UPDATED, 5:59 PM: Proposed changes to Georgia’s best-in-the-country film incentives program have been scrapped. The proposed changes, which would have capped tax credits at $900 million a year and …
at $900 million a year and banned film companies from selling the credits to third parties, had been backed by Georgia’s Senate Finance Committee but got no further in the legislative process.A bill pending in the Georgia legislature would put a cap of $900 million on the amount of tax incentives the state gives to filmmakers each year, which has turned Georgia into one of the nation’s top filming destinations.
Proponents of the proposed changes in Georgia say that an overhaul of the state’s film subsidies is long overdue. Opponents, however, note that the tax breaks support 75,000 jobs in the state, and that changing the rebate system could seriously undermine that.
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