Modifies certain requirements of film and digital media content production tax credit program; modifies criteria for purchase of certain tax credit transfer certificates administered by Division of Taxation.

This bill modifies New Jersey's film and digital media tax credit program. For film productions, it reduces the tax credit rate from 35% to 30% for eligible expenses incurred outside a specific New York City area (within 30 miles of 8th Ave/Central Park West), while maintaining the 60% New Jersey spending requirement. For digital media, it increases the credit rate to 35% for producers using vendors primarily located in seven specified counties (Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Mercer, or Salem), with unchanged requirements for $2 million in New Jersey spending and 50% NJ wages. The changes directly affect film and digital media producers seeking tax credits under the program.