Broadway Poised for Tax Benefit Boost in New York Budget Plan

[mitchern]

Broadway Poised for Tax Benefit Boost in New York Budget Plan#1

Posted: 4/15/26 at 6:43am

https://news.bloombergtax.com/financial-accounting/broadway-poised-for-tax-benefit-boost-in-new-york-budget-plan

Hope they close the Lion King loophole, but don't knock out the non-profits 

[EDSOSLO858]

Broadway Poised for Tax Benefit Boost in New York Budget Plan#2

Posted: 4/15/26 at 9:01am

Does this really make much of a difference? It probably just means that musicals lose $3 million less.

We are the New York Knicks! / We are the New York Knicks! / We are the New York Knicks! / We are the New York Knicks! / Say "Go New York, go New York, go!” / (Go New York, go New York, go!) / Say "Go New York, go New York, go!" / (Go New York, go New York, go!)

[Mary_Poppins]

Broadway Poised for Tax Benefit Boost in New York Budget Plan#3

Posted: 4/15/26 at 10:31am

EDSOSLO858 said: "Does this really make much of a difference? It probably just means that musicals lose $3 million less."

It could, just like 2 percent more or less inflation can have an impact on people's behavior.

[Kad]

Broadway Poised for Tax Benefit Boost in New York Budget Plan#4

Posted: 4/15/26 at 10:38am

EDSOSLO858 said: "Does this really make much of a difference? It probably just means that musicals lose $3 million less."

$3 million is nothing to sneeze at when budgets are tight. If a show is consistently falling short of its weekly expenses during previews by $400k - that $3mil credit will be very welcome. 

"...everyone finally shut up, and the audience could enjoy the beginning of the Anatevka Pogram in peace."

Updated On: 4/15/26 at 10:38 AM