Broadway Poised for Tax Benefit Boost in New York Budget Plan

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Broadway Poised for Tax Benefit Boost in New York Budget Plan

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

Broadway Poised for Tax Benefit Boost in New York Budget Plan

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.

“I am furious, but I am sailing.”

Broadway Poised for Tax Benefit Boost in New York Budget Plan

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.

Broadway Poised for Tax Benefit Boost in New York Budget Plan

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

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