The purposes and goals of the Film Production Tax Credit Act are to: A. establish the film industry as a permanent component of the economic base of New Mexico; B. develop a pool of trained professionals and businesses in New Mexico to supply and support the film industry in the state; C. increase employment of New Mexico residents; D. improve the economic success of existing businesses in New Mexico; and E. develop the infrastructure in the state necessary for a thriving film industry. History: Laws 2011, ch. 165, § 4; 2016, ch. 77, § 3. ANNOTATIONSThe 2016 amendment, effective May 18, 2016, in the introductory sentence, after 'Tax Credit', added 'Act'.
New Mexico Legal Code