HB 1345 Summary

• Creates the Florida Film Investment Corporation as a nonprofit entity to make equity investments in scripted film and television productions that generate economic impact and high-wage jobs for Florida residents.

• Establishes the Florida Film Investment Account to receive state, federal, county, municipal, and private funds, with dividend returns redeposited to support investment activities.

• Limits corporation investments to amounts not exceeding production in-state expenditures, with investment capped at less than one-half of total production ownership and no more than 12.5 percent of uncommitted account funds.

• Creates a 7-member board of directors composed of investment banking experts, production industry leaders, supply business representatives, and workforce representatives, with staggered appointment terms and no compensation beyond expense reimbursement.

• Requires public notice to the Department of Economic Opportunity and publication on the corporation website for all equity investments, including production details and key personnel names.