Broadway producers fight to revive tax credit program that was a smash hit for business, but a flop for bean

It looks like Broadway is looking for an encore – not just applause, but also with cash.

The Broadway League, an organization of 700 producers, theater owners and operators, general managers, and others, is seeking to get the state to add more funding to a tax credit that is close to being used up for the year.

The New York City Musical and Theatrical Production Tax Credit, a 25% financial incentive against approved production costs with a cap of $3 million for Broadway and $350,000 for Off Broadway, is funded to the tune of $100 million for this year. But more shows than usual, along with high costs, resulted in a run on the credit — so much so that the New York State Empire Development, the state’s economic development arm, says it doesn’t expect it will be able to meet demand for all