New Jersey Public Broadcasting Authority to auction $20 million in tax credits annually, dedicating proceeds to civic information and public.

This bill mandates the New Jersey Public Broadcasting Authority to conduct annual competitive tax credit auctions, valued at $20 million, for State Fiscal Years 2027 through 2049. The proceeds from these auctions will be dedicated to the New Jersey Civic Information Consortium and the public broadcasting system. The bill also reduces the amount of tax credits available for certain film productions.

New Jersey Public Broadcasting Authority to auction $20 million in tax credits annually, dedicating proceeds to civic information and public.

This bill mandates the New Jersey Public Broadcasting Authority to conduct annual competitive tax credit auctions, valued at $20 million, for State Fiscal Years 2027 through 2049. The proceeds from these auctions will be dedicated to the New Jersey Civic Information Consortium and the public broadcasting system. The bill also reduces the amount of tax credits available for certain film productions.