New York Post: “Gov. Cuomo delivered a sour note to the music and digital gaming industry… vetoing legislation that would have provided millions of dollars in tax breaks to companies in both sectors doing business in New York.”
“The tax bill would have provided firms located in the city a 25 percent tax credit on production costs.”
The piece continues: “In his veto message, Cuomo said the Legislature was attempting to create two new tax credit programs totaling $50 million a year without funding to cover the costs.”