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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 2F - Film Production Tax Credit
Section 7-2F-10 - Payments for performing artists; credit limitation.
Universal Citation: NM Stat § 7-2F-10 (2019)
That amount of a film and television tax credit for the total payments of direct production expenditures for the services of performing artists shall not exceed five million dollars ($5,000,000) for services rendered by nonresident performing artists and featured resident principal performing artists in a production. This limitation shall not apply to the services of background artists and resident performing artists who are not cast in industry standard featured principal performer roles.
History: Laws 2015, ch. 143, § 9.
ANNOTATIONSEffective dates. — Laws 2015, ch. 143 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 19, 2015, 90 days after the adjournment of the legislature.
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