Contact Us
Make My Homepage

NJ Movie and TV Tax Credit Bill Advances [AUDIO]

We could soon be hearing more directors yelling “action” in New Jersey. A Senate committee has approved a bill to provide tax credits to movie and television companies that shoot scenes in the Garden State.

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

(Haider Yousuf, ThinkStock)

“I think this will be a great revenue generator because when a film crew comes or a TV crew they bring along people who go to local restaurants (and) order food from local caterers,” said bill co-sponsor, Senate Democratic Leader Loretta Weinberg (D-Teaneck). “This puts in up to $10 million to use for tax credits.”

A competing bill would also offer tax credits, but would not put any limit on the amount that could be offered. That measure is also expected to include a test to ensure the credits will actually produce revenue for the state. Weinberg said her bill already has that.

“The film company doesn’t get the tax credit until after they’re finished filming and can fill out forms to show what kind of impact they had on the local economy,” Weinberg said. “We’re putting an extra level of regulation on film companies which I think safeguards what this bill will do in New Jersey.”

The state may still have a long way to go before being truly competitive with our neighbors. New York currently offers more than $400 million in credits.

Best of NJ 101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.