Senator John Arthur Smith, the Chair of both the Finance & Revenue Stabilization and Tax Policy Committees, introduced SB 235 yesterday. The bill calls for a $2 million cap per project on the film incentive rebates. This would apply to all future TV/Theatrical productions shooting in the state. If passed, this would clearly injure the NM film industry.
Helping with Film & Media Day is now more important than ever. It looks like this bill will be heard on Friday, February 5 at 1:30 p.m. and we’ll be rallying the troops prior to the reading of the bill.