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Senate Majority Leader Loretta Weinberg (D-Teaneck). (Photo: Kevin Sanders for the New Jersey Globe)

Weinberg, Sarlo celebrate film tax credit extension

Murphy signed bill into law Tuesday

By Nikita Biryukov, January 22 2020 11:24 am

State Sens. Loretta Weinberg and Paul Sarlo lauded the signing of a bill expanding the Garden State film tax credit Wednesday.

“Films are more than glamor, they are also good paying, unionized jobs for New Jersey workers,” Weinberg said. “Thousands of these unionized men and women live in our state but are often traveling to different states for projects. With this law we are giving workers more opportunities to work closer to home and earn their income right here in New Jersey.”

The bill, which Gov. Phil Murphy signed on Tuesday, pushes the film tax credit program’s sunset back five years and increases the program’s annual cap from $75 million to $100 million.

Portions of the Oscar-nominated 2019 film “Joker” were filmed in New Jersey.

“New Jersey is strategically located between New York and Philadelphia, which makes us a convenient location for films and television, but convenience is nothing if it doesn’t also make financial sense to attract the business,” Sarlo said. “By extending these programs and making it more affordable to film in our state, we can solidify New Jersey as a go to destination for film projects. This is about the direct and indirect economic benefits we can capitalize on.”

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