Georgia’s lucrative and controversial tax incentives for television and movies helped make the state a star among Hollywood producers. Now industry watchers say they hope an expansion of the state’s tax credits and the hunger by consumers for more original programming will stimulate further growth…
The latest tax credit expansion allows for Georgia post-production companies to earn a 20 percent tax credit for specialty work such as editing and visual effects performed in Georgia for projects shot outside the state.
Eligible post-production companies have to have a payroll of at least $250,000 in Georgia, helping to ensure jobs are created locally, supporters say.
The new incentive has a $10 million cap per year and is scheduled to expire in 2023.
See more at AJC.
