Georgia Film Credit

Georgia allows taxpayers to buy unused tax credits from film studios doing work in Georgia and take the credit on their tax return. You buy at the market rate which is currently around 89 cents on the dollar so you can get a dollar of credit for 89 cents. You have to pay capital gains tax on the difference when you utilize the credit. If you buy too much film credit for the current year, you have a 5 year carryover to use it up.