Georgia lawmakers have rejected a bill that would have limited how much the state can spend on tax incentives for film and TV production, reaffirming the increasingly popular production hub's position as one of California's biggest rivals. The legislation died this week in the Senate after easily passing through the House in February, according to the Associated Press.
However, the Senate Finance Committee effectively eliminated the proposed credit ceiling last week by amending the bill to curb annual spending to 2.3% — or about $830 million — while exempting major studio productions from the cap. In practice, such a law would have probably changed nothing — as $830 million would have been more than sufficient to cover smaller, independent productions, while big studio players such as Netflix and Marvel would have been exempt.