New Mexico lawmakers propose changing film and TV subsidies
SANTA FE, N.M. — New Mexico lawmakers are working on a compromise proposal to sweeten a tax subsidy in hopes of drawing more television projects to the state.
A House committee on Monday postponed consideration of a film industry measure after a Democratic legislative leader said more time is needed to reach agreement with the Senate, Republican Gov. Susana Martinez and the entertainment industry.
"We want to send a unifying message to the industry that the state of New Mexico welcomes and wants the film industry here," House Majority Whip Antonio "Moe" Maestas, D-Albuquerque, told the Taxation and Revenue Committee.
He and other Democrats have proposed revamping the 25 percent tax refund that New Mexico offers for certain film and TV production expenses. His measure would boost the incentive by 5 percent for a TV series that produces at least six episodes in New Mexico.