I appears to me that this is designed to turn Georgia blue and that is the only reason for the massive and un-capped tax incentive to exist. The program is currently uncapped, meaning that all productions that spend at least $500,000 in the state in a year are guaranteed a 30% credit on their expenses. The credits are also transferable, meaning that studios can sell them at close to face value to other taxpayers.
It all started with Sonny Perdue in 2008:
https://www.georgia.org/newsroom/press-releases/georgia-boosts-incentives-for-entertainment-industry
When we needed to cap the abuse of these incentives:
David Ralston screws GA:
“I’m not prepared to run that industry out of Georgia,” Ralston said. “I think the industry is good for the state, puts a lot of people to work. It provides opportunities for many, particularly younger Georgians, to pursue their interest in the film industry here without moving to New York or California. So the last time I checked, that bill will have to come through the House.”
Georgia Senate Panel Proposes $900 Million Cap on Film Tax Credit
https://variety.com/2022/film/news/georgia-film-credit-cap-proposal-1235218414/
Good points, jacknhoo.
Yes, you may be onto something about trying to turn the state blue. Of course, the damage the RINO reds are giving to Georgia is appalling already.
Ralston fails to address the key issue: are the incentives working? They are not, and he well knows it. He and Kemp MUST be held accountable for keeping this program going.
Ralston is a snake. Let’s not forget this:
State Rep. Alleges Georgia House Speaker David Ralston ‘Lied to Trump’ About Following Through on Efforts to Convene a Special Session
https://georgiastarnews.com ^ | December 20, 2020 | Chris Butler
https://freerepublic.com/focus/f-news/3917648/posts
According to many Ga reps, they were threatened by Ralston not to sign the petition for a special session to examine the fraud in 2020. There was a news story about it too but I can’t find at the moment
And Ralston already tossed it to the scrap heap. He’s such a POS. As bad, or worse, than Kemp Duncan Miller Raffensberger Williamson and so many others.