Tax breaks are one of the rare political tools that never go out of fashion. Although Florida only sports one studio of major note (Madden NFL‘s EA Tiburon,) the state is hoping to attract more studio talent with a 20% tax credit for qualifying products and their expenses. Passed through SB 1752, the legislation was spearheaded by Senator Mike Haridopolos and Representative Steve Precourt.
“We applaud Representative Precourt and Senator Haridopolos for their leadership and vision in crafting this important legislation. Florida lawmakers are helping to pave the way for exciting new innovations in the entertainment industry,” said Michael D. Gallagher, president and CEO of the ESA. “These incentives will help keep Florida competitive in the digital media marketplace, attracting and providing 21st Century jobs in our growing industry and boosting the state’s economy.”