NBC Wants Their Big Fat Tax Break, Dammit

Here’s an boring-but-interesting one. NBC Universal stands to make millions in tax breaks by relocating NBC Digital to New Jersey… and are currently lobbying Jon Corzine like hell to make sure they get their tax break. Major firms have been called in to generate supports and a large lobbying campaign is taking place in Trenton. In fact, it’s not just NBC: Cisco Systems, Walt Disney and the Motion Picture Association of America all have lobbyists working on the bill.

Here’s the scoop:

  • A proposed bill, which is being pushed by NBC and the other companies named above, would give New Jersey-based companies a tax credit equal to 20 percent of their costs in creating digital material (which includes Internet sites and broadband content).
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