THE STATE'S CAP ON FILM SUBSIDIES IS BACK ON THE AGENDA IN SANTA FE. TWO YEARS AGO THE LEGISLATURE AGREED TO LIMIT THE PAY OUTS TO 50 MILLION DOLLAR A YEAR. NOW SOME DEMOCRATIC LAWMAKERS WANT TO REMOVE THE CAP IN AN EFFORT TO CREATE JOBS.

 

NEW MEXICO OFFERS A 25 PERCENT REFUND ON CERTAIN EXPENDITURES FOR ON T-V AND FILM PRODUCTION. THE GOVERNOR'S OFFICE OPPOSES THE REMOVAL OF THE CAP BUT DOES SAY IT WILL PROPOSE ALLOWING UN-USED CAP MONEY TO CARRY OVER TO THE FOLLOWING YEAR.