Matthew Morrison, Harvey Weinstein, Judith Light, Norm Lewis Join Senator Schumer to Celebrate the New Broadway Tax Package

News   Matthew Morrison, Harvey Weinstein, Judith Light, Norm Lewis Join Senator Schumer to Celebrate the New Broadway Tax Package
 
A package that establishes equal tax treatment for live theatrical productions was signed into law Dec. 18 by President Barack Obama. Broadway producers spoke exclusively with Playbill.com about how this legislature will impact the "art of making art. Broadway's best came together Dec. 21 at Sardi's to celebrate!

The bill levels the playing field between New York-based theatrical productions and film and television shows. Current tax codes allow TV and film productions to expense up to $15 million in qualified costs, when 75 percent of compensation paid is for services performed in the United States. Broadway shows and other live theatrical productions did not previously qualify for the tax incentive.

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