Georgia Film Credits are a great way for you to save tax money

Many of you may be aware that Georgia now ranks third in the world in film location production behind only California and Connecticut according to the publication P3. This is in large part due to the generous tax credit the state offers to production companies. This upswing in film activity adds new jobs in the state and spurs tourism.

The really great news to our clients, though, is you can also benefit from this activity. State law allows this tax credit to be transferred from the production company (which usually has no taxable income) to a Georgia taxpayer. The credits sell at a discounted rate which vary but typically range between 8% and 15%.

As an example, if your Georgia income tax is $10,000, you may be able to purchase a tax credit for $9,000 (assuming a 10% discount) and offset the entire $10,000 tax. You save $1,000. We are currently working with several companies to assist in the transfer of the credits to our clients.

Sound too good to be true? It's not. Contact us for more information if you want to save money. The available credits are limited so you don't want to miss out on this opportunity.