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Georgia Bill Will Reinstate Tax Credit for Post-Production Expenditures in Film, Television

Great news for Georgia's film and television industry! The bill to reinstate Georgia's tax credit for post-production expenditures has passed the House and Senate. House Bill 129 offers a 20 percent credit to post-production companies spending at least $500,000 on qualified expenditures, with additional bonuses for projects shot in Georgia or completed in rural counties. The bill was the brainchild of B.I.G. Entertainment, a local trade association.

This renewal is a boost for local post-production companies, encouraging producers to utilize their high-end services. The incentive not only supports Georgia's economy but also competes with states like New York and countries like Canada and Ireland, which offer similar post-production incentives.

By reinstating this tax credit, Georgia is positioning itself as a top choice for post-production work, attracting more projects and investments to the state. It's a win-win for the industry and the local economy.

A bill to reinstate Georgia’s tax credit for postproduction expenditures in film and television cleared both the House and Senate on Wednesday and is now headed for the governor’s desk. House Bill 129 allows a postproduction company in Georgia spending at least $500,000 on qualified expenditures on a project to receive a 20% credit, with an additional 10% if the project was shot in Georgia. There is another 5% add-on if postproduction work is completed in a rural county.

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entertainment