4 April 2013 7:51 PM, PDT | Variety - Film News | See recent Variety - Film News news »
New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production.
The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. Feature films will also be eligible for a 30% rebate on resident labor if they use a qualified production facility and for a 25% rebate on other expenses.
Martinez and New Mexico legislators worked out a deal last month for a package of tax cuts after Martinez said she could not give tax cuts to only the film industry.
The bill has been dubbed the “Breaking Bad Bill” since the series has been filmed since 2007 in Albuquerque, where its final episodes are being shot. It also provides for the roll-over of up to $10 million in unused funds in each fiscal year. »
- Dave McNary
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