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Florida Administrative Code (Last Updated: June 27, 2024) |
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27. Executive Office of the Governor |
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27M. Office of Tourism, Trade and Economic Development |
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27M-5. Entertainment Industry Financial Incentive Program |
1(1) OFE shall review the accountant’s final report, submitted under subsection 1227M-5.005(2), 13F.A.C., and then report to OTTED the final verified amount of actual Qualified Expenditures made by the Certified Production.
32(2) OTTED shall determine and approve the final tax credit award amount to each Certified Production. OTTED shall document its award using the Award Letter (form OTTED 1254-3 (12/10), which is hereby incorporated by reference), the original of which OTTED shall send to each Qualified Applicant, with a copy to the Department of Revenue.
86(3) The final tax credit award amount may not exceed the maximum tax credit award amount certified, neither per fiscal year nor in the aggregate. The Award Letter shall specify the fiscal year(s) in which the awarded credits may be applied against tax liability.
130(4) Awarded tax credits may later be revoked or forfeited as provided in Section 144288.1254(9), F.S.
146(5) Award decisions shall be subject to review under Chapter 120 of the Florida Statutes.
161Rulemaking Authority 163288.1254(8) FS. 165Law Implemented 167288.1254(3)(f), 168288.1254(9) 169FS. History–New 12-30-10.
