Georgia's Entertainment Tax Credits Survive
Really great news!!
ATLANTA, GA - The Georgia Production Partnership (GPP) Government Relations Committee and Executive Board are pleased to report that the Georgia Entertainment Industry Investment Act and Entertainment Production Sales & Use Tax Exemption will stay intact, and that each will be withdrawn from the Georgia Joint Special Committee on Revenue Structure's substitute HB385 bill, plus any subsequent or related bills during this session.
HB385 is scheduled for a full Joint Special Committee vote on Monday, March 28, 2011 before it can move to the two legislative chambers for further ratification.
*** Follow-up note... The various Georgia film tax credits no longer have a sunset date.