New Jersey A3295 provides a tax credit for capital investments in film production facilities.

New Jersey A3295 provides a tax credit for capital investments in film production facilities. The credit is equal to 30 percent of the investment, which must be at least $30 million for a facility of at least 50,000 square feet with at least one sound stage. The credit can be claimed in the year it is earned or carried forward for up to seven years. The credit can also be transferred to another taxpayer, but not for less than 75 percent of its value. The total credits granted per year are capped at $100 million.

New Jersey A3295 provides a tax credit for capital investments in film production facilities.

New Jersey A3295 provides a tax credit for capital investments in film production facilities. The credit is equal to 30 percent of the investment, which must be at least $30 million for a facility of at least 50,000 square feet with at least one sound stage. The credit can be claimed in the year it is earned or carried forward for up to seven years. The credit can also be transferred to another taxpayer, but not for less than 75 percent of its value. The total credits granted per year are capped at $100 million.