By Bob Katzen
Gov. Healey announced the granting of $7 million in Live Theater Tax Credits for 23 live stage productions across Massachusetts. Eligible theater companies may receive non-refundable tax credits equal to 35 percent of qualifying payroll costs, 25 percent of production and performance expenditures and 25 percent of transportation expenditures. Credits may be transferred or carried forward for up to five years.
“Massachusetts has incredible theaters, talented artists and communities that know how to put on a great show,” said Gov. Healey. “These investments help bring more productions to our state, support good jobs and local businesses and give residents and visitors even more reasons to spend time in communities across Massachusetts. We want Massachusetts to be a place where artists and producers want to create and audiences want to come experience it.”
“Live theater brings people together and brings real economic activity into our communities,” said Lt. Gov. Kim Driscoll. “When people come to see a show, they’re also eating at local restaurants, staying in hotels and supporting nearby businesses. These awards will help our theaters compete for exciting productions while supporting jobs and economic growth across Massachusetts.”
“Travel today is increasingly driven by experiences, and few experiences are as memorable as live performance,” said Kate Fox, executive director at the Office of Travel and Tourism. “From internationally recognized productions to hometown stages, Massachusetts offers an incredible theater landscape that inspires visitors to stay longer, explore our communities and return throughout the year. This investment strengthens both our theaters and our reputation as one of the nation’s premier cultural destinations.”
$7 MILLION FOR LIVE THEATER PRODUCTIONS – Gov. Healey announced the granting of $7 million in Live Theater Tax Credits for 23 live stage productions across Massachusetts. Eligible theater companies may receive non-refundable tax credits equal to 35 percent of qualifying payroll costs, 25 percent of production and performance expenditures and 25 percent of transportation expenditures. Credits may be transferred or carried forward for up to five years.
“Massachusetts has incredible theaters, talented artists and communities that know how to put on a great show,” said Gov. Healey. “These investments help bring more productions to our state, support good jobs and local businesses and give residents and visitors even more reasons to spend time in communities across Massachusetts. We want Massachusetts to be a place where artists and producers want to create and audiences want to come experience it.”
“Live theater brings people together and brings real economic activity into our communities,” said Lt. Gov. Kim Driscoll. “When people come to see a show, they’re also eating at local restaurants, staying in hotels and supporting nearby businesses. These awards will help our theaters compete for exciting productions while supporting jobs and economic growth across Massachusetts.”
“Travel today is increasingly driven by experiences, and few experiences are as memorable as live performance,” said Kate Fox, executive director at the Office of Travel and Tourism. “From internationally recognized productions to hometown stages, Massachusetts offers an incredible theater landscape that inspires visitors to stay longer, explore our communities and return throughout the year. This investment strengthens both our theaters and our reputation as one of the nation’s premier cultural destinations.”