HB486: Income tax; expenditures for certain purchases of licenses to use certain musical compositions shall be eligible for tax credit; provide

Legislative Summary

A BILL to be entitled an Act to amend Code Section 48-7-40.26 of the Official Code of Georgia Annotated, relating to an income tax credit for film, gaming, video, or digital production in Georgia, so as to provide that expenditures for certain purchases of licenses or rights to own or use certain musical compositions and sound recordings shall be production expenditures that are eligible for the tax credit; to provide for definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.