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Bill to cap tax credits for Georgia film industry put on hold for revisions

ATLANTA, Ga. (CBS46) - A big development today in the effort to limit Georgia’s tax credit for the film industry.

The income bill passed [by] the Senate Finance Committee Tuesday. One section included placing a cap on the Georgia film tax credit at $900 million. The bill was headed to a full vote in the State Senate when it was sent back to the rules committee to be revised.

The move came after major pushback from people in the film industry.

Currently, Georgia’s film tax credit program offers more than $1 billion in tax credits.

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