New rules and a general reminder about a tax incentive that can increase cash flow for your business.
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Topics: Research & Development, R&D, Tax, tax credits, Uncategorized
In 2008 at the height of the recession, the state of Georgia introduced production incentives to help Georgia compete in the film industry. With many businesses experiencing potentially catastrophic financial situations, some turned to the film and television production business to stay afloat. By 2013, the film and television industries in Georgia had generated more than $4 billion and had been the driving force behind the continued success and livelihood of many in Georgia. Since then, Georgia has made quite a name for itself in the industry: it is now the No. 3 state for filming and Atlanta is the No. 1 place to live and work as a filmmaker (moviemaker.com).
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Topics: georgia department of economic development, georgia film industry, tax credits, Uncategorized