New legislation will provide tax credits to Georgia’s music industry.
Georgia representatives are interested in transforming not only the film industry but also the music industry. According to reports, State rep. Bert Reevies (R- Marrietta) has intorudced legislation to provide tax breaks to music-related businesses.
Reeves said the mission of the bill is to transform Georgia into a music and entertainment hub, much in the same way that similar legislation has created booming film and TV industry.
Currently, the music industry generates over $3 billion in annual revenue.
“I’m proud of Georgia’s rich musical heritage,” Reeves said in a press release. “As a performing musician for more than 15 years, I know there is a great music scene, which provides a foundation for something big. With some focused efforts, we can build on the musical infrastructure already in place to lift the music industry to new heights.”
The new piece of legislation is supported by Georgia Music Partners, an authority related to promote and grow the state’s music industry.
“Georgia has a rich legacy of supremely talented artists, from Otis Redding to R.E.M. to Alan Jackson and the Allman Brothers Band,” said Mala Sharma, GMP’s co-president. “House Bill 956 will foster exponential growth of music in our state while also promoting significant job creation.”
The bill’s supporters will take the opportunity on March 2 — Georgia Music Day — to push for passage of the legislation.
