New Jersey’s 30-35% Film and Digital Media Tax Credit Program, which was signed into law in summer 2018, has approved its first round of productions. Four projects have been approved, two of which will receive the bonus allocated to productions with a diversity plan for hiring minority and women.
In response to a house bill that proposes an end to the Ohio Motion Picture Tax Credit, Ohio’s film community are lobbying to keep the 30% tax credit.
Targeting feature films, TV drama, animation and comedy series, the fund will provide investments of up to GBP500,000.
Launched in October, the rebate has received forty-one applications, four of which secured top tier 45% grants.
The new scheme surpasses the previous incentive by five percent and will apply to features and TV series.