U.S. Senator Charles Schumer (D-N.Y.) is pushing Congress to support a bill giving tax breaks to the Broadway theater industry. Schumer’s bill would give Broadway theater a huge financial boost under a change in the federal tax code.
His proposal, recently passed by the State Finance Committee, would allow 100 percent of any live theatre investment to be deducted up to $15 million per production. This type of tax incentive is currently granted to television and film projects, but has yet to reach live theater. …
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