Netflix to Win Big With Tax Incentive Changes in New Jersey and California
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variety.comGene Maddaus Senior Media Writer Netflix is poised to score big from two tax incentives that are moving through the state legislatures in California and New Jersey this week.
In California, the legislature is set to approve a five-year extension of the state’s $330 million incentive for film and TV production.
For the first time, the tax credit will be refundable — meaning that companies like Netflix, which does not have California tax liability, will be able to benefit.
And in New Jersey, the legislature is moving forward on a significant expansion of a state incentive for film and TV infrastructure.
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