GA HB1414

Nonresidents who receive residual payments from work on Georgia state certified productions (as defined under the Georgia Entertainment Industry Investment Act) would be classified as taxable nonresidents, with all such residual income subject to Georgia income tax whether received within or outside the state

Foreign and domestic corporations deriving income directly or indirectly from the sale, use, or lease of any state certified production for which a tax credit was claimed under Code Section 48-7-40.26—or any intellectual property derived therefrom—would be subject to Georgia taxation regardless of where the income originated

Beginning July 1, 2022, production companies must permanently register and locate all intellectual property associated with a state certified production in Georgia for income tax purposes as a condition of claiming the entertainment tax credit

Production companies, their successors, assignees, and any entity taking an ownership stake in the certified production would be subject to Georgia tax on all income from the sale, use, or lease of property rights connected to that production

Effective upon the Governor's approval and applicable to taxable years beginning on or after January 1, 2022