Georgia Entertainment Industry Investment Act
On May 12, 2008 Former Governor Sonny Perdue signed into law the Georgia Entertainment Industry Investment Act, boosting the state tax credit for qualified production and post-production expenditures by as much as 30 percent. It is available not only to traditional motion picture projects such as feature films, television series, commercials and music videos, but also innovative new industries such as game development and animation.
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"The magnitude of Georgia's tax break is one of the best, if not the best in the country," says Broderick Johnson, producer of Alcon Entertainment's The Blind Side. Variety |
The Georgia Entertainment Industry Investment Act offers an across the board flat tax credit of 20 percent based on a minimum investment of $500,000 on qualified productions in Georgia. An additional 10 percent Georgia Entertainment Promotion (GEP) uplift can be earned by including an imbedded animated Georgia logo on approved projects.
For more information on the Georgia Entertainment Industry Investment Act, please download the following materials (PDF):
Highlights of the Georgia Entertainment Industry Investment Act
Georgia, Film, Music & Digital Entertainment Tax Incentives Brochure
Application: Tax Credit Certification Application
Application: Georgia Entertainment Promotion (GEP) Application
Georgia Department of Revenue Forms
Film Tax Credit Form (IT-FC)
Notice of Tax Credit Transfer (IT-TRANS)
Georgia Department of Revenue Rules and Regulations
GEORGIA Sales & Use Tax Exemption
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'Stay seated for the credits .... and you'll see why Georgia Film officials love Hollywood these days,' writes the AJC. www.ajc.com |
In addition to the Georgia Entertainment Industry Investment Act, the state also offers a Sales & Use Tax Exemption. Qualified companies can get an immediate point-of-purchase sales tax exemption that will save productions up to eight percent on most below-the-line materials and service purchases or rentals.
For more information on the Sales & Use Tax Exemption, please download the following materials (PDF):
Highlights of the Georgia Sales & Use Tax Exemption
Sales & Use Tax Exemption Rules and Regulations
Application: Application for Certificate of Exemption
Applying for the Georgia Sales & Use Tax Exemption Refund
When applying for the tax exemption refund, three forms may be required for the refund process (PDF):
Application for Certificate of Exemption (ST-PE1)
Claim for Refund (ST-12)
Waiver of Vendor's Rights for Refund (ST-12A)
Contact
To learn more about these incentives and how the Georgia Film, Music & Digital Entertainment Office can help make your next shoot a successful venture, please contact us.
Related Site:
The Georgia Production Partnership Incentive Program