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22.03.2024 / 02:39

Georgia Senate Committee Basically Guts Cap On Production Tax Credits As Bill Goes Down To The Wire

A cap on Georgia’s film and television production tax credit looks much different now in the latest version of a bill that’s passed from the House to the Senate.

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21.03.2024 / 23:37

Georgia Lawmakers Back Away From Capping $1 Billion Film Incentive

Gene 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.

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09.02.2024 / 12:09

Georgia Lawmakers Move to Limit Nation’s Largest Film Incentive

Gene Maddaus Senior Media Writer After studying the issue for the last eight months, Georgia lawmakers unveiled a proposal on Wednesday to limit the state’s lucrative film and TV tax incentive. Georgia has the largest production tax credit in the country, with $1.24 billion in credits certified last year. Over the last decade, soundstages have sprouted up around Atlanta and hundreds of productions have come to the state, including “May December,” “Black Panther,” “Stranger Things,” and “The Walking Dead.” Unlike in most other states, the Georgia credit is not capped.

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31.03.2022 / 21:21

Georgia Senate Drops Proposal to Cap Film Credit at $900 Million

Gene Maddaus Senior Media WriterThe Georgia state Senate has dropped a proposal to cap the state’s film and TV tax credit, after facing industry pushback and opposition from the state House of Representatives.The Senate Finance Committee passed a measure on Monday that would have capped the credit at $900 million per year. The bill would also have made the credit non-transferable, meaning that studios could not sell their credits to other taxpayers.The bill was initially scheduled for a vote on the Senate floor on Wednesday, but was withdrawn.

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30.03.2022 / 04:45

Georgia Senate Panel Proposes $900 Million Cap on Film Tax Credit

Gene Maddaus Senior Media WriterA committee of the Georgia State Senate voted on Monday to cap the state’s lucrative film and TV tax credit at $900 million per year.The tax credit has made Georgia a major hub of film and TV production over the last decade. Last year, the credit soared to a record $1.2 billion as production exploded in the state following the pandemic.The program is currently uncapped, meaning that all productions that spend at least $500,000 in the state in a year are guaranteed a 30% credit on their expenses.

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