A Reduction in Percentage but Loopholes for Major Studios – Georgia‘s Revised Film Tax Credit Law
From 2.5% to 2.3%, but Exceptions Keep Big Studios in the Spotlight – Adjusted Film Tax Credit Limit
According to Deadline, Georgia‘s film tax credit law is changing a lot. At first they said they’d only give out film tax credit worth 2.5% of the state’s money about $900 million. But now they’re thinking of giving out a bit less around 2.3%, which is about $830 million. However they’re making exceptions that basically make this limit useless especially for big movie studios.
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$900M to $830M: Georgia’s Film Tax Credit Faces Major Revision, Small Studios Left Hanging (PHOTO: Reason Magazine)
Uncertainty Looms Over Georgia’s Movie and TV Industry Amidst Senate’s Altered Film Tax Credit Rules and Big Studio Exceptions
The Senate’s changes mean big studios won’t be affected by the film tax credit cap but smaller ones might be unless they’re in rural areas. This has created uncertainty before the fast-approaching deadline. The goal was predictability but with all the changes it’s become confusing. The future of Georgia’s movie and TV industry is uncertain.
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