Senate passes tax credits for video game producers

[private]The Senate voted 38-17 Thursday to agree with the final House version of HB 199, which provides tax breaks for video game and film post production companies similar to tax credits adopted earlier for TV and movie producers.

Sen. Chuck Hufstetler (R-Rome) balked at changes in the bill that increased some of the credits and said the legislature was handing out so many special interest tax breaks that it would be impossible to cut taxes for everybody.

“This is $75 million in tax breaks we’re giving out,” Hufstetler said. “We’re voting on a total of $588 million in tax credits today. We want to cut everybody’s taxes, but if we agree to all this stuff and go up to $600 million in tax breaks we’re just not going to be able to do that.”

“We ought to give everybody a tax break and not just a special few,” Hufstetler said. “I believe this is fiscal irresponsibility.”

Sen. Butch Miller (R-Gainesville) disagreed, calling the tax breaks “good for Georgia and good for the economy, and for the economy of rural Georgia.”

© 2017 by The Georgia Report


Tags: tax breaks