NEW JERSEY

An additional 2% on all qualified production payroll when the application is accompanied with a diversity plan, the plan is approved, and the New Jersey Economic Development Authority (NJEDA) has verified the production has met or has made good faith efforts in achieving the goals in the plan OR an additional 4% on all qualified production expenses when the 2% diversity plan requirements are met, and the plan outlines specific goals that include hiring certain persons as performers.

Base credit: 30% on all qualified expenses for goods and services used within a "30-mile radius" of Columbus Circle.

35% credit for qualified goods and services used outside this radius or in the designated southern counties (if production occurs in Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, or Salem counties).

2% or 4% Uplift: Available on qualified production expenses if accompanied by a diversity plan approved by NJEDA, which must verify good faith efforts toward diversity goals.

Principal photography must begin within "180 days" of the original application date or "150 days" from the date of approval by NJEDA.

Applications are considered on a "first come, first served" basis.

Individual: Not Required

Loan-out: 6.37%

(A) NJ studio or film-lease production companies earn 40% of qualified wages and salaries and 35% on nonpayroll spend within the 30-mile zone and 40% on nonpayroll spend outside the 30-mile zone.

(B) To be eligible to apply for the Studio Partner designation, the applicant must be a production company that has site control of a production facility that is at least 250,000 square feet for at least 10 years

(C) Additional Information on Reality TV

Reality television shows qualify for tax credits only if the production company has owned or leased a production facility of at least "20,000 sq. ft." a minimum of "24 months" and invested at least $3M in the facility, located in a designated urban enterprise zone.