A 3295
Provides CBT and gross income tax credit for certain capital investments in film production facility.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a corporate business tax (CBT) and gross income tax credit for certain capital investments made in film production facilities located in New Jersey. The credit is 30% of the investment and is available for investments made between July 1, 2020, and July 1, 2028. It also allows for the transfer of tax credits to other businesses, and establishes a limit on the total amount of credits that can be awarded annually.
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