Breaking Bad Bill Becomes Law
NEW MEXICO has signed into law it’s so-called Breaking Bad tax bill. The measure ramps up the state’s rebate for television production to 30% of a producer’s qualified spend in New Mexico.
The bill was named after AMC’s Breaking Bad, which is being filmed at Albuquerque Studios. Feature films are eligible for a 30% rebate on resident labour, if a qualified production facility is used, and 25% on all other expenses in the state. The law, Deadliine reports, also provides for the rollover each fiscal year of up to $10 million in unused funds.