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75 Million in Film Incentives Moving in Tallahassee

March 3rd, 2010 by flanews

A House Committee in Tallahassee has given the green light for up to 75 million dollars in credits to moviemakers who come to Florida.

The money would only be spent after a production has been filmed. A recent study by the University of West Florida has shown that for every dollar the state spends, it gets a dollar forty-four back in tax revenue. Sponsor Steven Precourt of Orlando says the state doesnt have to spend the dollar until its already received the dollar forty-four in tax revenue.

There are production facilities out there vacant right now that can be utilized immediately. Weve got file, television and commercial businesses that are going to other states, that these people can be working here, living in their own homes I might add, seeing their children. We have students at top tier universities, FSU, and UCF and Full Sail that could be working in our state instead of moving to other places to work, said Precourt.

Currently, only one TV show is filmed completely in FloridaUSA Networks Burn Notice.

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