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New Mexico's debates incentives for the film industry.

By SUSAN MONTOYA BRYAN Associated Press ABC

Supporters of New Mexico's burgeoning film industry breathed a sigh of relief Thursday as legislation aimed at wiping out tax incentives and restructuring a state loan program for film projects was stalled by a House committee. Learn More


 

Download PDF of the NM film Incentive at the New Mexico Film Website

 

ALBUQUERQUE, N.M. — We about three Hundreds people turned out to debate New Mexico's incentives for the film industry.

A packed auditorium in Albuquerque this Tuesday, people were funneled into an adjacent auditorium to see a webcast of the debate and 100 people had to be turned away.

Dozens of major productions have been filmed in New Mexico over the last eight years, and supporters say that has resulted in thousands of jobs, new film-related businesses and an overall financial impact of more than $3.5 billion.

Critics say the incentives make for poor tax policy and are too costly for the state.

Those debating the incentives include Reps. Brian Egolf, Dennis Kintigh, Janice Arnold Jones and Sen. Sue Wilson Beffort.

Credit Daily Journal

 

Back Story

Debate over New Mexico film incentives heats up as states compete to attract productions

“It is money that some people from California or Germany or Japan drop from an airplane and floats to the ground, money that was never in this state,” said the award-winning film producer. “People go and pick up that money and make a movie with it. Having made a movie with it, they say ‘Give me back 25 percent of that $100 million.’ Increase to the state? $75 million. The end.” Read more: Debate over New Mexico film incentives heats up as states compete t...

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