House Approves Changes to Georgia Film Tax Credit

House Approves Changes to Georgia Film Tax Credit

House Approves Changes to Georgia Film Tax Credit

The Center Square, March 13, 2020

Georgia’s generous system of film industry incentives is coming under the legislative microscope. The state’s House of Representatives passed HR 1037, which places new limits on the program and includes mandatory audits. Under existing law, Georgia provides a 20 percent tax incentive to production crews that spend $500,000 or more on film projects in the state. Projects that promote the state get an additional 10 percent credit. HR 1037 withholds that 10 percent until distribution and tightens the carry-forward period from five to three years. Productions claiming tax credits would be required to undergo an audit by the Georgia Department of Revenue. HR 1037 passed the House by a vote of 156-10 and now heads to the state Senate for consideration there.

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