NeW

NM: 2 bills filed to change film credit program

AP News
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Posted: Jan 23, 2012 2:09 PM
NM: 2 bills filed to change film credit program

New Mexico lawmakers are preparing for another debate over rebates to the film industry.

Rep. Al Park, a Democrat from Albuquerque, has filed a bill to repeal the $50 million annual cap rebate cap put in place after Gov. Susana Martinez took office last year. Backers of the bill say the cap stifles one of the state's healthiest industries.

Separately, a bill filed by Rep. Dennis Kintigh, a Roswell Republican, would do away with the film incentive program altogether.

But a spokesman for the governor says she opposes both bills and will veto them if they hit her desk. Scott Darnell says the current film subsidy cap has established stability and predictability in the budget and the film subsidy program, while protecting core priorities like classroom spending and health care.