*Productions must incur at least $2,000,000 of the total digital spend through authorized New Jersey vendors. This $2,000,000 minimum spend excludes wage and salary payments to employees, and at least 50% of all qualified expenditures must be for wages and salary expenses paid to full-time workers in New Jersey who work on digital media.

Post-production only projects can qualify for the Digital Media Tax Credit provided they incur at least $500,000 for post-production expenses in a single year. Expenses must be incurred through a qualified independent post-production company, at a New Jersey Film Lease Partner Facility, or by a New Jersey Studio Partner.

Production expenses include post-production costs, services performed, and goods purchased through NJ vendors (vendors authorized to do business in NJ).

The New Jersey Economic Development Authority will confirm that companies have been making good-faith efforts toward diversity.

Hiring Bonus: a 4% bump on all qualified expenses if applicants submit an approved hiring plan outlining goals, including the intention to prioritize the hiring no less than 25% of employees (excluding independent contractors) working in New Jersey who are residents of an economically disadvantaged area in the State, a distressed municipality as that term is defined in N.J.S.A. 34:1B-323, or land owned by the federal government on or before December 31, 2005.

"Economically disadvantaged area" means a New Jersey municipality that contains a federal population census tract that was eligible to be designated as a qualified opportunity zone pursuant to 26 U.S.C. § 1400Z-1.

Outside Radius Bonus: a 5% bump on qualified expenses incurred for services/property to be used at a sound stage or other location that is located outside the Columbus Circle radius. This is the 30-mile radius extending from the intersection of Eighth Ave/Central Park West, Broadway, and West 59th Street/Central Park South, New York, New York.

Principal photography of the film must commence within 180 days from the date of the original application for the tax credit.

There is an application fee of $500 for projects seeking $1,000,000 or less in tax credits and $2,500 for projects seeking tax credits of more than $1,000,000.

Digital Media Content may qualify for a 30-35% credit if it meets a minimum spend of $2,000,000 and at least 50% of the qualified digital media content production expenses of the taxpayer are for wages and salaries paid to full-time or full-time equivalent employees in New Jersey. 

$30,000,000 in credits are allocated for Digital Media Content yearly.

There is a compensation cap of $750,000 on individuals in key positions including but not limited to writers, producers, directors, and talent.

The radius of Columbus Circle is technically written as a percent reduction from 35% to 30% if you are located within the radius. For the sake of calculating, it is structured here as a bonus if you are OUTSIDE the radius. 

The tax credit has a carry-forward of seven years.