Democrats propose lifting film subsidy cap in NM

January 28, 2013 • State News

SANTA FE, N.M. (AP) — A fight is brewing between the Democratic-controlled Legislature and Republican Gov. Susana Martinez over whether New Mexico should offer more tax subsidies for film production.

House and Senate Democratic legislative leaders said Monday they’re working on measures to boost the economy and create jobs. One proposal is to lift a cap on film tax incentives.

New Mexico provides a 25 percent refund on certain expenditures on film and television projects.

The state will hand out no more than $50 million in tax credits each year under a law Login to read more

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