Broadway Tax Credit Program Nears Depletion, Raising Concerns for Future Productions

A New York State tax credit program that has supported Broadway and Off-Broadway productions since the pandemic is nearing its funding limit, far ahead of its intended expiration in 2027. According to a report by Broadway Journal's Philip Boroff, the New York City Musical and Theatrical Production Tax Credit, launched in 2021 with a $400 million cap, may be depleted by fall 2025. The Broadway League reportedly notifi…

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