The $420,000 Snooki Subsidy

We’ve been devoting the past few days to tax credits (see posts on nonrefundable credits here and refundable credits here), and couldn’t resist mentioning the “situation” our favorite orange juice heads got into last year. Here’s the scoop: last year the New Jersey Economic Development Authority granted a $420,000 film tax credit to MTV’s Jersey Shore. The hefty reimbursement shocked both the public and NJ Governor Chris Christie, who ultimately decided to deny MTV of the credit .

Christie stated,”As chief executive I am duty-bound to ensure that taxpayers are not footing a $420,000 bill for a project which does nothing more than perpetuate misconceptions about the state and its citizens.”

Poor Snooks… but something tells us she’s doing juuust fine without the extra moolah!

Pssst! Check out our tax countdown on the right- only 20 days left! Any Divas done? Chime in in the comments! 

Source: NJ.com

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Comments

  1. Haha this made me laugh so hard! I wouldn’t mind a $420,000 tax break – but I would seriously have to re-evaluate my life if I was doing the stuff they do to get it! lol

  2. Miss D. Minor says:

    A $420,000 tax credit for “The Jersey Shore”? What was the New Jersey Economic Development Authority thinking????? Hurray for Gov. Chris Christie; he squashed the “Snooki Subsidy,” saying taxpayers couldn’t afford to support a program that tarnishes the state’s reputation. Now, this year, the NJEDA approved a $250 Million tax credit for Prudential Insurance to build a new corporate office tower in Newark. Why are Governor Christie and the Trenton politicians subsidizing the billionaires at Prudential? Prudential is the 1%!!!! They made $3.5 Billion last year. Let them pay for new corporate headquarters with their own money! Will Governor Christie squash this tax credit too? Where will he stand on corporate welfare? $250 Million tax break going to Prudential …makes the “Snooki Subsidy” look OK.

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