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). For more information about the program's application and approval process, visit Empire State Development: Empire State Musical and Theatrical Production Tax Credit Program.

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.

Additional information

• Form CT-642, Empire State Musical and Theatrical Production Credit, (for corporations)
• Form IT-642, Empire State Musical and Theatrical Production Credit, and its instructions (for all others)

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