Another busy day in the Roundhouse today, with most of the work taking place in the House committees. The House passed an expansion of the three strikes law and continued to work on amendments to the Senate budget package and their own budget fix proposals. We could give you all the details but there are plenty of other sources for that. All that readers of this space want to know is what’s happening with the Film and Television Incentive Program. We are happy to report that nothing related to film was discussed today, including no discussion on HB15 in the House Ways and Means Committee.
HB15, as we mentioned in yesterday’s update (click here if you missed it), is a stand-alone bill introduced by Republican representatives Rod Montoya (R-Farmington), David M. Gallegos (R-Eunice), James R.J. Strickler (R-Farmington) and James G. Townsend (R-Artesia), which would make a temporary, one-year reduction in the film incentive program cap from $50M per year to $25M per year.
The FBANM strongly opposes this bill. The bill does not even accomplish its stated goal, since funds for the current fiscal year are already committed under contract by law and obligated by the State of New Mexico.
It is very important to note that this was introduced as a stand-alone bill, rather than as an amendment to the budget bills from the Senate, meaning that the sponsors of the bill failed to gather enough support in the Republican caucus to include this in the House Budget Compromise. We are hoping that this bill will die in committee before it ever gets to the House floor.
We will continue to monitor events closely and keep you posted.
If you missed Day 1 and Day 2 of our Special Session updates, click here and here. For more information on the positive impacts of the film industry in New Mexico, visit our website at www.fbanm.com.