Georgia Enacts Tax Breaks to Invite Entertainment Companies

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Georgia State SealThe U.S. State of Georgia has implemented a plan offering incentives to entertainment companies (including video game companies) doing business in Georgia.
The 2008 Entertainment Industry Investment Act (HB 1100), signed into law today by Governor Sonny Perdue, offers a 20% tax credit to qualified productions, and an additional 10% credit if the finished product includes an animated logo to promote Georgia. By "qualified," the state means productions that spend more than $500,000 in the state.

According to Ken Stewart, commissioner of the Georgia Department of Economic Development, "The new incentives will put Georgia among the top five states in the U.S. in terms of financial competitiveness for entertainment projects. We expect to see an increase in the number of industry jobs and overall economic impact for the state in the coming years."

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This page contains a single entry by Editor published on May 16, 2008 6:45 AM.

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