The Jimmy Fallon Tax Credit

Here’s one shoe dropping (via the New York Times):

NBC has settled on two new stars for “The Tonight Show”: Jimmy Fallon and New York City.

The network has made a commitment to Mr. Fallon, the current host of its “Late Night” program, for him to succeed Jay Leno as the next host of “Tonight,” according to several senior television executives involved in the decision. As part of the agreement, the show would move from Burbank, Calif., back to New York, where it started in 1954 with Steve Allen as host….

NBC has quietly begun work on a new studio in its headquarters building at 30 Rockefeller Plaza as the home for the new “Tonight Show,” two executives said. The studio is part of a general reconstruction of the building being undertaken by Comcast, which this week completed a full takeover of NBCUniversal.

Aaaaaaand here’s the other (via the New York Daily News):

Call it the Jimmy Fallon tax credit.

Quietly tucked into tentative state budget is a provision that would help NBC move “The Tonight Show” back to New York, the Daily News has learned.

The provision would make state tax credits available for the producers of “a talk or variety program that filmed at least five seasons outside the state prior to its first relocated season in New York,” budget documents show.

Glad New York taxpayers could help out NBC and Jimmy with some long green.

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Ed Kilgore

Ed Kilgore, a Monthly contributing editor, is a columnist for the Daily Intelligencer, New York magazine’s politics blog, and the managing editor for the Democratic Strategist.