And shooting at Cobalt is better than ever!
NJ’s Film and TV Tax Credit is back!
After a three year hiatus, New Jersey’s film and television production tax credit is now in effect for the fiscal year of 2019. According to New Jersey’s Motion Picture and Television Commission Associate Director, David W. Schoner, the program includes credits of $75 million per fiscal year for film and television projects. Get a load of that, NY 😉
Better than NewYork’s tax incentives!!
Analysts tell us that New Jersey’s Film & TV Tax Credit is even stronger than New York’s incentives because it applies to a broader array of expenses. The NJ incentives include 30 percent of ABOVE AND BELOW the line on qualified production expenses for productions in New Jersey; whereas, New York’s tax credit pertains to only below the line expenses… It’s a great time to have us host your production here at Cobalt – Hollywood on the Hudson!
Want to save even more?
Working at Cobalt means never having to create your workspace from scratch! As a true Turnkey Soundstage, we offer cutting-edge production tools, onsite, like our cost-saving Virtual Backlot and motion control capabilities —the most comprehensive on the East Coast. Last but not least, we add even more value with our fully-furnished home ec kitchen, craft service kitchen, client suite, production office, conference room, and hair/ makeup/ wardrobe areas.
Schedule your tour today and we’ll show you what else we have to offer!
Get the NJ Film and TV Tax Credit to save up to $10 million a year! WOW!
For more information on the incentives, check out these FAQs.
To read the legislation in its entirety, click here.
To apply for the tax credit, visit njeda.com.