FL S1734

Transfers the Office of Film and Entertainment from the Department of Economic Opportunity to Enterprise Florida, Inc., and renames it the Division of Film and Entertainment, with the president of Enterprise Florida, Inc. hiring the film commissioner through a national search.

Updates the Division's 5-year strategic plan requirements to be annually reviewed and approved by Enterprise Florida, Inc.'s board of directors, with specific focus on organizational structure, coordination with local entities, and recruitment strategies.

Revises the entertainment industry financial incentive program by increasing residency requirements for production cast and crew from 60 percent to 70 percent (80 percent for digital media), establishing local financial commitment requirements equal to 10 percent of tax credits applied for (5 percent for underutilized counties), and changing the application window from 180 to 150 days before principal photography.

Increases total tax credit allocations to $50 million annually for fiscal years 2014-2015 and 2015-2016, then $50 million annually for fiscal years 2016-2017 through 2019-2020, and extends the program repeal date from July 1, 2016 to July 1, 2020.

Adds film and entertainment as a required division for Enterprise Florida, Inc., and deems all pending applications not yet certified as of July 1, 2014 to be denied.