Gov. Phil Murphy Supports Bill Giving Tax Credits To Movie, Digital Firms
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TRENTON, N.J. (CBS/AP) — Gov. Phil Murphy is supporting legislation that would give film and digital companies tax credits to shoot in New Jersey.
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Murphy discussed the legislation Monday at an unrelated news conference. He says he backs the legislation despite a potential price tag of up to $425 million .
Murphy, a Democrat, says having more movies filmed in the state could swell pride, union jobs and even diner booths.
The Democrat-led Legislature sent the bill to Murphy's desk in April. Former Republican Gov. Chris Christie vetoed a similar bill in 2016.
Murphy initially unveiled his support for the legislation Saturday at a film festival in Montclair.
The legislation gives a tax credit against the corporate business and income taxes for certain expenses incurred while making films or other content.
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