New Jersey currently offers two financial incentives to filmmakers:
REBATE OF NEW JERSEY'S 6% SALES TAX
Certain tangible property used directly and primarily in the production of
films and television programs is exempt from New Jersey's 6% sales tax.
This tangible property includes the purchase of replacement parts for
machinery, tools and other supplies, the purchase of lumber and hardware to
build sets, the rental of picture cars, the purchase or rental of other
types of props, and costs related to the repair of camera and lighting
equipment. To view the entire law, click here:
S-1074 LAW CREATING 6% SALES TAX REBATE FOR FILMMAKERS
THE NEW JERSEY FILM PRODUCTION ASSISTANCE PROGRAM
The Film Production Assistance Program allows film projects to be eligible
for loan guarantees through the New Jersey Economic Development Authority.
Guaranteeing a portion of loans made by other lenders encourages these
lenders to finance projects they might not ordinarily finance on their own.
Loan guarantees cannot exceed 30% of the bank financing cost of the
project, or $1.5 million, whichever is less.
Until now, most film industry projects did not meet EDA eligibility
requirements because the jobs they created were temporary. The new law
expands the criteria for the EDA's loan guarantee program so qualifying
film production companies can participate.
The legislation sets important criteria for eligibility:
- At least one-half of material and production costs must be spent in New Jersey.
- At least 70% of shooting days must take place in the state.
- Prevailing wage must be paid to workers employed in the project to be financed.
- The project must possess performance bonds.
Application forms are now available. For additional information, follow the links below:
LAW CREATING THE NEW JERSEY FILM PRODUCTION ASSISTANCE PROGRAM
PRINTABLE APPLICATION FOR NEW JERSEY FILM PRODUCTION ASSISTANCE PROGRAM (IN ADOBE PDF FORMAT)
WEBSITE FOR NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY