You will be redirected back to your article in seconds

New Mexico Governor OKs Sweetened Production Incentives

Legislation hikes rebates to 30%

New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production.

The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. Feature films will also be eligible for a 30% rebate on resident labor if they use a qualified production facility and for a 25% rebate on other expenses.

Martinez and New Mexico legislators worked out a deal last month for a package of tax cuts after Martinez said she could not give tax cuts to only the film industry.

The bill has been dubbed the “Breaking Bad Bill” since the series has been filmed since 2007 in Albuquerque, where its final episodes are being shot. It also provides for the roll-over of up to $10 million in unused funds in each fiscal year.

“The phone started ringing right after the legislature passed the bill, even before the governor signed it,” said Wayne Rauschenberger of Albuquerque Studios. “We’re hearing from a lot of folks that we haven’t heard from in a while, hoping to reserve the stages for summer and fall. Now that it’s official, I’m expected the floodgates will really open up and we’re going to very busy.”

More Film

  • Abbas Kiarostami

    APSA to Honor Late Abbas Kiarostami, Newcomer Ilgar Najaf

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

  • village rockstars TIFF

    Village Rockstars,' ‘Summer 1993’ win Mumbai Film Festival

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

  • Vivien Leigh

    Vivien Leigh Biopic in Works From 'Feud: Bette and Joan' Writers (EXCLUSIVE)

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

  • Bill Nighy

    Film News Roundup: Bill Nighy, Jack Lowden to Star in Comedy 'Made in Italy'

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

  • Busan: Director Kamila Andini on Balancing

    Busan: Director Kamila Andini on Balancing Motherhood and Filmmaking

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

  • VidAngel logo

    VidAngel Declares Bankruptcy to Put Copyright Fight on Hold

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

  • Morgan Freeman Colin Powell

    Morgan Freeman to Play Colin Powell in Biopic

    New Mexico Gov. Susana Martinez has signed legislation to increase the state’s incentives for film and television production. The provisions, included as part of a tax reform bill dubbed the New Mexico Jobs Package, increases the state’s rebate for series TV production to 30% from 25% of a producer’s total qualified spend in New Mexico. […]

More From Our Brands

Access exclusive content