Empire State musical and theatrical production credit
Who is eligible?
You are entitled to this refundable credit if you or your business:
- is a qualified musical and theatrical production company, and
- received a certificate of tax credit from Empire State Development (ESD).
How much is the credit?
The credit is 25% of the sum of qualified production expenditures and transportation expenditures.
ESD allocates the amount of credit allowed for the current tax year. ESD will issue a certificate of tax credit showing the amount of tax credit allowed and the allocation year of the tax credit.
- Empire State Development’s website
- Form CT-642, Empire State Musical and Theatrical Production Credit, (for corporations), or
- Form IT-642, Empire State Musical and Theatrical Production Credit, and its instructions Form IT-642-I (for all others).
To learn about other New York State tax credits available to businesses, see Business incentives.