Georgia Requires Audits for Movie and TV Film Tax Credits
Briefly

(Update June 27, 2020) House Bill 1037, sponsored by Rep. Matt Dollar, R-Marietta, requires all productions located in Georgia to undergo mandatory audits by the Georgia Department of Revenue or third-party auditors chosen by the state.It will also place additional restrictions on how film companies could transfer or sell unused tax credits to other businesses.
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The Georgia film tax credit is arguably the world's most generous filming incentive in the entertainment industry.
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A Georgia state audit found the lack of oversight into Georgia's tax credit for movie and TV productions filming makes the film tax credit a conducive environment for fraud.
Georgia's film tax credit is popular among those working in the film industry but, it comes with a major cost, according to the AJC report.
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Companies received film tax credits they did not qualify, auditors claim.
Read at Project Casting
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