“The phone started ringing right after the legislature passed the bill, even before the governor signed it,” according to Albuquerque Studios COO Wayne Rauschenberger. That’s the studio where AMC’s Breaking Bad is about to complete its 6-year run. “We’re hearing from a lot of folks that we haven’t heard from in a while, hoping to reserve the stages for summer and fall.” That’s because New Mexico’s new film/TV incentives took effect starting Monday. Called the ”Breaking Bad” law, it increases the state’s rebate for series television production to 30% of a producer’s total qualified spend in New Mexico. Feature films also get 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. tourists. Provisions of the law pertaining to support for crew training programs in New Mexico do not take effect until January 1, 2014.
By THE DEADLINE TEAM | Tuesday April 16, 2013 @ 5:19am PDT
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