Florida Raises Tax Breaks for Game Development

Mon, Apr 12, 2010

Funding, Industry

The Florida House of Representatives passed a bill today which raises existing tax breaks involving the entertainment industries. If the bill makes it to law, it will raise tax breaks from 15% to 20% for companies that develop within the state. The vote passed unanimously with a vote of 112 to 0.

Also reported is a 5% boost to products made within the off-season of June through November and another 5% boost to family-friendly titles (Games made for 5+ years of age).

The bill was meant to be focused on bringing the film industry to Florida but the credits will benefit game companies as well.

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Talor is a Contributing Editor at Frisky Mongoose focusing on the mobile side of the social gaming world.

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