NJ A4382

Amends New Jersey's Garden State Film and Digital Media Tax Credit Program to require that all original music and original musical scores created for film and digital media productions must be produced and recorded domestically within the United States or its territories

Applies the domestic music production requirement as a new eligibility condition for both qualified film production expenses (35-40% tax credit) and qualified digital media content production expenses (30-35% tax credit)

Productions that fail to meet the domestic music recording requirement would be ineligible for the tax credits, which can total up to $100 million annually for standard taxpayers and $150 million for New Jersey studio partners

Takes effect immediately and applies to privilege periods and taxable years beginning on or after January 1 following enactment