Posted at: 02/20/2013 2:45 PM
By: BARRY MASSEY Associated Press
SANTA FE, N.M. (AP) - New Mexico lawmakers have approved a proposal to increase tax incentives for television shows filmed in the state.
Supporters said Wednesday the measure could help draw more TV series to New Mexico. The award-winning series "Breaking Bad" is set in Albuquerque and filming a fifth and final season.
New Mexico offers a 25 percent tax refund for certain film and TV production expenses. Legislation approved unanimously by the House increases the incentive to 30 percent for a TV show producing at least six episodes in New Mexico.
A $50 million annual limit remains on the tax subsidies provided for all film and TV projects, but the bill allows unused subsidies below the cap to be carried over to the next year.
The measure heads to the Senate for consideration.
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