New York State Budget Adds $150 Million to NYC Theatrical Production Tax Credit

The newly enacted New York State Fiscal Year 2027 Budget includes a $150 million increase to the New York City Musical and Theatrical Production Tax Credit, extending the program's runway and clearing the way for shows that opened in recent months to apply retroactively. In a statement to BroadwayWorld, a representative for Empire State Development said: "The FY 2027 Budget, enacted by Governor Hochul and the Legi…

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