Extends the New York city musical and theatrical production tax credit and establishes the New York state council on the arts cultural program fund.

This bill extends provisions relating to the New York city musical and theatrical production tax credit and establishes the New York state council on the arts cultural program fund. It specifies that the credit period for a qualified New York city musical and theatrical production is from the production start date until the earlier of the date the production has expended sufficient qualified production expenditures to reach its credit cap, September 30, 2025, or the date the production closes.

Extends the New York city musical and theatrical production tax credit and establishes the New York state council on the arts cultural program fund.

This bill extends provisions relating to the New York city musical and theatrical production tax credit and establishes the New York state council on the arts cultural program fund. It specifies that the credit period for a qualified New York city musical and theatrical production is from the production start date until the earlier of the date the production has expended sufficient qualified production expenditures to reach its credit cap, September 30, 2025, or the date the production closes.