Bill > SB60

This bill provides a gross receipts tax deduction for security services sold to a film production company. Specifically, it allows for the deduction of receipts from the sale of security services to a film production company for the provision of security services on the location of a production of a commercial audiovisual product, such as a movie or TV show. The deduction applies prior to July 1, 2027, and the key definitions, such as "commercial audiovisual product" and "film production company," are taken from the existing Film Production Tax Credit Act. The bill has an effective date of July 1, 2022.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=60&year=22