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Georgia Senators Float Idea of Shrinking Film Tax Credit

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Gene Maddaus Senior Media WriterThe Georgia film tax credit, long one of the world’s most generous subsidies for the entertainment industry, could be on the chopping block as the state pares spending to respond to an unprecedented budget crisis.Last Friday, the state Senate passed $2.6 billion in cuts, including more than $1 billion in cuts to K-12 education.

In that context, the state’s annual subsidy for Hollywood — which reached a record $860 million last year — is suddenly looking vulnerable.“I think there is a political will to cap it,” said Rep.

Matt Dollar, who chairs the House Working Group on Creative Arts and Entertainment and who is a big supporter of the credit. “It’s been talked about since the session started.”On Monday, the.

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