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:
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.”
McGowan visited the New Jersey Motion Picture and Television Commission in Newark. The commission helps productions find shooting locations in New Jersey. The office’s walls are lined with posters of movies shot in the state, such as “The Dark Knight” series and “The Hunger Games.”
But the commission’s director says that major production had all but dried up when the tax credits were discontinued several years ago.
“The industry is just thrilled to death,” says director Steven Gorelick. “They’re just coming screaming into the state.”
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.
