Music industry leaders are encouraging the legislature to include a production tax credit in this year's budget. They argue that fewer artists are choosing to record in New York, and as a result, other businesses are losing money. To reverse the trend, they are asking for $25 million in funding to create a credit that would cover 25-percent of recording costs for albums made in New York City and 35-percent for any albums produced upstate. Co-founders of the NY is Music coalition, Justin Kalifowitz and Bill Harvey, and Maya Kremen of American Federation of Musicians Local 802, joined us to explain.
Music Tax Credit Under Consideration
By Capital Tonight Staff Albany Capital Region