Georgia manufacturing executives are defending the tax incentives they receive. The testimony came before a legislative study committee that was formed to determine whether Georgians are getting a healthy return on the revenue that is lost due to tax credits and exemptions.
At the panel’s opening hearing in June, supporters of Georgia’s film tax credit – by far the most expensive tax incentive the state offers – defended it as a major contributor to the success story of the state’s film industry, which has grown exponentially since the credit was adopted in 2008.
On Wednesday, it was Georgia manufacturers’ turn to urge the committee not to tamper with tax credits and exemptions that have helped their industries expand their presence in the Peach State.
