On Tuesday, July 12th, dozens joined New York State Senator Marty Golden and Assemblyman Joseph Lentol on the steps of City Hall for a press conference to urge Governor Cuomo to sign the Empire Music Production Tax Credit into law.
The bill, which is sponsored by Golden and Assemblyman Joe Lentol, passed both houses of the legislature last month. If signed, those eligible for the tax incentive (companies who produce 75% of their project in New York state) will be able to include production costs under the credit’s provisions like studio rental fees, engineering, mixing, and mastering services.
Billboard | Governor Urged to Sign Tax Credit to ‘Jumpstart’ Music Production in New York State
Crain’s New York Business | Industry professionals urge Cuomo to enact music- and gaming-production tax incentives
Brooklyn Daily Eagle | Pols push tax credit for recording studios
[Photo courtesy of: NY 1 News]
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