The Georgia Senate’s decision not to take final action on an income tax credit bill halted a group of lawmakers’ intention to restrict spending on the state’s lucrative film tax credit program this year.
A group of legislators, predominantly Republicans, introduced two bills to change the credit. HB 1180 aimed to place an annual cap on the value of transferable tax credits, and HB 1181 was designed to restrict taxpayers’ ability to carry unused tax credits, including film incentives, forward to future years.
The Senate passed HB 1181 with a vote of 45-2 on March 11, following unanimous support from ...
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