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NJ S4392
Bill
Status
5/19/2025
Primary Sponsor
Joseph Lagana
Click for details
AI Summary
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Amends New Jersey's Garden State Film and Digital Media Tax Credit Program to add a new eligibility requirement for productions seeking tax credits
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Requires all original music and original musical scores developed for film or digital media content productions to be produced and recorded domestically within the United States or its territories
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Applies to both film production tax credits (35-40% of qualified expenses) and digital media content production tax credits (30-35% of qualified expenses)
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Takes effect immediately and applies to privilege periods and taxable years beginning on or after January 1 following enactment
Legislative Description
Revises film and digital media content production tax credit program to include requirement for production of domestic original music and musical scores.
2nd Reading in the Senate
Last Action
Reported from Senate Committee, 2nd Reading
6/12/2025