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From the staff of the Tampa Bay Times

The election year challenge: reversing fee increases and financing tax breaks



Rep. Ellyn Bogdanoff, who leads the House Finance and Tax Council, said House and Senate leaders have broad agreement on tax incentives to help the manufacturing, space, ports and the film industries:

• $100 million in incentives to upgrade Florida’s 14 ports in preparation for the widening of the Panama Canal in 2015. The incentives would cost $10 million per year, starting in the 2011-12 budget year.

• $67 million in sales tax breaks for certain manufacturing equipment.

• Up to $20 million annually in tax credits to movie and television productions, starting in 2011.

• About $25 million in funding to encourage new space-related businesses to retain thousands of jobs in Florida’s space industry after manned shuttle flights stop.

[Last modified: Thursday, September 9, 2010 12:30pm]


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