Courtesy of the Georgia Film Office:
In 2002, Georgia passed a Sales & Use Tax Exemption allowing feature films, television productions, commercials and music videos to take advantage of point of purchase savings in the form of a state tax exemption on many production related items. In the recent legislative session, however, new legislation, HB386, was passed and one of its provisions was to end the Sales & Use Tax Exemption for the film related projects. The effective date for this change is June 30th, 2012. Consequently, all applications submitted in May and June will have an end date no later than June 30, 2012. If you have already been granted a Letter of Exemption, it too will expire on June 30, 2012, even if it was previously given a later end date.
This does not affect the 30% tax credit program. The change is only for the point-of-purchase Sales & Use Tax Exemption program.
Thank you for choosing Georgia.
Additional article courtesy of EP Incentive Solutions: Georgia Legislature Ends on a High Note by Siding with Music Industry on Entertainment Tax Credit Amendment
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