{"id":22,"date":"2024-02-29T18:54:14","date_gmt":"2024-02-29T18:54:14","guid":{"rendered":"https:\/\/ucnj.org\/film\/?page_id=22"},"modified":"2024-04-22T17:21:11","modified_gmt":"2024-04-22T17:21:11","slug":"tax-incentives","status":"publish","type":"page","link":"https:\/\/ucnj.org\/film\/tax-incentives\/","title":{"rendered":"Tax Incentives"},"content":{"rendered":"\n<div class=\"wp-block-cover alignwide\"><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\"><\/span><img decoding=\"async\" class=\"wp-block-cover__image-background wp-image-107427\" alt=\"\" src=\"https:\/\/ucnj.org\/wp-content\/uploads\/2024\/01\/image-4-900x264.png\" data-object-fit=\"cover\"\/><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size wp-block-paragraph\"><strong>The information below is from\u00a0<a href=\"https:\/\/www.nj.gov\/state\/njfilm\/incentives-credit.shtml\">the NJ Motion Picture &amp; Television Commission<\/a><\/strong><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-columns alignwide tw-cols-card tw-cols-card-shadow is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-secondary-background-color has-background\"><strong>30-35% Tax Credit, +2% or 4% Diversity Bonus<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">The New Jersey Film &amp; Digital Media Tax Credit Program provides a transferable credit against the corporation business tax and the gross income tax for certain expenses incurred for the production of certain films and digital media content in New Jersey.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The goal of the program is to incentivize production companies to film and create digital media content in New Jersey.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-secondary-background-color has-background\">The Film Tax Credit Application Is Available Online<\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.nj.gov\/state\/njfilm\/assets\/pdf\/2020-0131-film-tax-credit-law.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download NJ Tax Credit Program for Film and Digital Media&nbsp; \u2013 Full Law<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.nj.gov\/state\/njfilm\/assets\/pdf\/2023-0517-film-tv-tax-credit-overview.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Highlights of Tax Credit Program for Filmmakers<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.nj.gov\/state\/njfilm\/assets\/pdf\/Film-Tax-Credit_FAQ-090823.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Frequently Asked Questions \u2013 New Jersey Economic Development Authority<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.state.nj.us\/treasury\/taxation\/digitalmediajobs.shtml\" target=\"_blank\" rel=\"noreferrer noopener\">Link To Frequently Asked Questions \u2013 New Jersey Division of Taxation<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.njeda.com\/film\/\" target=\"_blank\" rel=\"noreferrer noopener\">Application Forms and Additional Information<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.nj.gov\/state\/njfilm\/assets\/pdf\/FilmTaxAUP2022.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Agreed Upon Procedures for CPA Verification Report<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.nj.gov\/state\/njfilm\/regulations-registering.shtml\">Click here for more information about forming or checking the status of a business in New Jersey<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Should you require additional information, please call at 973-648-6279.<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-secondary-background-color has-background\"><strong>30-35% Tax Credit, +2% or 4% Diversity Bonus<\/strong><\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">New Jersey, in an effort to create a more inclusive workforce, offers an additional incentive (2% or 4%) to productions that meet certain diversity criteria. Developed to align with wider industry initiatives, the Diversity Bonus aims to increase diversity onscreen (the actors involved, the content of stories) and behind the cameras (the composition of the crews, the diversity of companies involved in production). This initiative helps to ensure that opportunities are available to qualified New Jersey residents of all backgrounds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For more information on the Diversity Bonus visit&nbsp;<a href=\"https:\/\/www.njeda.com\/film\/\">the New Jersey Economic Development Authority\u2019s website<\/a>&nbsp;(taking special note of the Diversity tab)<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.njeda.com\/wp-content\/uploads\/pdfs\/Diversity-Plan-Form-v2.pdf\">Form A \u2013 Diversity Plan<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.njeda.com\/wp-content\/uploads\/pdfs\/Diversity-Tracking-Sheet-Form-B.pdf\">Form B \u2013 Diversity Tracker<\/a><\/li>\n<\/ul>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h4 class=\"wp-block-heading has-secondary-background-color has-background\">Questions<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Contact the New Jersey Motion Picture &amp; Television Commission or the New Jersey Economic Development Authority at at 973-648-6279.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>30-35% Tax Credit, +2% or 4% Diversity Bonus The New Jersey Film &amp; Digital Media Tax Credit Program provides a transferable credit against the corporation business tax and the gross income tax for certain expenses incurred for the production of certain films and digital media content in New Jersey. The goal of the program is&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/template-full-width.php","meta":{"_crdt_document":"","footnotes":""},"class_list":["post-22","page","type-page","status-publish","hentry"],"publishpress_future_action":{"enabled":false,"date":"1970-01-01 00:00:00","action":"","terms":[],"taxonomy":"","browser_timezone_offset":0},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/pages\/22","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/comments?post=22"}],"version-history":[{"count":0,"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/pages\/22\/revisions"}],"wp:attachment":[{"href":"https:\/\/ucnj.org\/film\/wp-json\/wp\/v2\/media?parent=22"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}