FL S1046

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 the Governor to appoint a film and entertainment commissioner subject to Senate confirmation.

Creates the Entertainment Industry Quick Action Fund within the Department of Economic Opportunity to provide rapid funding for extraordinary production opportunities, with awards up to 30 percent of qualified expenditures and required repayment of at least 25 percent of the award when productions generate $20 million in gross revenues.

Restructures the entertainment industry tax credit program under s. 288.1254 with two application periods per fiscal year (January-June and July-December), each with half the annual tax credits available, and establishes a queue system for applications exceeding 125 percent of available credits.

Modifies the Florida Film and Entertainment Advisory Council membership from 17 members to 11 members and requires the Division to serve as a liaison between the entertainment industry and state agencies, local film commissions, and labor organizations.

Extends the repeal date of the entertainment industry tax credit program from July 1, 2016, to July 1, 2021, and requires that projects approved under the quick action fund cannot simultaneously receive benefits under the tax credit or sales tax exemption programs for the same production.