Search results
30%
- Georgia grants state income tax credits for up to 30% of the cost of a television or film production in the state, once a company spends at least $500,000. But most production companies don’t have enough income tax liability to use all the credits and they can’t be redeemed for cash.
People also ask
What is a Georgia film tax credit?
Will Georgia tighten film tax credit?
Does Georgia require a film tax audit?
Who is eligible for the film tax credit?
Beginning January 1, 2023, all productions certified by the Department of Economic Development are required to provide information to obtain the film tax credit. Learn more about Required Mandatory Film Tax Credit Audit & Fees
The Georgia Department of Revenue (GDOR) offers a voluntary program. An audit is required prior to utilization or transfer, of any earned Georgia film tax credit that exceeds $2.5 million in 2021, $1.25 million in 2022, and for any credit amount thereafter. As of January 1, 2023, all projects are required to go through a mandatory audit.
The Georgia Entertainment Industry Investment Act grants an income tax credit of 20% to qualified productions which include feature films, television movies or series, documentaries, commercials, and music video projects.
- 3MB
- 21
- Film Tax Forms
- Reference Material
- Letter Rulings & Bulletins
Complete Film Tax Audit Questionnaire Verification Form for In-State Work for Service Providers Affidavit for Certified 3rd Party Eligible Auditor (certified auditors only) Final Audit Documentation Transmittal (certified auditors only)
Film Tax Audit Procedures Manual (pdf) Film Tax Audit Workbook (Excel template ) Sales Tax ID Verification Tool Current Statutes - Official Code of Georgia Current Regulations - GA R&R - GAC - Rule 560-7-8-.45. Film Tax Credit How to Submit a Post Production Film Tax Credit(video) Film Tax Credit Withholding Instructions and Forms More GTC Instruct...
IT-2023-01 - Interim Production Period Expenditures Incurred During WGA and SAG-AFTRA Strikes LR IT-2017-01 - Film Tax Credits on Late-Filed Returns and Related Penalties LR IT-2017-02 - Vendor Conduit Policy Bulletin IT 2016-01 - Interim Production Period Expenditures Film Tax Credit Bulletin 5-01-2017 - Examples of Vendors that are not Georgia Ve...
- Department of Revenue
Feb 19, 2024 · A bill introduced in the Georgia House of Representatives earlier this month would require film production companies to meet at least four of nine criteria to qualify for an additional 10% tax credit on top of the 20% base credit the General Assembly enacted in 2008.
For feature, television movies, pilots, series, TV specials and music videos, if applying for the full 30% tax credit, the application package consists of the 20% and 10% applications, proof of funding and script.
Feb 29, 2024 · ATLANTA (AP) — Georgia House members are moving to tighten Georgia’s lucrative film tax credit, limiting the value of credits moviemakers can cash in by selling them to others and requiring them to spend more in the state. The House voted 131-34 on Thursday to approve House Bill 1180, sending it to the Senate for more debate.
