Senate bill · S10460 (2025-26)
Relates to the New York city musical and theatrical production tax credit
New York State Senate
Same as A6607, the matching bill in the Assembly.
Summary
Extends provisions relating to establishing the New York city musical and theatrical production tax credit and establishing the New York state council on the arts cultural program fund; relates to the New York city musical and theatrical production tax credit.
Summary from NY Open Legislation. How we handle summaries
Amends the Tax Law.
From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
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Purpose, from the sponsor's memo
This bill extends the New York City Theatrical Tax Credit, which has allowed Broadway productions to receive needed capital investment and the opening Broadway productions when 17% of audiences have not returned since the COVID19 pandemic and industry's costs have risen by 30%, for five years at the current funding amount while also making technical changes to the operation of the Tax Credit.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Investigations And Government Operations · New York State Senate
Also referred to Ways and Means · New York State Assembly.
The sponsor's argument
Why Erik Bottcher says this is needed
Since the COVID-19 pandemic, 17 percent of Broadway audiences have not returned and the industry's costs have risen by 30 percent. The existing New York City Theatrical Tax Credit has allowed Broadway productions to receive needed capital investment and this bill would extend it for five years at the current funding amount while also making technical changes to the operation of the tax credit. Comparable theater districts like the UK's West End offer a lower cost structure and permanent tax credit, providing producers a tempting lower risk option that would negatively impact New York's economic competi- tiveness. Extending the New York Theatrical Tax Credit beyond 2026 would ensure that this iconic industry can maintain its status as a cultural mecca and economic engine of New York. The technical changes would lower the threshold for repayment of the tax credit by highly successful productions into the The Arts and Cultural Program Fund. The bill would also expand the geographic area containing eligible Level One qualified New York City production facilities to institutions like the Lincoln Center.
This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.
Full history
- May 15, 2026
Referred to committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
NY Senate
- Apr 9, 2026
Amend and Recommit to Ways and Means
AMEND AND RECOMMIT TO WAYS AND MEANS
NY Assembly
- Jan 7, 2026
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
- Mar 6, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly