Georgia Film Tax Credits
Qualifying Projects – 20% tax credit is provided for companies that spend $500K or more on production and post production in Georgia.
* An additional 10% credit can be obtained if the finished project
includes a promotional logo provided by the state.
includes a promotional logo provided by the state.
Tax – The Georgia film credit can offset Georgia state income tax.
Recapture – There are no recapture provisions for film credits
Carryforward – Unused credits may be carried forward 5 years. Sale of prior year credits can be done and the taxpayer may amend that year’s return as long as the 5 year carry-forward has not expired.
Transferability – Credits can be transferred one time through the use of an IT-TRANS form.
Interested in learning more about Georgia’s Film Industry Tax Credits?