NJ A344

A-list performing artists who perform live at least four times per taxable year within the Atlantic City Tourism District qualify for a gross income tax credit on income from those performances and any other New Jersey performances

The Secretary of State must annually review and determine which entertainers and athletes qualify as "A-list" based on national rankings of live performance demand in major venues and pay-per-view media

Eligible performers include musicians, singers, dancers, actors, comics, and professional athletes participating in organized sporting events to entertain spectators

The tax credit effectively provides a 100% state income tax exemption, calculated at the taxpayer's highest marginal rate, and requires prior written authorization from the Director of the Division of Taxation

Live performance contracts must be entered into within five calendar years of the bill's enactment, with the law applying retroactively to taxable years beginning on or after January 1, 2015