Bill
Bill > H2711
MA H2711
Creating a pilot program to enhance economic and community development through live theatrical arts
summary
Introduced
02/16/2023
02/16/2023
In Committee
03/21/2024
03/21/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
For legislation to establish a tax credit program for live theater. Revenue.
AI Summary
This bill establishes a pilot program for a live theater tax credit in Massachusetts. The credit is designed to support the expansion of pre-Broadway productions, pre-off Broadway productions, and national tour launches. The bill outlines the application and certification process for the tax credit, which is administered by the Office of Travel and Tourism in consultation with the Commissioner of Revenue. The credit is equal to 35% of in-state payroll costs and 25% of production, performance, and transportation expenditures, up to a maximum of $5 million per year. The bill also requires the Secretary of Housing and Economic Development and the Commissioner of Revenue to report on the impact of the credit by December 31, 2027, and prohibits the issuance of new credits after January 1, 2028 unless the production has received initial certification prior to that date.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
No further action taken (on 12/31/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/193/H2711 |
| BillText | https://malegislature.gov/Bills/193/H2711.pdf |
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