N.J. Stat. § 54:10A-5.39e: Limitation on additional tax credits.

6. Notwithstanding any provision of P.L.2025, c.81 (C.54:10A-5.39d et al.) or any law, rule, or regulation to the contrary:

a. any additional tax credits allowed pursuant to section 4 of P.L.2018, c.56 (C.54:10A-5.39c) and section 5 of P.L.2025, c.81 (C.54:10A-5.39d) shall not exceed an aggregate additional amount totaling five percent of the qualified film production expenses or qualified digital media content production expenses of the taxpayer incurred during a tax period commencing on or after July 1, 2025, but before July 1, 2049, provided that this limitation shall only apply to the additional tax credits allowed pursuant to section 4 of P.L.2018, c.56 (C.54:10A-5.39c) and section 5 of P.L.2025, c.81 (C.54:10A-5.39d); and

b. the total amount of tax credits allowed under the “Garden State Film and Digital Media Jobs Act,” P.L.2018, c.56 (C.54:10A-5.39b et al.), as amended and supplemented, shall not exceed an aggregate additional amount totaling 45 percent of the qualified film production expenses or qualified digital media content production expenses of the taxpayer incurred during a tax period commencing on or after July 1, 2025 but before July 1, 2049.

(Recodified January 2026, formerly T&E, 2025, c.81, s.6); amended 2025, c.400, s.5.