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Theater tax credit makes it into state budget

By WKTV News

(WKTV) - Just weeks after lobbying in Albany, the head of the Broadway Theatre League got some good news -- a 25 percent tax credit made it into the approved state budget.

The Stanley has hosted six tech shows recently, including "Flashdance" and "American Idiot." These are live productions that selected the Stanley as the venue to revamp and rehearse the shows. As a result, the cast is sleeping, eating and shopping locally.

The cap on this incentive is $4 million. But the executive director of the Broadway Theatre League says the benefits go beyond the theater.

"We have to stop and think about all the tax revenue -- sales tax revenue, bed tax revenue -- all the other taxes that are associated with touring Broadway," John Fehlner, executive director of the Broadway Theatre League said.

Fehlner says locally, a tech show could mean upward of $1.5 million for the community.

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