NEW JERSEY: NJ Advances Production Tax Incentives Bill

Posted by:Kenneth Blaine onMay 6, 2014

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 from advocates of bill S1952, also known as the “Garden State Film and Digital Media Jobs Act,” on Monday in Trenton.
The bill calls for increasing New Jersey’s tax credit offering, which is currently capped at $10 million per year.
Proponents included Start Media CEO Michael Maher, New Jersey Performing Arts Center exec producer David D. Rodriguez and Tax Credits’ Christine Peluso as well as professors from Rutgers University, Montclair State University and New Jersey’s Science and Technology University.

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