$ TEN MILLION REASONS TO SHOOT IN FLORIDA!



The Governor's Office of Film & Entertainment has posted instructions on accessing policies, procedures and the application for the new $10 MILLION ENTERTAINMENT INDUSTRY FINANCIAL INCENTIVE PROGRAM. The purpose of this program is to encourage the use of Florida as a site for filming and for providing production services for filmed entertainment. To view qualifications, instructions and the application please visit www.filminflorida.com/ifi/incentives.asp

FLORIDA ENTERTAINMENT INDUSTRY INCENTIVES

Entertainment Industry incentives in Florida are highlighted by a tax climate that's as mild as the weather. The state is only one of seven states that have no personal income tax and no tax on inventory goods in transit. Florida's per capita state tax collection consistently ranks below the national average.

There are special tax exemptions that have helped Florida become the third largest motion picture and television production center in the United States.


Tax incentives include:

   • Effective January 1, 2001, no tax on the sale or lease of motion picture, television, and sound-recording equipment. This exception takes place at the "Point of Sale";
   • No tax on artistic or copyright material on master tapes, master films, master records and master videotapes. Transactions involving masters are taxed only on the value of the blank film, tape or other tangible personal property. The value of all major cost components of making a master, such as artistic services, processing, copyrights and royalties, is excluded from taxation when the master is sold or leased;
   • No tax on the rent or lease of real property used as an integral part of a picture. Renting studios, sound stages, lots, buildings or any other real estate is exempt. This exemption applies to small, independent operations and major studios facilities;
   • No tax labor to produce a film, commercial or sound recording made for a companies own use;
   • No tax on the lease of real property to a person providing food and drink concessionaire services within the premises of a movie theater.


The manner in which leases or contracts are written can affect taxability. For detailed tax information, you can call the Governors Office of Film & Entertainment State Production Manager, Scott Openshaw at 1-850-410-4765.  You can also call the Florida Department of Revenue, Central Registration Section at 1-850-481-4138 or you can go to www.filminflorida.com.

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