'Jersey Shore' tax credits get the ax

Gov. Chris Christie (R-N.J.) has vetoed the Economic Development Authority's $420,000 film tax credit that was to be issued to "Jersey Shore's" production company.The governor

TRENTON - Gov. Chris Christie (R-N.J.) has vetoed the Economic Development Authority's $420,000 film tax credit that was to be issued to "Jersey Shore's" production company.

The governor decided that fist pumping should get the brakes and called the film tax credit award a wasteful use of limited taxpayer resources.

As News 12 New Jersey previously reported, production companies that spend more than 60 percent of their costs in New Jersey qualify to have 20 percent of that cost knocked off their tax bill.

Many other shows have collected tax credits, including millions of dollars given to "Law and Order."

Supporters of the tax credit say the jobs and tourism created by television and movie production are worth the tax credits.

To read Gov. Chris Christie's veto letter, CLICK here.

Debate over 'Jersey Shore' tax credits still not over

'Jersey Shore' approved for $420,000 tax credit

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