Georgia's tax credit program has attracted production companies to the state, and led it to top the list of popular domestic filming locations. The program provided $925 million in incentives to production companies from 2009 to 2014, the most given to any industry, according to a study by Georgia State University.
By meeting certain standards, the production companies can earn tax credits up to 30 percent of what they spend in the state. And what they can’t use to defer their own taxes, since many of the companies are not based in Georgia and have little tax liability, they can sell to other taxpayers for cash at upward of 90 cents on the dollar.
The GSU study estimates the tax credit program will cost $376 million this year.
Pat Wilson, Georgia’s top economic development official, said new businesses have migrated to Georgia to support the industry, including ones that don’t qualify for state incentives.
Deal’s office estimates that the $2.7 billion in film spending equates to a $9.5 billion boost to Georgia’s economy.
Georgia’s film infrastructure also expanded this year, adding Three Ring Studios in Covington to the list of production studios. It will accommodate larger productions with capacity for multiple film projects, according to the news release.
Upcoming movies and television productions filmed in Georgia include:
- "Logan Lucky" starring Daniel Craig, Channing Tatum and Sebastian Shan, opens Aug. 18.
- "The Silent Man" starring Liam Neeson and Diane Lane, opens Sept. 29.
- Season two of "Stranger Things" on Netflix, airs Oct. 31.