Sections 41, 194 and 212 of Chapter 238 of the Acts of 2024 (the “Act”) created a new five-year pilot program for a live theater tax credit to support eligible live theater productions in the Commonwealth. The Act requires the Massachusetts Office of Business Development (“MOBD”), in consultation with the Department of Revenue (“DOR”), to promulgate regulations, accept applications, certify the eligibility of applicants and allocate credits on a competitive basis up to an annual cap of $7 million.
MOBD currently is working in consultation with DOR to develop the required regulations and application for certification. MOBD will not accept applications for certification until a standardized application form is available. Any interested parties that wish to be notified of updates regarding the live theater tax credit regulations and application form should provide the requested information via this website. Inquiries may also be directed to livetheatercredit@mass.gov.
Issued: 2/28/2025