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Georgia Streamlines Multibillion-Dollar Film & TV Tax Credit Process: Clearer Guidelines, Required Audits

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deadline.com
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Jill Goldsmith Co-Business EditorAn amendment to a Georgia law will streamline the process of applying film and television tax credits in the state as officials said current rules have been outstripped by the explosion production in the state over the past decade.Gov.

Brian Kemp last week approved changes to the Georgia Entertainment Industry Investment Incentive Act that require mandatory audits by productions before applying for the 30% tax credit the state’s offered since 2008.

Regulators are codifying a set of rules aimed at making the process clearer and quicker, compiling a list of approved auditors and tweaking the timing of when tax credits can be transferred.

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