Florida
The Florida Legislature failed to act on changes and additional
funding for the state's production incentive program during
this session. The funding enacted a couple of years ago has been
committed to projects that are already in the queues. At play were
other state legislative funding priorities, which took needed funds
from this program, as well as other political dynamics. A small
amount of money that was left over from 2013 will go back into the
pool. This means that unless your production is in a good queue
position or has been approved, it will not likely receive funding
for credits. There is a chance that some leftover funds from the
Digital Domain bankruptcy may go back into the pool.
California
On May 6, the California Assembly struck down proposed legislation
that would have increased the value of the state's film
production tax credit, a decision the bill's Republican author
said will lead to the continued exodus of entertainment industry
projects from California. AB 1780 failed to get the required number
of votes to clear the Assembly Committee on Arts, Entertainment,
Sports, Tourism and Internet Media. The bill would have increased
the state's tax credit for film productions from 20 percent to
as much as 35 percent. There is still some small hope in AB 1839,
which can increase the California credit to 25 percent, depending
on where the production was shot.
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