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  • O.c.g.a. 48-7-40.26

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PRINT CLEAR G2-FP (Rev 12/12) O.C.G.A. 48-7-40.26, the Film Tax Credit, requires the Production Company or Qualified Interactive Entertainment Production Company to withhold Georgia income tax at.

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Related content

O.C.G.A. § 48-7-40.26, the Film Tax Credit...
O.C.G.A. § 48-7-40.26, the Film Tax Credit, requires the Production Company or Qualified...
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Georgia Tax Credits - Center for State and Local...
Code Section: O.C.G.A. § 48-7-40.26. Effective: Taxable years beginning on or after...
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A production is required to spend a minimum of $500,000 in Georgia qualified expenditures to qualify for the film tax credit. Costs for pre-production, production, and post-production related to filming in Georgia are qualified expenditures.

Applications must not be submitted earlier than 90 days prior to the start of principle photography. The tax credit may be claimed once a minimum of $500,000 of qualified expenditures have been made and the tax credits have been certified with GDOR.

Our Job Tax Credit gives you a credit ranging from $1,250 to $4,000 per year for 5 years for every new job created. In certain areas, the credit can also lower your payroll withholding obligations. To qualify: The new jobs must be in a specific industry sector, such as manufacturing, distribution or data processing.

§ 48-7-42 - Affiliated entity defined; assignment of corporate income tax credit; carryover of unused credit; joint and severable liability. (C) Is the grantor or owner under a management agreement with a managing company of the project.

The Georgia taxable net income of an individual shall be computed pursuant to O.C.G.A. § 48-7-27. There shall be added to "net income" the amount of deductions reflected therein which resulted from transactions occurring in years in which the individual was not subject to Georgia income tax.

Any unused film tax credit, for the production company or any transferees, can be carried forward for three years from the close of the taxable year in which the film tax credit was issued its final certification. Film tax credits may not be carried back and applied against prior year's income tax liability.

Just as last year, single tax filers and married individuals who file separately could receive a maximum refund of $250, head of household filers could receive a maximum refund of $375, and married individuals who file joint returns could receive a maximum refund of $500, based on an individual or couple's tax ...

Any Georgian who was a full-year resident in 2020 and 2021 and who also filed a Georgia individual income tax return for 2020 and 2021 is eligible for the refund.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232