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!