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new jersey ENACTED LEGISLATION (Signed By The Governor) June 30, 2010 New Jersey has temporarily suspended the film incentive in order to reduce spending and allow the State Treasurer to evaluate the effectiveness of the current program. This effectively reduces the annual cap on the film incentive from $10M per fiscal year to $0 for fiscal year ending 06/30/2011. However, the suspension is only limited to the authorization of new credits in fiscal year 2011. As a result, this bill would not affect the carryover of unused film and digital media tax credits allowed in a previous year. For more information please contact: Joe Bessacini |
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