The Georgia film tax credit program includes Georgia production incentives for up to 30% of Georgia-based production expenditures in transferable tax credits. At KPM Film Credit Advisors, we are a CPA and business-consulting firm that offers full business and tax services. Below you can find more information about Georgia film tax credits and how KPM Film Credit Advisors can help you.
Georgia Film Tax Credits and Information
|Type of Incentive||Tax credit; non-refundable; transferable; 5 year carry forward|
|Benefit Details||20% of spend in state, with additional 10% for qualified Georgia promotion|
|Minimum Local Spend||$500,000|
|Loan-Out Company Considerations||Production company must withhold 6% Georgia tax from payments made to loan outs in order for such payments to qualify for the film tax credit. Loan out companies must register with the Georgia DOR and file corporate/individual taxes in the state. Loan out’s failure to comply shall not affect the film tax credit claimed by the production company.|
|Additional Exemptions||Sales & Use Tax Relief Available|
|Qualified Production Expenditures||Incurred in State; In-State Vendors; Fringes Paid for Qualified Labor; Taxes Paid for Qualified Labor. Contact us for more details.|
|Qualified Labor||Resident and Nonresident; Above the Line and Below the Line. $500,000 cap for employee labor paid on W-2. Loan outs and independent contractors not subject to cap. Contact us for more details.|
|Film Commission||Georgia Film, Music & Digital Entertainment Office
75 Fifth Street, NW, Suite 1200
Atlanta, GA 30308Lee Thomas
Learn more about Georgia Film Tax Credit
KPM Film Credit Advisors know the film tax credit business and has worked with all of the major studios and independent filmmakers as well as the Georgia Film, Music & Digital Entertainment Office. KPM can help you through the exciting process of producing a new filming GA and we will take the time to walk you through the process of claiming your Georgia film tax credits. Contact us at (781) 849-5357 for more information today!
NOTE: This content has been prepared by Kevin P. Martin & Associates, P.C. for informational purposes only and should not be construed as tax advice or relied on for specific projects. Though every effort has been made to remain current, laws and incentives change and, therefore, this information may have been revised. Please contact us to confirm any laws or the effect of incentives on your project.