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.