ANNOUNCEMENT 30 Apr 2015

In April 2015, a US state government announced a targeted tax change; two years later, it expanded these benefits.

NUMBER OF INTERVENTIONS

2

  • 2 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 30 Apr 2015 | Removal date: open ended
Still in force

Tax or social insurance relief

The Georgia General Assembly originally enacted the Georgia Entertainment Industry Investment Act in 2008.
 
On April 30, 2015 the governor of Georgia as signed into law a bill (HB 339) that extends the income tax credit available for qualified film, video, or digital production companies to January 1, 2019, but also requires the commissioner to develop an application process and requires credit recipients to report on the number of full-time employees subject to Georgia withholding.
 
The bill caps the credits at $25 million in 2013 and $12.5 million in subsequent years.
 
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facinginternational competition, whether from imports, in export markets, and from foreign subsidiaries.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
N/A
Inception date: 25 Apr 2017 | Removal date: 31 Dec 2022
Still in force

Tax or social insurance relief

On April 25, 2017 the governor of Georgia signed into law a bill (House Bill 199) expanding tax credits offered to the film industry. While the state has offered tax credits to this industry since 2008, the post-production portion of the business had not previously been eligible for support. The bill will provide a 20% tax credit for post-production companies. To qualify for these benefits, a firm must have at least a $250,000 payroll in Georgia and spend at least $500,000 per tax year. The new credit for post-production work will be capped at $5 million in 2018, $10 million in 2019, and $15 million from 2020 through 2022. No single company can get more than 20% of the total statewide credit.

 
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