Requires annual competitive tax credit auctions; dedicates proceeds to NJ Civic Information Consortium and public broadcasting system; reduces tax credits available for certain film productions; appropriates $15 million.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill requires New Jersey to hold annual auctions for tax credits, dedicating the proceeds to the NJ Civic Information Consortium and public broadcasting. It also reduces certain film tax credits and appropriates $15 million. The bill aims to shift funding priorities and potentially streamline the film tax credit program.
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