Trouble in Paradise?
The new year has begun, but it may not be all rainbows and butterflies in Georgia.
According to an article on Project Casting’s website, Governor Nathan Deal may be facing opposition to Georgia’s current tax incentive.
Deal gave a speech envisioning the future of Georgia at a corporate leaders breakfast earlier this week, but his speech was met with opposition. In article in the AJC, Deal was quoted saying he is ‘committed to protecting the film tax credits that make this type of blockbuster economic impact possible;’ however, other Georgia politicians feel that the incentives are burdening other economic sectors.
While Deal is in favor of the film tax credits he is also planning on tacking on new fees and taxes to fund improvements in transportation. Deal envisions the new taxes to not only build new highways, but also maintain more roads and bridges.
The current film incentives have brought numerous projects to Georgia in the past few years including projects that are here now. It is important for the opposing politicians to look at economies of neighboring states before they make a radical decision.
Not only has the film and television industry brought in high revenue, but the industry has also provided jobs for thousands of Georgians.