New Jersey governor boosts film tax credit scheme
New Jersey’s tax incentive programme is set to expand under the stewardship of governor Phil Murphy. The new legislation will increase the state’s support cap from USD10 million to USD30 million. The scheme also promises to augment the state’s entire production tax incentive programme by an additional USD100 million over the next few years. These recent developments represent important efforts to entice more film and television production to the Garden State.