Senate approves film tax credit bill

The Senate approved S3056, the “Garden State Film and Digital Media Jobs Act.” The vote was 23-15.

The bill increases the annual program cap for the film production tax credit from $10 million to $50 million and for the digital media production tax credit from $5 million to $10 million.

Sen. Diane Allen said she had reservations based on data showing other states that have found such programs actually cost their states money.

In addition, she said it creates jobs that are often transitory.

But last week, bill supporters said despite concerns about the quality of some of the programming – a reference to the “Jersey Shore’’ program – the bill helps create millions of dollars in revenue and numerous jobs in a difficult economy.

Senate approves film tax credit bill