Bill
Bill > S1660
NJ S1660
NJ S1660Provides corporation business and gross income tax credit for certain Pre-Broadway and Post-Broadway theater productions.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill provides corporation business tax and gross income tax credits to production companies for costs incurred for certain accredited theater productions. Specifically, the bill provides that a production company may receive tax credits for costs related to eligible theater productions that are performed at qualified facilities in New Jersey. The credits allowed equal 35 percent of the production's eligible production and performance expenditures. Under the bill, production and performance expenditures include: (1) expenditures for design, construction, and operation, including sets, special and visual effects, costumes, wardrobe, make-up, and accessories; (2) costs associated with sound, lighting, staging, facility expenses, rentals, per diems, and accommodations; (3) payroll costs up to $250,000 per week; (4) certain advertising and public relations expenditures; and (5) transportation expenditures. The bill requires production companies to apply to the New Jersey Economic Development Authority for the initial approval of tax credits. However, the bill provides that the Director of the Division of Taxation in the Department of the Treasury is responsible for the final approval of tax credits. Under the bill, the total value of tax credits awarded in each fiscal year may not exceed $10 million.
AI Summary
This bill establishes tax credits for production companies that incur eligible expenses for accredited theater productions, defined as for-profit live stage presentations that are either pre-Broadway (intended for Broadway) or post-Broadway (opening a national tour in the state after performing in New York City) and are performed at qualified production facilities in New Jersey. These facilities must have a stage, at least 350 seats, and necessary amenities. The tax credits, equal to 35% of eligible production and performance expenditures, can be applied against corporation business tax and gross income tax. Eligible expenditures include costs for design, construction, operation, sets, special effects, costumes, wardrobe, makeup, accessories, sound, lighting, staging, facility rentals, per diems, accommodations, payroll (up to $250,000 per week), advertising, public relations, and transportation. Production companies must apply to the New Jersey Economic Development Authority (NJEDA) for initial approval, with the Director of the Division of Taxation in the Department of the Treasury making the final determination on tax credit issuance. The total value of tax credits awarded annually is capped at $10 million, and unused credits can be carried forward for three years. The NJEDA will also report annually on the applications and awards.
Committee Categories
Housing and Urban Affairs
Sponsors (4)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S1660 |
| BillText | https://pub.njleg.gov/Bills/2026/S2000/1660_I1.HTM |
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