Chris Christie axes Jersey Shore tax credit

@CNNMoney September 26, 2011: 5:29 PM ET
New Jersey Gov. Chris Christie cut tax credits for MTV's hit show Jersey Shore.

New Jersey Gov. Chris Christie cut tax credits for MTV's hit show Jersey Shore.

NEW YORK (CNNMoney) -- Hey Snooki, you're not welcome on the Jersey Shore.

New Jersey Gov. Chris Christie cut $420,000 in tax credits Monday that would have gone to 495 Productions, the company responsible for bringing the escapades of "Pauly D" and "The Situation" to the masses via MTV.

Christie has two concerns: He doesn't care for the tax credit program, and he really doesn't like how Jersey Shore depicts the state.

And that means no more "Snooki subsidy."

"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," Christie said in a statement.

That's not all. The governor also has what his office called "long held, serious concerns" about the value of the entire New Jersey Film Tax Credit Transfer Program, a $10 million effort designed to bring more film and television production to the state.

In a letter sent to the New Jersey Economic Development Authority, Christie said that he has "no interest in policing the content of such projects," and that the state must ensure "our limited taxpayer dollars are spent on programs and projects that best benefit the state."

Christie's office said the tax credits would have covered production in 2009, when the show was based in New Jersey. The show -- one of MTV's biggest hits -- decamped to Italy for its most recent season. To top of page

Overnight Avg Rate Latest Change Last Week
30 yr fixed4.32%4.27%
15 yr fixed3.29%3.27%
5/1 ARM3.34%3.47%
30 yr refi4.29%4.24%
15 yr refi3.26%3.25%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Economic Calendar
Latest ReportNext Update
Home pricesAug 28
Consumer confidenceAug 28
GDPAug 29
Manufacturing (ISM)Sept 4
JobsSept 7
Inflation (CPI)Sept 14
Retail sales Sept 14
CNNMoney Sponsors
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.