Thursday, January 9, 2020

"The economic benefits of Georgia’s popular and lucrative film tax credit have been greatly inflated, a new audit says"

AJC:

The state spends far more on film tax credits than on its court system, driver’s license services, the state patrol, enforcing environmental laws, housing juvenile offenders, investigating criminal cases or offering pre-kindergarten classes.

...

The film tax credits, which grew from $141 million in 2010 to an estimated $870 million in 2019, have been a policy mainstay over the course of two previous Republican administrations.Georgia has grown its film industry by leaps and bounds by giving the nation’s most lucrative credits for film work, up to 30%. Roughly $4 billion in tax credits has been doled out in Georgia.