Purchasing Georgia entertainment tax credits provides a significant low risk long-term strategy for reducing Georgia corporate and personal income tax liability.
Entertainment tax credits provide Georgia tax savings of approximately 10% to corporations and individuals purchasing credits.
Enactment of The Georgia Entertainment Industry Investment Act in 2008 implemented an up to 30% tax credit incentive with the purpose of expanding entertainment production expenditures in the state.
Since 2008 entertainment production expenditures in Georgia have grown to over $1.4 billion. Georgia is currently among the top three states in terms of entertainment production expenditures.
• Georgia tax savings of approximately 10% for corporations and individuals purchasing credits;
• at a very low level of short-term risk to the buyer.
The donation of a conservation easement that meets all statutory and regulatory requirements can be claimed as a charitable contribution deduction reducing federal tax liability.
Proscenium Capital was founded for the purposes of providing strategies and means by which qualified investors may prudently promote economic development and conservation policies put in place by state and federal governments.
Our principals have extensive legal experience in transactions and finance and broad involvement in matters of economic development policy.
Our clients and investors have played significant roles in the growth of the entertainment production industry in Georgia and contributed to the conservation of natural resources and preservation of scenic beauty.
We look forward to working with you.
The Internal Revenue Code (IRC) at § 170(h)(4)(A) specifies four deductible types of conservation easements:
- Preservation of land areas for outdoor recreation by, or the education of, the general public.
- Protection of a relatively natural habitat of fish, wildlife, or plants, or similar ecosystem.
- Preservation of open space (including farmland and forest land).
- Preservation of a historically important land area or a certified historic structure.
The donation of a conservation easement that meets all statutory and regulatory requirements can be claimed as a charitable contribution deduction.