A tax break passed in 2005 has provided a big boost to Georgia’s film industry:
By the end of September, film, TV, commercial and music video productions had spent $285 million in Georgia on hotel expenses, catering, local hiring and more, nearly doubling the $146 million attained in all of 2005, according to the state Film, Video and Music Office. The office estimates that by the end of this month, the year’s economic impact could rise north of $300 million.
“I think the film industry here is on the verge. I really, really do,” says Will Packer of Marietta’s Rainforest Films, which produced “Stomp the Yard” for Sony. “It’s like the music scene was, you know, 15 years ago when OutKast and Jermaine Dupri were just getting started.”
Today, recording stars, studios, record labels and more add up to a $1-billion-plus a year industry.
Hmmm…. if a tax break helped the film industry, perhaps tax breaks for all industries would help everyone?