Senate Commerce Committee Statement to Senate, No. 4392 (New Jersey, June 12, 2025)
Summary
Senate Commerce Committee Statement to Senate, No. 4392, State of New Jersey, dated June 12, 2025. The committee reports favorably Senate Bill No. 4392, which revises the Garden State Film and Digital Media Tax Credit Program. The program provides corporation business tax and gross income tax credits for expenses incurred for the production of certain films and digital media content. The bill adds an eligibility criterion for taxpayers whose productions include original music or original musical scores, which are to be produced and recorded domestically in the United States or any of its territories.
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“Senate Commerce Committee Statement to Senate, No. 4392 (New Jersey, June 12, 2025).”
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SENATE COMMERCE COMMITTEE
STATEMENT TO
SENATE, No. 4392
STATE OF NEW JERSEY
DATED: JUNE 12, 2025
The Senate Commerce Committee reports favorably Senate Bill
No. 4392.
The bill revises the Garden State Film and Digital Media Tax
Credit Program, which provides corporation business tax and gross
income tax credits for expenses incurred for the production of
certain films and digital media content. Specifically, the bill revises
the tax credit program to include an additional criterion for certain
film and digital media content expenses to be considered eligible
for the tax credit.
The bill adds a requirement to the tax credit program for
taxpayers that produce films and digital media content that include
original music or original musical scores. The bill requires all
original music and original musical scores developed for the
production of film or digital media content to be produced and
recorded domestically in the United States or any of its territories.
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