Provides corporation business and gross income tax credit for certain Pre-Broadway and Post-Broadway theater productions.

This New Jersey bill provides a 35% tax credit against corporation business and gross income taxes for production companies that stage pre-Broadway or post-Broadway theater productions at qualifying venues with at least 350 seats. The credit covers eligible production costs including sets, costumes, sound, lighting, payroll (up to $250,000 per week), advertising, and transportation expenses incurred within the state. Companies must apply to the New Jersey Economic Development Authority for approval, with the total annual tax credits awarded capped at $10 million. This policy directly supports theater production companies aiming to develop or tour shows through financial incentives for New Jersey-based activities.