06 Dec: Sarlo: NJ’S Cancellation Of Film Production Tax Credit Boosting Jobs, Economy Across The Hudson

TRENTON — Senate Budget and Appropriations Chairman Paul Sarlo today pointed to new figures reported out of New York that show that state growing jobs and local revenues through an expanded tax credit for film and television production as proof that New Jersey is losing out on a means of growing its own economy after the state turned down a chance to expand its own program.

“Instead of fostering productions here and helping local businesses, the governor’s shortsightedness in ending New Jersey’s film tax credit is giving New York a real big economic boost,” said Sarlo (D-Bergen). “These are jobs and economic benefits we can’t afford to be passing up.”