Georgia Film Tax Credit Highlights

  • Post category:News

Georgia is a production-friendly state with transferable film tax credits up to 30% of qualified
expenditures. Eligible projects include: feature films; television films, pilots or series; televised specials;
televised commercials; and music videos that are distributed outside of Georgia. The $500,000 annual
minimum expenditure threshold can be met with one project or the total of multiple projects aggregated in
a single tax year. Only production companies are eligible to apply. The income tax credit may be used
against Georgia income tax liability or the production company’s Georgia withholding, or it can be sold or
transferred to one or more Georgia taxpayers.

Highlights:

  • 20% base transferable tax credit
  • 10% uplift transferable tax credit earned by using an embedded Georgia logo and a link to
    ExploreGeorgia.org/film on the project’s landing page
  • Both resident and non-resident workers’ payrolls and FICA, SUI, FUI qualify
  • Production expenditures must be made in Georgia from a Georgia vendor to qualify
  • No limits or caps on Georgia spend. No sunset clause
  • No salary cap on individuals paid by 1099, personal service contract or loan-out
  • Payments made to a loan-out company will require 6 percent Georgia income tax withholding
  • Post-production of Georgia-filmed movies and television projects qualifies if post done in Georgia
  • Development costs, promotion, marketing, story rights and most fees do not qualify

 

Contact Bob Heuel, bheuel@mjcpa.com, or Nick Rider, nrider@mjcpa.com, or by calling 770-955-8600 for
additional information.