New York City Musical and Theatrical Production Tax Credit

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Overview

Overview

The $100 million New York City Musical and Theatrical Production Tax Credit is a two year program, designed to jump start the entertainment industry and support tourism activity in New York City. The Program encourages Musical and Theatrical productions to begin performances sooner, coming back stronger. The Program will offset some of the costs associated with putting on a production as  New York’s economy recovers from the Covid-19 pandemic.

Program details are still being finalized for this program, but if you would like to receive updates about the New York City Musical and Theatrical Production Tax Credit, please click here. You'll be alerted when more information is available and applications are being accepted.

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Eligibility

Eligibility

  • Qualified production companies may be eligible to receive a tax credit of 25 percent on certain production expenditures
  • Qualifying productions are eligible for a tax credit of up-to $3 million if their First Performance is in the first year that applications are accepted. Productions with a First Performance occurring after the first year in which applications are accepted but before December 31, 2022 may be eligible for up to $1.5 million, unless a determination is reached that the New York City tourism economy has not sufficiently rebounded.
  • Productions must occur at a Qualified New York City Production Facility, a venue with a stage and a seating capacity of at least 500.
  • Productions must be for-profit entities
  • All program recipients are required to participate in a New York State diversity in arts job training program and ensure their production is available and accessible at low or no cost to low-income New Yorkers.

How to Apply

Program details are still being finalized. To be alerted when applications are being accepted for the  New York City Musical and Theatrical Production Tax Credit, click here.