Hochul Proposes to Enhance NYC Musical and Theatrical Production Tax Credit
As first reported by Broadway Journal, New York Governor Kathy Hochul proposed allocating an additional $150 million to retroactively extend a New York State theater tax credit program. The briefing book states: "To maintain support for musical and theatrical productions in New York City, the Executive Budget increases the aggregate amount available under the program by $150 million for productions with initial pe…