Bill > SB390

This bill changes the definition of "qualified production facility" as it applies to the film production tax credit in New Mexico. The key provisions are: 1) It requires a qualified production facility to have at least one sound stage with contiguous, clear-span floor space of at least 7,000 square feet and a ceiling height of no less than 21 feet, or at least one standing set that includes at least one interior and five exteriors, built or repurposed for film production use and located on at least 45 acres of contiguous space designated for film production use. 2) It provides definitions for various terms related to the film production tax credit, including "affiliated person," "background artist," "commercial audiovisual product," "industry crew," "New Mexico resident," "performing artist," "personal services business," "physical presence," "postproduction expenditure," and "principal photography."

Budget and Finance, Business and Industry, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=390&year=17