Georgia’s lucrative tax incentives for movie and television productions could soon expand to homegrown music recordings and international broadcasts of the 2026 World Cup as part of a bill that cleared a House committee on Monday.
The proposed additions to the state’s film tax credit are part of a measure meant to tighten oversight of a program that relieves production companies of having to pay billions of dollars annually in taxes.
House Bill 1037, by Rep. Matt Dollar, R-east Cobb, would require all film productions located in Georgia to undergo mandatory audits by the Georgia Department of Revenue or third-party auditors picked by the state agency.
It would also tighten rules for how film companies could transfer or sell unused tax credits to other businesses, a common practice for production groups that conduct part of their movie-making work outside Georgia.
The measure passed out of the House Creative Arts and Entertainment Working Group on Monday along with a pair of amendments broadening the tax credit’s scope. See more at MDJonline.