Todd Vaziri

“Between 2015 and 2022, Georgia paid out more than $5.2 billion in tax incentives for filming… State auditors published a report in December estimating that every dollar invested in the film incentive program was returning 19 cents in tax revenue.”

https://www.nytimes.com/2024/03/29/arts/georgia-film-tax-incentives.html?unlocked_article_code=1.g00.Gx_V.qfIarYEz5o3b&smid=nytcore-ios-share&referringSource=articleShare

A Georgia Town Basks in Bountiful Filming. The State Pays.

When movies are made in Thomasville, Ga., it welcomes celebrities and an infusion of cash. But the financial incentives that attract studios have cost the state billions.

The New York Times
Mar 31, 2024 at 3:00pmIvory for iOS
Show threadEric EggertMar 31, 2024
@tvaziri Wait a minute… that’s not how ROI is supposed to work!
Show threadFrançois de La BruèreMar 31, 2024
@tvaziri It sure does seem like every other movie I watch lately has the Georgia peach logo in the credits.
Quebec is another one I see a lot. Wonder how that’s going for them.
Show threadGed MaheuxMar 31, 2024
@tvaziri @Gte Is that good or bad, I can’t tell.
Show threadCraig HockenberryMar 31, 2024

@gedeonm @tvaziri @Gte 19 cents divided by 100 cents is 0.19 so that’s a 19% ROI. Which is good!

Also FYI for Todd and Guy: Ged is bad at math. This is not the first time for me 😄

Show threadGed MaheuxMar 31, 2024
@chockenberry @tvaziri @Gte Thanks! (As always)
Show threadLeonMar 31, 2024
@gedeonm @chockenberry @tvaziri @Gte I always thought it would have to get 119 cents back for 100 cents for it to be 19% ROI and a good investment but maybe for tax break type investments it’s measured differently.