GA HB1126

Creates a 15% income tax credit for production companies' qualified expenditures on state-certified musical or theatrical performances and recorded musical performances, with an additional 5% credit for expenditures in tier 1 or tier 2 counties

Covers live concerts, musical tours, ballet, dance, opera, and live variety entertainment that originates in Georgia or rehearses at least 7 days in Georgia with a U.S. debut in the state; also covers music recordings including film/TV/game scores

Sets aggregate annual caps on total credits: $2.5 million (2027), $5 million (2028), and $7.5 million per year (2029-2031), with no single production company allowed more than 20% of the annual cap

Caps individual employee salaries at $500,000 when calculating total aggregate payroll for credit purposes

Unused credits may be carried forward for 3 years or transferred/sold to other Georgia taxpayers; the act becomes effective January 1, 2027, and automatically repeals January 1, 2032