"Georgia House Passes Bill to Limit Film Tax Credits and Criminalize Squatting"

The Georgia House has passed a bill capping annual film and TV production tax credits, impacting non-Georgia based companies and producers who sell or transfer credits to local individuals or businesses. The cap won't apply to Georgia-based producers. The bill, heading to the Senate, aims to provide predictability in revenue and ensure the tax credit's long-term sustainability, but faces opposition from those concerned about its impact on job creation and smaller productions. If signed into law, the changes would take effect in 2026, limiting annual tax credit transfers to 2.5% of the state budget, with opponents fearing it could discourage production and limit opportunities for young people in film programs.