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Empire State Live Production Tax Credit

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Albany/HV: Empire State Live Production Tax Credit
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NEW YORK STATE -- A group of producers, members of The Broadway League, and elected officials recently announced the Empire State Live Production Tax Credit.

The proposed 30 percent tax credit is aimed at attracting more producers to bring Broadway shows Upstate.

Proctors CEO Philip Morris says all upstate theatres and surrounding communities would benefit from producers choosing to "tech" shows, which involves all members of a production team building the technical elements of a show in preparation for a tour.

An example of this is when "Ghost The Musical" came to Proctors in September.
The show helped generate hotel occupancy, dining, and tourism in general.

Philip Morris, Proctors CEO, "Three things happen, one, shows open in our upstate city because they can't open in Manhattan, so upstate only, it keeps N.Y. production in N.Y. State. The expenditures are between $3 and $5 million for four or five weeks of stay in Buffalo, Syracuse, Schenectady."

Morris says they are asking the state for up to $5 million in tax credits.
He says it will generate around 50 million dollars of activity in upstate cities per year.

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