The lack of a return on investment and job opportunities for locals explains why so many film tax credit states rarely last. That’s why Louisiana, Florida and North Carolina all got rid of their film tax credits in the past two years. And they are not alone.
Michigan and New Jersey ended their handouts earlier this summer, while Louisiana capped its subsidies—albeit after doling out more than $1 billion in the past five years. Arizona, Idaho, Indiana and Missouri have also either rolled back or shut down their programs in recent years.
But, Georgia’s film industry thrives off of film tax credits and according to a report by the AJC, Gov. Nathan Deal is facing an up hill battle to keep the film tax credits within the state of Georgia. But, the Governor of Georgia is not going to take it sitting down. “So let me state here and now that I am committed to protecting the film tax credits that make this type of blockbuster economic impact possible,” Gov. Nathan Deal said.
“So let me state here and now that I am committed to protecting the film tax credits that make this type of blockbuster economic impact possible”
If Georgia’s film industry does collapse due to the lack of film tax credit then it is extremely bad news for a state’s film industry is currently ranked third in the world, provides thousands of jobs to aspiring actors and is building a brand new film school for Georgia filmmakers.
