A Georgia House subcommittee left unchanged a cap on tax credits that can be transferred each year as pols tinker with the 15-year old film and television production incentives prized by the industry that have transformed the state into a major player in the entertainment economy. “It isn’t what we were hoping for, that’s for sure,” said one Georgia industry insider.
He and others expected the cap would have been raised or otherwise changed in a second version of the bill presented today. It still may be as the legislation heads to the full Ways & Means Committee, then to the full House.
Auditing was tightened up a few years ago but the state’s rich 30% incentives have had no cap and relatively few requirements beyond displaying the Georgia Peach logo in credits.
The film and TV credits are among the state’s largest across industries, accounting for $1.2 billion at peak production post-Covid.
Read more on deadline.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.