The Albuquerque Journal reports Tuesday that the state expects the total in film credits for the just ended fiscal year to be $85 million to $95 million. That's $20 million to $30 million more than estimated during the last legislative session, when lawmakers -- under pressure from Gov. Susan Martinez to cut the credit -- adopted an annual cap of $50 million for such rebates beginning in the just started fiscal year. Read more
Jul 13, 2011
Film tax credit soars ahead of cap
The Albuquerque Journal reports Tuesday that the state expects the total in film credits for the just ended fiscal year to be $85 million to $95 million. That's $20 million to $30 million more than estimated during the last legislative session, when lawmakers -- under pressure from Gov. Susan Martinez to cut the credit -- adopted an annual cap of $50 million for such rebates beginning in the just started fiscal year. Read more
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