Requires annual competitive tax credit auctions; dedicates proceeds to NJ Civic Information Consortium and public broadcasting system; reduces tax credits available for certain film productions; appropriates $15 million.

Summary

The bill requires the state to hold yearly competitive auctions for film‑production tax credits and to devote the auction proceeds to the New Jersey Civic Information Consortium and the public‑broadcasting system. It also lowers the percentage of credits available to certain film and digital‑media productions and earmarks $15 million for these initiatives. The changes affect film studios, digital‑media producers, and the entities that receive the auction revenue.

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