NJ S3275

Extends the film and digital media content production tax credit program through July 1, 2039, providing tax credits of 35-40% for qualified film production expenses and 30-40% for digital media content production expenses depending on taxpayer designation and location

Allocates $300 million in fiscal year 2025 for taxpayers other than New Jersey studio partners and New Jersey film-lease production companies, in addition to existing allocations of $250 million each for studio partners and film-lease production companies

Makes up to $100 million in additional digital media content production tax credits available annually starting fiscal year 2025 from funds designated for non-studio partner taxpayers

Requires loan out companies to be authorized to do business in New Jersey for applications submitted after the effective date in order for payments to qualify as eligible production expenses

Expands qualified digital media content production expenses to include post-production services at a 40% credit rate for work performed at New Jersey film-lease production facilities or by studio partners (minimum $500,000 threshold), and 35% for independent post-production companies