Film tax credit bill clears New Mexico Legislature

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SANTA FE (AP) – A bill that would encourage the film industry to buy and hire locally has cleared the New Mexico Legislature.

The measure sponsored by Republican Sen. William Payne of Albuquerque was unanimously approved by the Senate last week. The House approved the measure Wednesday on a 51-2 vote.

The bill now goes to the governor.

Under the proposal, tax credits would be adjusted to encourage production companies to hire New Mexico crew members, patronize local sound stages and sets and purchase goods and services from local vendors.

The bill also clarifies which production expenditures may be eligible for the film credit and it adds television pilots to the type of productions eligible for increased credits.

Industry leaders say production in the state is showing no signs of slowing.

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