NY Gov. Andrew Cuomo Sets Tax Credits For Covid-Hit Arts & Entertainment In 2021 Budget (deadline.com)
New York Governor Andrew Cuomo said the state’s budget for 2021 includes $130 million for what he calls a Pandemic Recovery and Restoration Program to support arts and entertainment, hotels and restaurants hit by Covid-19.
He presented two versions of the budget document, the working one assumes the federal government gives the state $15 billion that it is asking for to plug its massive virus-related deficit — which Cuomo believes is fully the fault of the feds under outgoing President Donald Trump.
The program calls for three new tax credits and expands another for smaller businesses in the accommodation, arts and entertainment, restaurant and musical and theatrical production industries to help them “recover from the pandemic and bring back jobs to New York.”
By: Jill Goldsmith
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