NEW JERSEY

PROPOSED LEGISLATION (Still in the House or Senate)

May 31, 2010

The Senate recently introduced a bill in New Jersey which would make the state film incentive program more competitive with other states.  The proposed legislation increases the amount of the nonrefundable tax credit from 20% to 25% of qualified expenditures, and increases the annual cap from $10 million dollars to $50 million dollars in fiscal year 2011 and each fiscal year thereafter.  Insurance companies would also be added to the pool of potential purchasers of tax credit transfer certificates from production companies who do not have a sufficient tax liability against which to apply their tax credits.    

For more information please contact:

Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427
jbessacini@castandcrew.com

RETURN TO INCENTIVES UPDATES PAGE

Copyright © 2009 Cast & Crew Entertainment Services, LLC. All Rights Reserved.