State Senator Chuck Hufstetler (R-Rome) is not a big fan of Georgia’s film tax credit – at least the way the tax credit is structured now.  A recent audit conducted by the Georgia State University Fiscal Research Center said that Georgia is losing money on the tax credits and the jobs that are created don’t make up the difference.

Hufstetler is the leading critic in the General Assembly of the state’s film tax credit.

Hufstetler has proposed putting a $900 million-a-year cap on the fast-growing credit. Under pressure from industry lobbyists, Senate leaders backed away from that proposal after it passed Hufstetler’s committee near the end of the 2022 session.

About 97% of the credits are sold by film companies that pay little in Georgia taxes. Snatching them up are people or companies that owe state taxes, according to state auditors. Most of the credits are bought by individual taxpayers, the audit said.

Hufstetler says that instead of massive tax credits for firms outside the state, the state government should be looking at income tax cuts for Georgia residents.