Thursday, March 3, 2011

High drama as film tax credit cap passes

Trip Jennings | The New Mexican

An interesting excerpt:

"Several attempts to change the $45 million limit were made. But every amendment suggested was voted down, including one that would have raised the limit to $60 million and another sponsored by Santa Fe Democrat Brian Egolf. Egolf's amendment would have made the adoption of the $45 million film limit contingent on the state's reduction to the same level — $45 million — of the amount of tax breaks New Mexico gives each year to the oil and gas industry. " More>>>>

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