Georgia Lawmakers Back Away From Capping $1 Billion Film Incentive
variety.comGene Maddaus Senior Media Writer Georgia lawmakers on Wednesday backed away from a proposal to cap the state’s $1 billion incentive for film and TV production.
The state tax incentive has turned Georgia into a major production hub over the last decade, attracting Marvel movies and TV shows like Netflix’s “A Man in Full” and “Stranger Things” with a 30% rebate on all in-state production costs.
But as the program has exceeded $1 billion annually in recent years — far surpassing the incentives offered by any other state — some lawmakers have begun to try to rein it in.
In February, the state House of Representatives passed a bill that would limit the tax credits that could be sold annually to 2.5% of the state budget — or about $900 million next year.
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