20 Jan Film & TV News Update: Georgia Brings Back Post Production Tax Credit

Georgia has long been a major player in film, television, and entertainment—largely driven by its strong production tax credits. After a stretch without a dedicated post-production credit, the Georgia legislature has brought one back, this time with updated requirements and eligibility thresholds that reflect how the industry has evolved.

Film and television post-production companies no longer need to have shot their film in Georgia to claim credit as long as the post-production work is done in Georgia. This is a win for visual effects, editing houses and studios that specialize in post-production-only work.  Producers and post-production vendors should pay close attention to qualifying expenditures, documentation, withholding (loan outs/1099s) and deadlines.

The reinstatement of Georgia’s post-production tax credit is a major development. It restores an incentive for work that had been less fully supported under prior rules and underscores Georgia’s recognition of how central post-production, visual effects, and editing are to modern film and television.

This link  below to Bankablebites, provides the details and breaks down what’s new, what producers and tax attorneys should watch for, and the key legal and compliance implications to know about.

Reemergence of Georgia’s Post-Production Tax Credit