Biggest Georgia Legislation of 2021: Midyear Report
Robb Willis, a founder and chairman of Troutman Pepper Strategies, and Max Turner, legislative analyst with Troutman Pepper Strategies, are quoted in the Law360 article, " Biggest Georgia Legislation of 2021: Midyear Report."
"Everybody can operate without fear of undue lawsuits and liability," Troutman Pepper Strategies Chairman Robb Willis, who lobbies on behalf of business interests, said of the law.
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The main focus of the measure is to ensure that the state is getting something in return for the tax credits, Willis of Troutman Pepper Strategies said. If a legislative audit shows little return for the money, lawmakers can do away with the tax credit, he said.
"In theory, they can repeal these tax cuts," Willis said of S.B. 6. "It's viewed as a very good oversight regulatory function."
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The success of the industry means those tax credits are likely to be safe, said Max Turner, a legislative analyst with Troutman Pepper Strategies.
"The general consensus on the film tax bill is … it has huge returns on that investment," Turner said.