Some Georgia lawmakers are having second thoughts about limiting the value of the state’s lucrative film tax credit. The Senate Finance Committee voted narrowly on Wednesday to rewrite parts of House Bill 1180, which is aimed at creating limits. The bill would still require moviemakers to spend more in the state to max out the film tax credit.
But it would exempt movies mostly made at large studios in Georgia from a proposed cap on how many tax credits could be cashed in by selling them to others. The measure moves on to the full Senate for more debate, and if it passes there, senators would have to work out their differences with the House before Georgia’s legislative session ends next week.
