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Georgia Senate Committee Basically Guts Cap On Production Tax Credits As Bill Goes Down To The Wire
A Georgia senate committee has all but gutted an annual cap on production tax credits in a new version that has little time left to pass.
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. With the revised bill exempting hundreds of millions worth of eligible tax credits from the cap, there almost isn’t one, as some lawmakers noted at a committee hearing this evening. A generous tax credit regime has made Georgia a major film and television production hub, one of the three biggest in the world.
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