(Media release from the Georgia Senate Press Office):
On Wednesday, October 4, 2023, the Joint Tax Credit Review Panel, Co-Chaired by Senator Chuck Hufstetler (R – Rome) and Representative Shaw Blackmon (R – Bonaire), conducted its fourth meeting at Athens Technical College in Athens, Georgia. The panel heard testimony from a range of industry experts who provided a comprehensive review of Georgia’s film tax credit.
“After hearing from experts on Georgia’s film tax credit incentives, it is evident that the film tax credit impacts our state, local economies and businesses large and small,” said Sen. Hufstetler. “We have received insightful testimony from various presenters about the legislative history and details of the tax credits. They also offered recommendations for enhancing the film tax credits in the future. However, as legislators we must prioritize transparency, make smart financial decisions and ensure Georgia remains competitive. We must also analyze the fiscal ROI (Return on Investment) of all our credits. I want to thank our witnesses, panel members and Athens Technical College for hosting this meeting and I look forward to continuing the analysis of our state tax credits.”
Testimonies came from the Georgia Department of Revenue, Bennett Thrasher, a Cobb County-based accounting firm, Americans for Prosperity, Olsberg, SPI Ltd, a London based business management consultant, Trilith Studios, Gray TV Assembly Studios and Georgia State University.
The archived video from the October 4, 2023 meeting can be found here.
