SANTA FE, N.M. (AP) — New Mexico lawmakers are working on a compromise proposal to sweeten a tax subsidy in hopes of drawing more television projects to the state.
A House committee on Monday postponed consideration of a film industry measure after a Democratic legislative leader said more time is needed to reach agreement with the Senate, Republican Gov. Susana Martinez and the entertainment industry.
“We want to send a unifying message to the industry that the state of New Mexico welcomes and wants the film industry here,” House Majority Whip Antonio “Moe” Maestas, D-Albuquerque, told the Taxation and Revenue Committee.
He and other Democrats have proposed revamping the 25 percent tax refund that New Mexico offers for certain film and Login to read more