Revises various provisions of film and digital media content production tax credit program.*

This bill revises New Jersey's film and digital media content production tax credit program to expand eligibility for tax credits. It specifically modifies the definitions of "qualified film production expenses" and "qualified digital media content production expenses" to include wages paid to employees who are exempt from New Jersey income tax due to reciprocity agreements with other states, such as Pennsylvania residents. The bill also updates the definition of "full-time or full-time equivalent employee" to include these workers. These changes apply retroactively to January 1, 2024, allowing taxpayers who received tax credit certificates before this date to surrender them for new certificates under the revised terms. The changes directly affect film and digital media production companies operating in New Jersey that employ workers from states with income tax reciprocity agreements.