S.2080

New Jersey S2080 revises the film and digital media content production tax credit program, adjusting tax credit limits and eligibility criteria.

New Jersey S2080 amends the film and digital media content production tax credit program, setting new annual limits on tax credits for different categories of taxpayers. It establishes a cap of $11.5 billion over nine years for all tax credits. The bill also modifies eligibility criteria for New Jersey studio partners and New Jersey film-lease production companies, including requirements for production facility occupancy and expenses.