July 5, 2018 Comments Closed

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. …

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July 5, 2018 Comments Closed

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…

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April 18, 2018 Comments Closed

Tax Credits 101

Posted by:Beth Peterson

Tax Credits “101” TAX PLANNING/TAX SAVINGS: Many Fortune 500 companies purchase certificated state tax credits regularly as a part of their long term tax planning.  These credits allow Buyers to maximize tax efficiencies and save money on the bottom line, with no risk.  Most of the tax credits awarded under these programs are sold to…

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February 8, 2018 Comments Closed

GROW New Jersey Tax Credits Enhanced

Posted by:Beth Peterson

On his last day in office, NJ Governor Chris Christie  signed NJ S3305 into law, which benefits hundreds of companies participating in the GROW NJ tax credit incentive program. Under the new measure, income generated from the sale of GROW tax credits is not subject to corporate or partnership income tax.  In addition, buyers of these tax credits…

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November 21, 2017 Comments Closed

From Tax Credits International White Paper: Recommendations for Positive Changes to Puerto Rico Film Tax Credits

Posted by:Beth Peterson

Tax Credits International is working to recommend improving positive changes to Puerto Rico Film Tax Credits, as described in our white paper below. White Paper – Puerto Rico Tax Credits November 20, 2017 The purpose of this “white paper” is to set forth relevant information regarding Puerto Rico’s film credit program and include recommendations for…

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