[Georgia] Tax Breaks for Video Game & Film Productions
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[Georgia] Tax Breaks for Video Game & Film Productions
Could Georgia become the latest destination state for video game developers and filmmakers?
Elected officials hope so.
As reported by the Macon Telegraph, Georgia’s House of Representatives unanimously voted yesterday to pass a bill extending tax incentives to movie and game production:
House Bill 1100 would give movie, TV and video game producers up to a 20 percent income tax credit on spending of at least $500,000, more than double the current 9 percent tax break.
Bill sponsor Rep. Ron Stephens (R) noted that Georgia lost out on the Ray Charles biopic, Ray, due to a superior incentive package offered by Louisiana.
Source: GamePolitics.com
Elected officials hope so.
As reported by the Macon Telegraph, Georgia’s House of Representatives unanimously voted yesterday to pass a bill extending tax incentives to movie and game production:
House Bill 1100 would give movie, TV and video game producers up to a 20 percent income tax credit on spending of at least $500,000, more than double the current 9 percent tax break.
Bill sponsor Rep. Ron Stephens (R) noted that Georgia lost out on the Ray Charles biopic, Ray, due to a superior incentive package offered by Louisiana.
Source: GamePolitics.com
Implications...
How do you think this type of legislation will affect students and professionals in the industry? Will it really pull in new developments, game studios, and research?
Everyone seems like they are at a loss for words...
I am a Computational Media major at Georgia Tech in Atlanta. I feel as though this type of legislation will bring more exposure and interest to this state in terms of gaming and development. There is already a wide network of students and professionals in the local academic community at other universities apart from Tech. Savannah College of Arts and Design and The Art Institute of Atlanta to name a few. As a student and an avid researcher I feel that we will benefit the most if this sort of policy is realized.
Knuckles- Posts : 6
Join date : 2008-03-07
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