Film Tax inventives
Governor hails bill to lift cap on film incentives
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Gov. Susana Martinez had a relationship with the film industry that could seem at times like something out of a shoot-em-up Western. Now, her successor wants to be the new sheriff riding in to town to save the day. Gov. Michelle Lujan Grisham touted new legislation on Friday that would eliminate the cap on tax credits for film and television shows shooting in New Mexico, a move backed by the burgeoning industry but still likely to meet with opposition from fiscally conservative lawmakers in her own party. Lawmakers voted in 2011 to limit the amount of money the state could pay under the incentive programs to $50 million a year. The state was not doling out that much money in credits at the time.