Update on the Broadway Tax Credit - Deadline Shifts and How Non-Profits are Qualifying
There has been a lot of press about the NYC Musical and Theatrical Production Tax Credit, but so much remains unclear. I continue to get regular questions about it, months after any major news hit. I can report now that Empire State Development (ESD), which administers the credit, is taking applications from shows with a first paid performance on or prior to December 1, well over a month after the previously reported deadline. This article will also cover a frequently asked question regarding nonprofit eligibility for the tax credit.
