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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…

SOURCE: BroadwayWorld at 04:43PM on January 20, 2026

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