Empire State Theatre Production Tax Credit Approved

Stage Directions: New York has become the fourth state to offer financial incentives to investors who originate live productions within New York State, effective for tax year commencing January 1, 2015. The program will offer a 25% tax credit to producers who tech their shows in New York's facilities. Al Nocciolino, The Broadway League’s Vice Chairman of the Road and President & CEO of NAC Entertainment, specializing in the presentation of Touring Broadway in Buffalo, Rochester, Syracuse, Binghamton, Elmira and Albany, said, “With other states offering aggressive tax incentives for theatrical production, New York’s venues have struggled to stay competitive and attract new shows. However, this incentive levels the field and will, without question, drive millions of dollars into New York.