Based on input from GPP, GSEC, the DOR entertainment industry advisory council and MPA, the Georgia Department of Revenue has updated its earlier guidance cutting off COVID-19 testing and other safety expenses on August 1, 2021. Under the new guidance issued today, productions that were in principal photography prior to August 1, 2021 are grandfathered under the old rules until November 1, 2021. It is possible the November 1 deadline will also be extended based on continuing industry input. For more information, click here.
Bennett Thrasher has the expertise you need to ensure your film tax credit audit is performed efficiently and follows all procedures. We are already performing mandatory film tax credit audits in Georgia and look forward to continuing to help production companies with this important task. To learn more about our services, please contact Peter Stathopoulos, Partner and leader of our firm’s Entertainment practice, by calling 770.396.2200.