Revises film and digital media content production tax credit program to include requirement for production of domestic original music and musical scores.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill amends New Jersey’s film and digital media production tax credit program to include a requirement for productions to incorporate domestic original music and musical scores. It adjusts the credit percentages for new productions and digital media content, with higher percentages for New Jersey studio partners. The bill also establishes limits on the total amount of tax credits that can be awarded annually and creates a process for transferring tax credits to other taxpayers. It includes provisions for independent audits and reporting requirements.
Bill text
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Document of record
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Sponsors
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2 on record
Primary sponsors
Joseph Lagana
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