Saturday, March 16, 2013

New Mexico Governor Vetoes Increase In Film Tax Credit

Gov. Susana Martinez opposed the so-called 'Breaking Bad bill' that would have raised the state's film tax credit to 30% from 25% for TV series shooting at least six episodes in New Mexico, AP reported. Martinez told the Legislature she supports the film industry but objected to a subsidy just for Hollywood rather than making it part of an overall package of economic incentives she's backing. With New Mexico-filmed Breaking Bad in its final season and In Plain Sight already wrapped, backers of the incentive are worried about attracting new productions. The bill's sponsor House Majority Whip Antonio 'Moe' Maestas, D-Bernalillo, said he still hoped to pass some form of the incentive before lawmakers adjourn Saturday.

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