By David Engel CPA, Checkpoint News
The New Jersey Economic Development Agency (NJEDA) has adopted additional amendments to the film and digital media tax credit regulations. These amendments are in addition to the amendments adopted as of October 24, 2025. Many of the changes made were adopted to reflect legislative changes made during 2025.
Effective November 28, 2025, the NJEDA has amended several regulations related to the film and digital media tax credit. Here are some of the highlights of those changes:
N.J. Administrative Code 19:31T-1.3 includes qualified digital media content products incurred for post-production as eligible expenses;
N.J. Administrative Code 19:31T-1.4 provides rules for the new promote New Jersey bonus which replaces the diversity bonus;
N.J. Administrative Code 19:31T-1.6 provides: (a) that the program is extended until the 2050 fiscal year, and (b) for an increase in the studio partner credits from 35% to 40% for applications after June 30, 2025; and
N.J. Administrative Code 19:31T-1.9 is added to provide rules for recapture, forfeiture, termination, reduction, and cure period if a designated studio partner fails to occupy the production facility developed, purchased, or leased as a condition of designation as a studio partner for the duration of the commitment period for any reason outside the control of the studio partner.
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