NEW MEXICO

PROPOSED LEGISLATION (STILL IN THE HOUSE OR SENATE)

FEBRUARY 28, 2010

In a separately introduced bill New Mexico sets statewide limits on the current film incentive program. The aggregate amount of tax credits approved is not to exceed $50 million in any fiscal year. Once the limit is reached, all unprocessed applications for credit will be carried forward to the next fiscal year, and processed in the order in which the New Mexico film division received before new applications are processed.  Under this proposal, all other provisions of the existing incentive program would remain unchanged.

For more information please contact:

Joe Bessacini
Vice President, Film & TV Production Incentives
818-480-4427
jbessacini@castandcrew.com

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