Georgia has one of the most generous tax benefits in the nation for Hollywood studios filming in the state.

Despite that, Hollywood studios are considering boycotting the state after it enacted restrictive voting laws earlier this year.

But a 2020 analysis from the state auditor shows how expensive that tax credit has been for Georgia.

From Bloomberg Law:

At least one Hollywood studio is pulling production of an upcoming movie out of Georgia in the wake of the state’s controversial new voting law, but the film industry leaving might not be as bad for the “Hollywood of the South” as people think.

In 2016 the state’s film tax credit program lost Georgia roughly $602 million in revenue according to the Georgia Department of Audits and Accounts, which issued two reports highlighting abuses of the incentive in 2020. The study bolsters critics who have for years questioned the state’s return on investment, and calls for increased oversight from lawmakers.