2010-27336 Reso2010-27336
RESOLUTION NO.
A RESOLUTION OF THE MAYOR AND CITY COMMISSION OF THE
CITY OF MIAMI BEACH, FLORIDA, SUPPORTING AND
ENCOURAGING THE STATE LEGISLATURE AND THE GOVERNOR
TO SUPPORT HOUSE BILL 697 SPONSORED BY STATE REP.
PRECOURT, AND SENATE BILL 1430 SPONSORED BY SENATOR
HARIDOPOLOS, WHICH LEGISLATION WOULD AMEND FLORIDA'S
ENTERTAINMENT INDUSTRY FINANCIAL INCENTIVE PROGRAM TO
PROVIDE CORPORATE INCOME AND SALES/USE TAX CREDITS TO
QUALIFIED FILM AND ENTERTAINMENT ENTITIES.
WHEREAS, the film and entertainment industry is known for creating stable,
high-wage, high-tech jobs critical to economic development. To bring more of these
opportunities to Floridians, we must invest in important financial incentives to encourage
greater production within the state; and
WHEREAS, for motion picture companies, the decision of where to shoot a
particular movie is often equally based on the required aesthetics for the film and what
jurisdiction offers the most favorable business incentives for locating the production in a
particular jurisdiction. In some circumstances, these business incentives can be the
defining factor as to whether a film is produced; and
WHEREAS, via Chapter 288 of the Florida Statutes, Florida's Entertainment
Industry Financial Incentive Program embodies a film incentive plan through which the
Legislature appropriates funds annually and provides certain tax exemptions and/or tax
rebates to qualifying film and entertainment entities. These incentives, however, have
represented an inconsistent financial commitment to the film and entertainment industry,
thus limiting the ability to lure lucrative film and television productions to the state,
thereby placing Florida at a competitive disadvantage to other states; and
WHEREAS, if Florida wants to compete with other states to attract top tier film
and entertainment industries, then State law must be amended to allow for additional
recurring incentives, with the State committing to tax credit programs with multi-year
components to continue to attract more film and entertainment productions to the state;
and
WHEREAS, the attached House Bill 697 proposed by State Representative
Stephen Precourt, and related Senate Bill 1430 proposed by State Senator Mike
Haridopolos, provide in part for the creation of such tax credits, with qualified
productions spending at least $100,000 being eligible for tax credits of at least 20
percent of expenditures, and allowing for an additional 5 percent tax credit for off-season
and family-friendly productions; and
WHEREAS, the Mayor and City Commission of the City of Miami Beach strongly
support and encourage the Florida Legislature and Governor to endorse HB 697 and SB
1430 as their passage will enable Florida and its local governmental entities such as the
City of Miami Beach to compete better with other jurisdictions in attracting lucrative film
projects.
NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY
COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City
Commission of the City of Miami Beach support and encourage the State Legislature
and the Governor to support House Bill 697 sponsored by State Representative Stephen
Precourt and related Senate Bill 1430 sponsored by State Senator Mike Haridopolos,
which legislation would amend Florida Statutes Chapter 288's Florida's Entertainment
Industry Financial Incentive Program to provide corporate income and sales/use tax
credits to qualified film and entertainment entities.
PASSED and ADOPTED this 3 day of ~~2~rk~*Y2010.
ATTEST: ~
MAT HERRERA O R
MAYOR
1 (A.t (,~ APi'4;OrV€®AS TO
ROBERT PARCHER FC)R6A & LASJCUAGE
CITY CLERK ~e F^~ EXECUYlCM
(Requested by Commissioner Jerry Libbin)
F:\atto\OUJ\RES-ORD\LibbinFilmTaxCredit. doc
m MIAMIBEACH
OFFICE OF THE CITY ATTORNEY
JOSE SMITH, CITY ATTORNEY COMMISSION MEMORANDUM
TO: Honorable Mayor Matti Herrera Bower
Members of the City Commission
Jorge Gonzalez, City Manager
FROM: Jose Smith, City Attor y '
DATE: February 3, 2010
SUBJECT: A RESOLUTION OF THE MAYOR AND CITY COMMISSION
OF THE CITY OF MIAMI BEACH, FLORIDA, SUPPORTING
AND ENCOURAGING THE STATE LEGISLATURE AND THE
GOVERNOR TO SUPPORT HOUSE BILL 697 SPONSORED
BY STATE REP. PRECOURT, WHICH LEGISLATION
WOULD AMEND FLORIDA'S ENTERTAINMENT INDUSTRY
FINANCIAL INCENTIVE PROGRAM TO PROVIDE
CORPORATE INCOME AND SALES/USE TAX CREDITS TO
QUALIFIED FILM AND ENTERTAINMENT ENTITIES.
Pursuant to the request of Commissioner Jerry Libbin, the attached Resolution is submitted for
consideration by the City Commission regarding House Bill 697 sponsored by State
Representative Stephen Precourt, which legislation seeks to amend Florida Statutes Chapter
288 Florida Entertainment Industry Financial Incentive Program by providing for certain
corporate income and sales and use tax credits to qualified film and entertainment entities.
F:\atto\OL IJ\CMEMO\LibbinTaxCrl ncentivePlan.doc
Agenda Item I`_
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