Another One Bites the Dust #2

[Walter Biscardi]

Hi Neil,

Thanks for all the information. We have been in contact with our CPA and one of the sweet things about Georgia is the 30% tax break for the media industry and our expansion will be able to take advantage of some of that. That’s the big reason why we have had something like 120 movies made here in the past two years, Screen Gems is opening sound stages and just yesterday another county announced the construction of sound stages. Georgia is just sweet on media production right now!

Walter Biscardi, Jr.
Editor, Colorist, Director, Writer, Consultant, Author, Chef.
HD Post and Production
Biscardi Creative Media

“Foul Water, Fiery Serpent” featuring Sigourney Weaver coming soon.

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[Neil Hurwitz]

Hi Walter,
I’m happy to contribute any way I can. Thanx
You bring up an interesting component to success that
till now hasn’t been mentioned, the effect of Local and
State level taxation on companies. I’ve spent my carrer
in NYC which I can only describe as Hostile to Business.
For example, Here in NYC we have a commercial rent/occupancy
tax of 7.5%. So if your rent is 5,000 per month you have to write
an additional check to NYC for 375.00 Every Month. This is on top
of the Real Estate tax the owner of the building pays.
If your company owns the building and pays no rent you
still pay the occupancy tax which is calculated by the gov’t
as if you were a rental tenant. It’s just nuts. I know of no other place that has this tax.
When my shop was going balls out
I lusted after the Sales Tax remittances,
lots of times it was greater than my salary and perks.
It seems to me that your home state
has identified a possible area of job creation/relocation and
has made an effort to go for it. I wonder if a Law and Order
Atlanta is in the works.

Neil Hurwitz