New Jersey Governor Chris Christie nixed a tax credit that was approved last week for the creation of MTV's "Jersey Shore".
Christie put the kibosh on a $420,000 film credit awarded by the Economic Development Authority to stimulate investment by major networks and film corporations.
The tax credit was awarded to MTV for the inaugural season in 2009, but Christie put his foot down Monday. "I have no interest in policing the content of such projects," the governor said in a press release. "However, 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."
News of the so called "Snooki subsidy" brought laughter and shaking heads at a press conference last Tuesday. Some local lawmakers criticized the tax incentive program. "I can't believe we are paying for fake tanning for 'Snooki' and 'The Situation,' and I am not even sure $420,000 covers that," said Assemblyman Declan O'Scanlon (R-Monmouth).
Others worry about whether or not the state will be able to bring in new investment after the sizable tax credit is gone, especially those who live near the shore.
Seaside Heights Mayor P. Kenneth Hershey said the state investment pays local dividends, which is the goal of the tax credit.
"The boost to the economy certainly shows, when they are here this place is busy," said Hershey.
Most Popular Stories
- Businesses, Investors Pressing for Green Policy
- 'The Voice' Sounds Different This Season
- NSHMBA to Rebrand With New Name, Logo
- Lower Used-Car Prices Roil the Auto Industry
- Chrysler and Google Launch Virtual Plant Tour
- Investors Fret Yahoo's Future, Stock Dips
- Perry Wants to Skip Court for Foreign Trip
- Liberty Power Helps USHCC Go Green
- Hispanic Designer Honored As Rising Star
- Porn Lovers Get a New Search Engine