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Georgia has dropped an effort to cap its billion-dollar film and TV tax credit, after the state House and Senate could not reach agreement on the issue.
Lawmakers have been working for nearly a year on proposals to rein in the incentive, which is the largest of any state in the nation. But the General Assembly adjourned its session early Friday morning without passing a bill on the subject out of both houses.
Legislators will now have to wait until the next session, beginning in January 2025, to address the issue.
The failure to pass a bill is a reprieve for the Georgia film industry, which relies heavily on the incentive and had been watching the legislation closely. The Georgia Screen Entertainment Coalition, which represents studios and other industry stakeholders, hailed the outcome as proof that the state remains “open for business.”
“After much study and debate, the General Assembly has...
Lawmakers have been working for nearly a year on proposals to rein in the incentive, which is the largest of any state in the nation. But the General Assembly adjourned its session early Friday morning without passing a bill on the subject out of both houses.
Legislators will now have to wait until the next session, beginning in January 2025, to address the issue.
The failure to pass a bill is a reprieve for the Georgia film industry, which relies heavily on the incentive and had been watching the legislation closely. The Georgia Screen Entertainment Coalition, which represents studios and other industry stakeholders, hailed the outcome as proof that the state remains “open for business.”
“After much study and debate, the General Assembly has...
- 3/29/2024
- by Gene Maddaus
- Variety Film + TV
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Georgia’s legislative session is a wrap, burying with it a tortured bill on state film and television production tax credits — to the relief of Hollywood, indie producers and Georgia sound stage owners.
“Georgia is open for business and continues as a premier destination for film and television production. After much study and debate, the General Assembly has kept in place the tax credit policy that has served the state so well, working exactly as intended,” said Kelsey Moore, Executive Director of the Georgia Screen Entertainment Coalition.
“We appreciate the leadership that Gov. Brian Kemp, Lt. Gov. Burt Jones, House Speaker Jon Burns and legislators on both sides of the aisle have shown on this issue. Our state leadership has sent a clear statement, literally across the world, that Georgia strongly supports the film industry,” she said in a statement overnight.
That the bill failed isn’t a huge surprise...
“Georgia is open for business and continues as a premier destination for film and television production. After much study and debate, the General Assembly has kept in place the tax credit policy that has served the state so well, working exactly as intended,” said Kelsey Moore, Executive Director of the Georgia Screen Entertainment Coalition.
“We appreciate the leadership that Gov. Brian Kemp, Lt. Gov. Burt Jones, House Speaker Jon Burns and legislators on both sides of the aisle have shown on this issue. Our state leadership has sent a clear statement, literally across the world, that Georgia strongly supports the film industry,” she said in a statement overnight.
That the bill failed isn’t a huge surprise...
- 3/29/2024
- by Jill Goldsmith
- Deadline Film + TV
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The Georgia House has just approved HB1180, legislation closely followed by the entertainment industry since it alters a key element of the transferable tax credit that’s drawn film and television production to the Peach State — capping the amount that can be transferred in any one year.
The change would only impact companies or producers that don’t have Georgia tax liability. They can’t use the tax credits so sell (or transfer) them to local high-worth individuals or businesses in what’s become a booming market. The annual cap will not apply to Georgia-based producers like Tyler Perry, who can use the credits directly.
The bill now heads to the Senate, then to the governor’s desk. Prevailing wisdom sees it sailing through, as it did in the House, with a 131-34 vote, albeit with some opposition on the floor from members who highlighted the tax credit’s $4 billion...
The change would only impact companies or producers that don’t have Georgia tax liability. They can’t use the tax credits so sell (or transfer) them to local high-worth individuals or businesses in what’s become a booming market. The annual cap will not apply to Georgia-based producers like Tyler Perry, who can use the credits directly.
The bill now heads to the Senate, then to the governor’s desk. Prevailing wisdom sees it sailing through, as it did in the House, with a 131-34 vote, albeit with some opposition on the floor from members who highlighted the tax credit’s $4 billion...
- 2/29/2024
- by Jill Goldsmith
- Deadline Film + TV
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