Broadway tax credit program fund near depletion

[DaveyG]

Posted: 7/17/25 at 6:59pm

https://deadline.com/2025/07/broadway-tax-credit-program-depletion-1236461676/

Terrible news.

[GottaGetAGimmick420]

Posted: 7/17/25 at 8:22pm

RIP to new musicals ... 

[BorisTomashevsky]

Posted: 7/17/25 at 8:34pm

How does this tax credit work in terms of distribution - does it  go in the pockets of investors according to points since the money spent is theirs by majority? Does the producer themself see any of it?

[Bobster159]

Posted: 7/17/25 at 9:47pm

BorisTomashevsky said: "How does this tax credit work in terms of distribution- does it go in the pockets of investors according to points since the money spent is theirs by majority? Does the producer themself see any of it?"

It's revenue to the production. So it looks the same as any income from non-ticket sources. Unless loans or other priority funds have been raised, it largely goes to investors.

The loss of it is going to hit plays in particular hard. Assuming nothing changes and the credit ends, I'd guess some of the announced ones won't happen.

[BorisTomashevsky]

Posted: 7/17/25 at 10:19pm

Bobster159 said: "BorisTomashevsky said: "How does this tax credit work in terms of distribution- does it go in the pockets of investors according to points since the money spent is theirs by majority? Does the producer themself see any of it?"

It's revenue to the production. So it looks the same as any income from non-ticket sources. Unless loans or other priority funds have been raised, it largely goes to investors.

The loss of it is going to hit plays in particular hard. Assuming nothing changes and the credit ends, I'd guess some of the announced ones won't happen."

Thanks so much for explaining this, that makes perfect sense. 

[MusicalGuy3]

Posted: 7/17/25 at 10:59pm

This is not good news for accessibility either.