This past July, New Jersey Governor Phil Murphy signed into law tax credits worth 35-percent of $1 million plus of a production’s state tax spends. (New York’s state tax set aside runs 30-percent in NYC and the immediate area with 35-percent available upstate.)
This reinstated tax credits that Gov. Christie’s administration revoked.
News 12 New Jersey recently covered producer’s response to the reinstatement of the tax credit:
NEWARK -Television and movie producers say that filming their projects in New Jersey is a viable option once again thanks to new tax credits. Producer Gretchen McGowan says that her upcoming feature film is set in the Pacific Northwest. But she says that she is looking to shoot parts of it in the Garden State. “I’ve been waiting for this tax credit to be initiated,” she says. “I’m thrilled.”
Read the full article on the News 12 New Jersey website by clicking here (there’s also a short video report in rotation on the page).
To read details about the available financial incentives for filmmakers, click here to reach the relevant page on the New Jersey Dept of State website.
