In a new brief, the Fiscal Research Center provides a detailed description of Georgia’s film tax credit, a review of the incentive’s significant features compared to those offered by other states, and a snapshot of the industry — focusing on the economic impact of cost, revenue and jobs — in Georgia compared to the rest of the nation.
A few highlights:
- In 2014, incentive rates ranged from 14 percent in Montana to 58 percent in Alaska. At that time, 38 states had an active film tax incentive. Georgia’s is among the more generous.
- The Georgia film tax credit is estimated to have cost the state just over $925 million in utilized credits over the period 2009-14.
- Over the post-recession period from 2009-12, employment in Georgia’s film industry increased by 62 percent compared to a 9 percent increase in total state private employment.