FL S7128

Transfers the Office of Film and Entertainment from the Department of Economic Opportunity to Enterprise Florida, Inc., renaming it the Division of Film and Entertainment and requiring Enterprise Florida to conduct a national search for a Film Commissioner.

Requires the Department of Economic Opportunity (not the Division) to handle applications for the entertainment industry financial incentive program, with the ability to consult with the Division during the approval process.

Increases tax credit allocations by adding $50 million per fiscal year for fiscal years 2014-2015 and 2015-2016, and $50 million per fiscal year for fiscal years 2016-2017 through 2019-2020, extending the program's repeal date from July 1, 2016 to July 1, 2020.

Revises tax credit eligibility requirements, including increasing the residency requirement for production cast and crew from 60 percent to 70 percent (80 percent for digital media projects), adding new tax credit bonuses for hiring from specified populations, and requiring local financial commitments of 5-10 percent depending on county designation.

Deems all pending applications on file with the Department of Economic Opportunity that are not yet certified as of July 1, 2014 to be denied, and requires the department to develop a standardized application form in cooperation with the Division and other agencies.