Category Archives: Blog

New Jersey Revives Film Tax Credit

Posted by:Beth Peterson

New Jersey Revives Film Tax Credit Governor Phil Murphy has revived the film tax credit in New Jersey, signing Senate Bill No. 122 into law just before the 4th of July break.    Like its predecessor, the new program awards tradeable tax credits–in the amount of 30-35% of qualified expenses–to eligible film, TV and digital media companies. …

Positive Changes to Puerto Rico’s Film Tax Credits

Posted by:Beth Peterson

The Puerto Rico Film Act, which provides tax incentives for film productions and was set to expire on June 30, 2018, was extended by the Puerto Rico Legislature until June 30,2019. Additionally, Puerto Rico’s Fiscal Agency and Financial Advisory Authority (“AAFAF”) issued Administrative Order 2018-10, derogating previously issued administrative orders.  Said Order has the effect…

NEW JERSEY: NJ Lawmakers want more tax breaks for movie & TV studios

Posted by:Kenneth Blaine

NJ lawmakers want more tax breaks for movie, TV studios TRENTON — Lights. Camera. Legislative action. The state Senate’s Economic Growth Committee today approved a bill intended to make New Jersey more attractive to film and video production companies by expanding a tax credit program. The bill (S1952) would remove a $10 million limit on…

NEW JERSEY: NJ Advances Production Tax Incentives Bill

Posted by:Kenneth Blaine

New Jersey Advances Production Tax Credit Incentives Bill After hearing from film and television honchos as well as university administrators, members of New Jersey’s Senate Economic Growth Committee advanced a bill that could increase the state’s movie, TV and digital media production tax credit incentives. The committee chaired by state Sen. Raymond Lesniak (D-Union) heard…

FLORIDA: Film incentive money fails to make state budget

Posted by:Kenneth Blaine

A move to provide more financial incentives for Florida’s film and television industry has collapsed in the final days of the legislative session. “It looks like we’re dying on the one-yard line,” said Senate Commerce and Tourism Committee Chairwoman Nancy Detert, R-Venice. Detert had amended the Senate budget bill to include $20 million in tax…

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