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The PunkLawyer Blog » Blog Archive Ready, Set, Film! (Or At Least Apply to Film) - The PunkLawyer Blog

Ready, Set, Film! (Or At Least Apply to Film)

This week was an exciting one for entertainment in Florida.  Starting at noon Wednesday, the Governor’s Office of Film and Entertainment began accepting applications for the new 5 year, $252 million transferable tax credit program for film, television, commercials, music videos, as well as digital and emerging media.  The credits will be available on a first come, first served basis, and the word is that given the interest from all over the country, they are expected to go quickly.  The program begins July 1, 2010, and there is $53.5 million allocated for the 2010/2011 fiscal year.  There are three queues based on the type of project: general production, commercial and music videos, and independent and emerging media.  The tax credit ranges from the base percentage of 20 percent up to 30 percent if a project qualifies for either of the two available 5 percent bonuses for productions filmed during off season, and for family friendly productions.   The Film and Entertainment Office has a great site with more details and materials on the program, check it out here.   Given the great weather and locations available across the state, the program hopes to bring more film, television, and other projects to Florida, as well as bring jobs and support the growth of entertainment infrastructure.  With the growth of art and digital media programs in the state at at schools like Ringling College of Art and Design and UCF to name a few, I think it’s a great time to be encouraging new film and other entertainment projects in the state.   As per the update provided today by the Film and Entertainment Office, over 550 applications have been submitted for over 100 projects so far.   The Office staff are now moving forward with reviewing the submissions and supporting materials, and then qualifying and certifying projects to receive the tax credit.  There’s still time to apply, to be considered applications have to be submitted within 180 days of the start of filming or the start of the project.  As the program goes for 5 years, there is also time to dream up projects for future years of the incentive as well.  Here’s to more entertainment projects coming to Florida, have a great weekend!

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