LEGISLATION TO HELP ATLANTIC CITY GET ENTERTAINMENT INTRODUCED

A bi-partisan bill to help Atlantic City grow its entertainment market has been introduced in Trenton. Qualifying entertainers who perform at least four dates in Atlantic City’s tourism district would get a state tax credit on all income they earn performing at any New Jersey venue, including in Atlantic City, Camden, Trenton, Newark and Holmdel, in the same calendar year. The Secretary of State will set the qualifying criteria, including record sales, ticket sales, awards, etc., and a transparent application process will be administered by the Director of the Division of Taxation.