That amount of a film and television tax credit for the total payments of direct production expenditures for the services of performing artists shall not exceed five million dollars ($5,000,000) for services rendered by nonresident performing artists and featured resident principal performing artists in a production. This limitation shall not apply to the services of background artists and resident performing artists who are not cast in industry standard featured principal performer roles.
History: Laws 2015, ch. 143, § 9.
Effective dates. — Laws 2015, ch. 143 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2015, 90 days after the adjournment of the legislature.
Structure New Mexico Statutes
Article 2F - Film Production Tax Credit
Section 7-2F-1.1 - Short title.
Section 7-2F-2.1 - Additional definitions.
Section 7-2F-3 - Purposes; goals.
Section 7-2F-4 - Reporting; accountability.
Section 7-2F-7 - Additional credit; television pilots and series.
Section 7-2F-8 - Additional credit; qualified production facilities.
Section 7-2F-9 - Additional credit; nonresident industry crew.
Section 7-2F-10 - Payments for performing artists; credit limitation.
Section 7-2F-11 - Requirements to contract with certain vendors.