The so-called “Breaking Bad” bill is now law. New Mexico Gov. Susana Martinez today signed the legislation which increases the state’s rebate for series television production to 30% of a producer’s qualified spend in the state. Feature films will be eligible for a 30% rebate on resident labor if they use a qualified production facility, and 25% on all of their other expenses. The law also provides for the roll-over of up to $10 million in unused funds in each fiscal year. The bill was named after AMC’s Breaking Bad, now in its final season, which is filmed at Albuquerque Studios.
New Mexico Gov. Signs Film TV Tax Credit Bill Into Law
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