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 for the Film and Digital MediaTax 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 is eligible to use Form 327?
A: Production companies that meet the eligibility criteria are eligible to use Form 327.

Q: What is the deadline for submitting Form 327?
A: The deadline for submitting Form 327 is 90 days prior to the start of principal photography.

Q: What documentation needs to be submitted with Form 327?
A: Various documentation, such as a production schedule, script, and budget, needs to be submitted with Form 327.

Q: How long does it take to process Form 327?
A: It typically takes 30-60 days to process Form 327.

Q: What are the benefits of the Film and Digital Media Tax Credit?
A: The tax credit provides a 20-30% credit on qualifying expenses incurred in New Jersey, thereby incentivizing production companies to film in the state.

Q: Are there any limitations on the tax credit?
A: Yes, there are limitations on the tax credit, such as a cap on the total amount of credits available in a fiscal year.

Q: Can the tax credit be transferred or sold?
A: No, the tax credit cannot be transferred or sold to another taxpayer.