FL S1430

Establishes entertainment industry financial incentive program providing corporate income tax credits (up to 20% of qualified expenditures, maximum $8 million) and sales/use tax credits to qualified film, television, and digital media productions in Florida.

Creates three priority queues for tax credit allocation: general production (94% of credits), commercial/music video (3%), and independent/emerging media (3%), with first-come, first-served processing within each queue.

Requires productions to meet minimum Florida residency thresholds (50-60% for general productions, 75% for digital media) and minimum qualified expenditure thresholds ($625,000 for general productions, $100,000 for commercials/music videos).

Caps total annual tax credits at $75 million per fiscal year with unused amounts carried forward two years; allows companies to transfer credits to up to four transferees and carry forward unused credits for five years after award.

Sunsets program July 1, 2015, though previously certified credits may still be awarded and carried forward credits remain valid per existing terms.