Georgia Music Partners (GMP) congratulates Representative Amy Carter (R. Valdosta, GA) and the Georgia House on successfully introducing and advancing the Georgia Music Investment Act (House Bill 155) through the Georgia State House of Representatives by a vote of 157-11. The legislation is expected to boost the music industry in this state, just as other incentives have expanded the film and TV industry. The bill has passed the Senate Income Tax Subcommittee unanimously and is waiting for a hearing in the full Senate finance committee.
“Representative Amy Carter has done a masterful job in building consensus within the house and in the process, putting the state in a position to unlock tremendous potential between music, live entertainment and film/TV,” said Georgia Music Partners Legislative Affairs Chair Mala Sharma.
The bill will act as a tax incentive that will create more than 10,000 new job opportunities for Georgia’s diverse music industry by attracting recording and scoring projects as well as live tour rehearsals. The music industry currently generates $3.7 billion in annual revenue for Georgia. The Bill is supported by Georgia Music Partners along with nearly 200 other music businesses both inside and outside of the state.
The bill was introduced and is sponsored by Rep. Amy Carter (R – Valdosta). Co-sponsors are Rep. Bert Reeves (R – Marietta), Rep. Matt Hatchett (R – Dublin), Rep. Spencer Frye (D – Athens), Rep. Lee Hawkins (R – Gainesville), Rep. Ron Stephens (R – Savannah) with support from Sen. Jeff Mullis (R – Chickamauga).