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State budget includes tax credits for use at Proctors, other upstate theaters

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The upstate tax credit Proctors CEO Philip Morris and other theater companies have been seeking for more than a year is on the verge of reality. The Upstate New York Musical and Theatrical Production Tax Credit is part of the state budget; barring any late changes, the credit will take effect in January. The bill provides for a 25 percent tax incentive to producers of major touring and theatrical productions who opt to launch such ...

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