Get the latest gossip
Georgia Drops Effort to Cap Billion-Dollar Film Tax Credit
Georgia lawmakers have dropped an effort to rein in the state's billion-dollar film credit, as the House and Senate could not reach consensus.
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 kept in place the tax credit policy that has served the state so well, working exactly as intended,” Kelsey Moore, the group’s executive director, said in a statement. “Turning a fiscally responsible measure designed to protect Georgia taxpayers, considerate of all stakeholders, into a competitive advantage for three Atlanta-based film studios was not our objective,” said Rep. Shaw Blackmon, the chairman of the House Ways and Means Committee, in an email early on Thursday.
Or read this on Variety