Form 327 Film and Digital Media Tax Credit - New Jersey

What Is Form 327?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 327?
A: Form 327 is the application form for the Film and Digital Media Tax Credit in New Jersey.

Q: What is the purpose of Form 327?
A: The purpose of Form 327 is to apply for the Film and Digital Media Tax Credit in New Jersey.

Q: Who should use Form 327?
A: Film and digital media production companies that meet the eligibility requirements can use Form 327 to apply for the tax credit.

Q: What are the eligibility requirements for the tax credit?
A: The eligibility requirements for the tax credit include meeting certain production and spending thresholds, employing a minimum number of qualified residents, and obtaining a certificate of eligibility.

Q: What expenses can be included in the tax credit calculation?
A: Expenses such as wages paid to qualified residents, payments to New Jersey vendors, and certain production costs can be included in the tax credit calculation.

Q: Is there a deadline for submitting Form 327?
A: Yes, Form 327 must be submitted at least 30 days before the start of principal photography or production.

Q: Can I amend my application after it is submitted?
A: No, once the application is submitted, it cannot be amended. Any changes must be submitted in a new application.

Q: What happens after I submit Form 327?
A: After submitting Form 327, the New Jersey Motion Picture and Television Commission will review the application and determine if the tax credit will be awarded.

Q: How long does it take to receive a decision on the tax credit application?
A: The review process typically takes 60 days from the date of receipt of a complete application.