Bill > H3311

This bill establishes a live theater tax credit program in Massachusetts. The key provisions are: - Eligible productions include pre-Broadway, pre off-Broadway, Broadway tour launches, and world premieres presented at qualified production facilities in Massachusetts. - The tax credit is 35% of production and performance expenditures (including payroll) and 25% of transportation expenditures, up to $5 million per production. - No more than $5 million in total credits may be issued per year. - The credits can be transferred or sold to other taxpayers. - Applicants must apply for initial and final certification from the Massachusetts Office of Travel and Tourism to qualify. - Applicants must deposit 15% of the tax credits received into the Massachusetts Cultural Council Facilities Fund to support workforce development and sustainability of the live theater industry. - The program expires for productions that do not receive initial certification by January 1, 2022.

Budget and Finance

https://malegislature.gov/Bills/190/H3311