‘Hollywood of the South’ Tightens Movie Tax Breaks

Aug. 4, 2020, 8:46 PM

Georgia, the most popular place in the country to shoot movies, is tightening the screws on its $800 million-a-year tax break for television and film.

Gov. Brian Kemp (R) signed a bill (H.B. 1037) on Tuesday, which imposes mandatory audits on all productions that receive a tax credit for filming in Georgia. The generous credit reimburses companies for up to 30% on what they spend on in-state production. In 2016, Georgia’s film industry had more than 450 movies, TV shows, and commercials receiving the credit, earning the state the Hollywood of the South nickname.

Georgia has ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription