Other Tax Credit Programs
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HMO Assistance Tax Credit A member organization may offset against its corporation business tax liability an amount of not more than 10% of any assessment for each of the five privilege periods beginning on or after the third calendar year commencing after the assessment was paid, except that no member organization may offset more than 20% of its corporation business tax liability in any one year.
To claim this credit, the taxpayer must complete Form 310 [pdf 72 k] and attach it to the tax return. Film Production Assistance Tax Credit Film production companies can receive a 20% tax credit for qualified production costs on their NJ Corporate Business or Gross Income Taxes. Eligible expenses can include wages and salaries, operations, construction, sound synchronization, lighting, wardrobe and accessories, photography, editing, rental facilities and equipment, and most other production costs incurred in New Jersey. Qualified film production expenses do not include expenses incurred in marketing and advertising a film.
To be eligible:
Download an application. For more information, call the New Jersey Economic Development Authority at (609) 777-4898.
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