By Rene Thompson, Staff Reporter
New legislation to the Film Bill could raise the Tax Incentive cap for the filming industry, and film students as well as local members of the film industry could be affected by these changes for the better.
The “Breaking Bad bill” would raise the tax incentive for television shows filmed in New Mexico that hire New Mexico residents for 60 percent of their crew from 25 percent to 30 percent as an offset to the $50 million cap that was placed on the incentive in 2011.
The bill has already passed the House of Representatives and is moving onto the Senate, according to the New Mexico Legislature website.
Full-time Film Instructor and Local 480 Film Technician Union member Jim Graebner said raising the bill is crucial because it means there will be more opportunities for television shows to be filmed in New Mexico.
Continue reading “Film tax increase bill offers hope to students, industry”