FL H0251

Creates the Florida First Production Partnership Program within the Department of Economic Opportunity, providing tax credits of up to 15% (or 20% with a 5% bonus for family-friendly content or production in underutilized areas) of verified qualified expenditures for eligible film, television, and digital media projects, with a maximum credit of $2 million per project

Allocates $20 million per fiscal year in tax credits for fiscal years 2023-2024 through 2026-2027 ($80 million total), with unused credits carrying forward for up to 2 additional fiscal years; the program expires June 30, 2027

Requires eligible projects to have a local inducement, minimum qualified expenditures ($1.5 million for film/digital media or $500,000 per episode for TV), at least 60% Florida-resident crew (including at least one veteran), and at least 70% of production days spent in Florida

Credits may be applied against sales and use tax (Chapter 212) or corporate income tax (Chapter 220), carried forward for up to 5 years, transferred to related entertainment industry entities, or relinquished to the Department of Revenue in exchange for 85% of the credit value in cash

The Florida Film and Entertainment Advisory Council scores qualified projects based on criteria including expected expenditures, local inducement amounts, wages to Florida residents, job creation, tourism benefits, and family-friendly content, with the Commissioner of Film and Entertainment making final certification decisions