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Committee advances substitute to reinstate Georgia post-production tax credit with $10 million cap
Summary
A substitute for House Bill 129 would reinstate Georgia’s post-production tax credit and keep the program cap at $10 million while requiring productions to be Georgia-based; sponsors said the credit supports local post-production employment and warned companies could leave without renewal.
The Senate Rules Committee advanced a substitute to House Bill 129 that would reinstate Georgia’s post-production tax credit and maintain a $10 million annual cap, while limiting the tax credit to productions based in Georgia.
Representative Chaz Cannon, presenting the substitute, said the original program included a sunset and that the substitute restores the credit but keeps the cap at $10 million and requires eligibility be limited to Georgia films. "It leaves the cap at 10,000,000, and it still has to be Georgia films," Cannon said. He told the committee that when the credit lapsed a previous post-production company reduced staff from roughly 75 employees to the 40s and that at least one large post-production firm said it would leave the state unless the credit was reinstated.
Committee members discussed the committee pathway and past votes. Cannon said prior attempts to extend the credit produced votes in both chambers but ultimately were not called for final action in earlier sessions. The substitute advanced from Rules on a voice or show-of-hands vote recorded by the chair; the chair announced the motion carried.
Ending
The substitute moves to the general calendar. Sponsors said they view the tax credit as targeted support for the state’s film and post-production sector and argued the capped reinstatement balances fiscal restraint with industry preservation.
