New York City musical and theatrical production tax credit

Who is eligible? 

You are entitled to this refundable credit if you or your business:

• is a qualified New York City musical and theatrical production company, and
• received a certificate of tax credit issued by Empire State Development (ESD).

This credit is administered by ESD. For more information about the program's application and approval process, visit Empire State Development: NYC musical and theatrical production tax credit.

How much is the credit?

The credit is equal to 25% of qualified production expenditures paid during the credit period.

The credit amount on the certificate of tax credit issued by ESD to you may be a lesser amount due to certain limitations.

Additional information

• Form CT-654, New York City Musical and Theatrical Production Tax Credit, and its instructions (for corporations)
• Form IT-654, New York City Musical and Theatrical Production Tax Credit, and its instructions (for all others)

To learn about other New York State tax credits available to businesses, see Business incentives.