The purposes and goals of the Film Production Tax Credit Act are to:
A. establish the film industry as a permanent component of the economic base of New Mexico;
B. develop a pool of trained professionals and businesses in New Mexico to supply and support the film industry in the state;
C. increase employment of New Mexico residents;
D. improve the economic success of existing businesses in New Mexico; and
E. develop the infrastructure in the state necessary for a thriving film industry.
History: Laws 2011, ch. 165, § 4; 2016, ch. 77, § 3.
The 2016 amendment, effective May 18, 2016, in the introductory sentence, after "Tax Credit", added "Act".
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.