NJEDA Releases Revised Film and Digital Media Tax Credit Program Rules for Public Feedback
TRENTON, N.J. (December 5, 2023) – The New Jersey Economic Development Authority (NJEDA) is seeking public input on a revised set of rules for the Film and Digital Media Tax Credit Program. The program provides transferable credits against corporation business taxes and gross income taxes for qualified expenses incurred during film and digital media production in New Jersey, incentivizing increased production in the state.
WHAT: The document posted today is a draft of a revised set of rules for the Film and Digital Media Tax Credit Program, which will be presented to the NJEDA Board, with any final edits, for its review and consideration for approval. If approved, the rules will be effective upon filing with the Office of Administrative Law and the document will be concurrently published for the formal public comment period, as designated by the Administrative Procedure Act.
WHEN: Feedback must be submitted in writing no later than 3:00 p.m. EST on Tuesday, December 19, 2023. Written feedback can be submitted here.
To learn more about NJEDA resources for businesses, call NJEDA Customer Care at 844-965-1125 or visit https://www.njeda.gov and follow @NewJerseyEDA on Facebook, Twitter, Instagram, and LinkedIn.
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