tax credits

Ilya Sedykh / Flickr

Films like “Magic Mike” and “Edward Scissorhands” were filmed in Florida. Due the states struggle to compete with other state incentives Florida lawmakers make an effort to revise the state’s tax credits for film productions in Florida.

The Sunshine State is featured in popular movies such as “2 Fast 2 Furious” and “Dolphin Tale” parts one and two. With four consecutive years of record-breaking tourism, films in Florida play a big part of the state’s economy.

Capital Report: 03-04-2015

Mar 4, 2015

With a potential billion-dollar budget hole looming, the Florida Senate is starting to consider whether and how to accept federal funds to expand Medicaid. Lynn Hatter reports there are at least two proposed bills floating around the chamber, and lawmakers are also raising the possibility of resurrecting the original plan, dubbed “Negron-Care”.

The federal  Affordable Care Act  is aimed at getting more Americans insured. To do that, people are required to carry health insurance or pay a fine. Those fines will begin popping up next year, and some tax filing groups are trying to help people examine their options for becoming insured and avoiding the penalty.

About 70 percent of small businesses in the U.S. are  eligible for healthcare tax credits under the federal Affordable Care Act.

That’s according to the healthcare consumer advocacy group, Families USA The group released a report Wednesday showing more than 300,000 thousand small businesses in Florida would qualify for the minimum credit- which is about a third of the cost of providing healthcare to employees.