New Jersey VDA opportunity targets the media industry

On August 10, 2011, the New Jersey Division of Taxation (Division) announced a new voluntary disclosure agreement (VDA) initiative directed at the media industry, specifically encouraging certain “media and media content companies” to come into compliance with their New Jersey Corporation Business Tax (CBT) filing requirements. Generally, eligible companies will include cable television networks, syndicators, and other media content providers. The initiative runs from August 15 until November 15, 2011.