Georgia Production Partnership wishes to thank the General Assembly, Gov. Nathan Deal, Lt. Gov. Casey Cagle, and Speaker David Ralston for their continued support of the Film and Television Industry in Georgia.
The Georgia Entertainment Industry Investment Act – HB199 – had remarkable support by both house and senate members in this legislative session. This House Bill allows entertainment companies that develop video games, and complete post production work in Georgia, to be eligible for tax credits. It offers a 20 percent tax credit to companies pursuing film, video or digital work in the state that promote the Georgia logo and edit those projects in the state.
Specifically, HB199 provides a 20% tax credit for any post production company that has a minimum of $250,000 in Georgia payroll records, and that spend at least $500,000 per tax year. There is a 20% incentive for post production companies that edit material shot outside Georgia, and in the circumstance that a production is exclusively created in Georgia, this tax credit would increase to 30%.
It will have a credit cap of $5 million this year, $10 million the following year, and then $15 million between 2019 and 2022, and a maximum of 20% of the total statewide available credit per company.