NEW JERSEY — Two major film projects were approved by the New Jersey Economic Development Authority (NJEDA) for tax credits through the Film Tax Credit program.
The films, Joker directed by Todd Phillips, as well as Steven Spielberg’s adaptation of the Broadway musical, West Side Story, will receive a 30% tax credit against the corporate business tax and gross income tax for qualified film production expenses and a 35% credit for goods and services purchased through vendors located in targeted areas of the state.
“These two major productions are bringing jobs to our state and bolstering the economy of New Jersey while supporting our diverse communities,” Governor Phil Murphy said. “I am proud to see the film industry growing and thriving in the Garden State and excited to see New Jersey become the backdrop for more movies and television shows in the future.”
Joker was filmed in Newark, tells the story of the iconic Batman villain evolved from a mild-mannered young man caring for his mother to the infamous character.
West Side Story, which is shooting in Paterson, brings Speilberg and Pulitzer Prize-winning playwright Tony Kushner to present the classic tale in a new way.
Both films qualify for bonus diversity tax credits.
“Film and digital media are among the high-growth sectors targeted in Governor Murphy’s economic plan because attracting major studio productions benefits the communities where filming takes place as well as the hundreds of businesses and workers throughout our state that supply materials and services for the film industry,” NJEDA Chief Executive Officer Tim Sullivan said. “We are especially pleased that Warner Brothers Studios and Twentieth Century Fox – two of the biggest players in the film industry – have not only decided to film here, but have also made hiring a diverse workforce a priority.”
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