For the last three years Kintigh has proposed an elimination of the tax incentive. And he only talks about the money going out. He seems to refuse to acknowledge the benefits of the incentive and how much money is brought into the state. And I don’t know from what authority he speaks when he says the movies will continue to come to this state without the incentives.
Sent: Tuesday, December 28, 2010 8:46 AM
Subject: [MISP] Legislator wants to get rid of incentive
This was on Channel 13 news last night
NM Film tax breaks to be cut?
Legislator wants to get rid of incentive
Updated: Monday, 27 Dec 2010, 10:19 PM MST
Published : Monday, 27 Dec 2010, 10:19 PM MST
· Reporter: Alex Tomlin
Now the move to get rid of them is officially underway.
Supporters of the tax breaks said getting rid of them will cost the state a lot more money than it will save.
But, one lawmaker said it's costing taxpayers millions we can't afford right now.
Kintigh has written a bill that would ax the film industry tax credit.
For every 100 dollars a film shooting in
“Over the last two years 135 million dollars have flowed out of the public treasury into the pockets of these film companies,” Kintigh said.
The State Film Office said critics are looking at it all wrong.
“We have to stop talking about just the money that goes out and look at the full equation, which is the money that comes back in,” Lisa Stout with the film office said.
Strout said production companies hire New Mexicans to run sets, rent local hotel rooms,
and eat at local restaurants.
Strout said it's plain and simple, just look at
“We have already had two different inquiries about coming to New
She said films will move on to one of the 43 other states offering incentives if
But, Kintigh said he thinks the industry can survive here without the cash back reward.
“I don't think we are going to miss out on any money, we are going to make money, we are going to stop the bleeding from the state treasury,” Kintigh.
Other state representatives have said they would like to scale back the film industry incentives, but still support offering something to get movies to keep rolling in
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Nearly every state in the country was vying for the highly anticipated acti