Bill > SB565

This bill amends existing New Mexico law concerning tax credits for film production companies. Specifically, it modifies Section 7-2F-1 of the New Mexico Statutes Annotated (NMSA) 1978, which pertains to the "film production tax credit" for companies that began principal photography before January 1, 2016. The bill's core purpose, as indicated by its title and the government summary, is to limit this film production tax credit, although the provided XML snippet only shows the beginning of the section being amended and does not detail the specific limitations being introduced.