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Georgia Lawmakers Back Away From Capping $1 Billion Film Incentive
Some Georgia lawmakers have had second thoughts about capping the sale of film tax credits, approving exemptions that would undermine the cap.
Lawmakers passed a version of the bill on an 8-6 vote that lowers the cap to 2.3% but exempts projects made at the state’s largest studio facilities. “You’re making it very complicated for a new production to assess whether they’re going to get tax credits in a timely fashion,” said Ryan Millsap, CEO of the Blackhall Group, in an interview last month. Under current law, a movie or TV show simply has to display a title card with the Georgia peach logo to claim the extra 10%.
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