Alerts8.5.20
Georgia Gov. Kemp Introduces Changes to the State’s Film Tax Credit
Highlights
Georgia Gov. Brian Kemp signed House Bill 1037, which requires mandatory audits of film tax credits
These audits can be conducted by third-party CPAs who meet certain criteria, the bill says
The bill removes the right of recapture by the state of any tax credits that undertake the new audit process and clarifies many related rules
On Aug. 4, 2020, Georgia Gov. Brian Kemp signed House Bill 1037, alongside its sponsors, Georgia Rep. Matt Dollar and Sen. Chuck Hufstetler.
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