Georgia General Assembly clears the post-production entertainment Tax Credit

 

Georgia is Going Hollywood!

Georgia is Going Hollywood!

ATLANTA, GA– Georgia’s generous tax credit to the film industry would be expanded to cover post-production work under legislation that cleared the General Assembly during the session. The state Senate voted 38-17 for a bill that would provide a 20 percent tax credit for post-production companies with at least a $250,000 payroll in Georgia. These companies must also spend at least $500,000 per tax year to qualify.

The Atlanta Business Chronicle reports that the credit for post-production work would be capped at $5 million next year, $10 million in 2019 and $15 million from 2020 through 2022. No single company could receive more than 20 percent of the total statewide credit available in a given year.

Learn more at http://www.bizjournals.com/atlanta/news/2017/03/23/georgia-post-production-entertainment-tax-clears.html

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