Assembly Commerce, Economic Development and Agriculture Committee Statement to Assembly, No. 4382 (January 5, 2026)

Summary

A committee statement to the New Jersey Assembly, No. 4382, from the Assembly Commerce, Economic Development and Agriculture Committee, dated January 5, 2026. The committee reports Assembly Bill No. 4382 favorably. 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. It adds a requirement that all original music and original musical scores developed for the production be produced and recorded domestically in the United States or any of its territories.

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ASSEMBLY COMMERCE, ECONOMIC DEVELOPMENT AND
           AGRICULTURE COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 4382

       STATE OF NEW JERSEY
                          DATED: JANUARY 5, 2026

          The Assembly Commerce, Economic Development and
      Agriculture Committee reports favorably Assembly Bill No. 4382.
          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.
          This bill was pre-filed for introduction in the 2024-2025 session
      pending technical review. As reported, the bill includes the changes
      required by technical review, which has been performed.


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