Written by new-contact on Feb 20, 2013. Posted in Incentive News

New Mexico ‘Breaking Bad bill’ would deliver higher television location filming incentive

New Mexico’s proposed ‘Breaking Bad bill’ would increase the state’s location filming tax credit for TV productions to 30% from the existing 25% figure. The bill is named after the acclaimed TV drama that comes to an end this year after five seasons based in Albuquerque.

“My bill’s 5% rebate increase for TV productions filming in New Mexico is a critical investment,” Representative Moe Maestas told the New Mexico Telegram: “We know that successful TV shows employ New Mexicans and also purchase goods and services from local small businesses for two, four, sometimes six years.”

While the ‘Breaking Bad bill’ focuses on TV projects and will now go before the House for consideration, New Mexico politicians are also lobbying to improve the state’s film tax credit. The aim is to remove the annual USD50 million payment cap to help attract more big-budget shoots.

My bill’s 5% rebate increase for TV productions filming in New Mexico is a critical investment.

Representative Moe Maestas

Some New Mexico politicians were initially wary of Breaking Bad's story of a chemistry teacher turning to crystal meth production, but the show has won massive critical acclaim and has even boosted local film tourism.