Film Tax Credit a Net Loss to Georgia

From the Henssler Financial Studio this is your news minute on the Marietta Daily Journal Podcast presented by Engineered Solutions of Georgia. Today is Wednesday, December 20th, and I'm Keith Ippolito.

Film Tax Credit a Net Loss to Georgia

Georgia's film tax credit program is reportedly causing a financial loss for the state, according to a recent evaluation by the Department of Audits and Accounts. The study aligns with other state findings on film tax incentives. These results come as state lawmakers prepare recommendations on tax breaks as economic drivers. Despite wide support in certain sectors, skepticism remains, with $4.1 billion in unclaimed tax credits. Critics argue that the money could be better spent elsewhere, such as lowering income tax rates. The report also notes that for every $1 of net labor income supported by the film tax credit, $24.44 in credits are generated.

For more news about our community, visit mdjonline.com. For the Marrietta Daily Journal Podcast, I'm Keith Ippolito.

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