HOCHUL PROPOSES $150 MILLION PRODUCTION TAX CREDIT EXTENSION

www.broadwayjournal.com: Empire State Development, which supports economic growth in the state, currently isn’t accepting applications for the New York City Musical and Theatrical Production Tax Credit. Applicants had to have their first paid performance by Dec. 1, 2025. The proposed state budget announced today “increases the aggregate amount available under the program by $150 million for productions with initial performances on or after December 1, 2025,” according to a state briefing book posted online.