NEW MEXICO – The latest figure for paying off the backlog of rebates for movies and TV shows filmed in New Mexico through the end of the current year now stands at US$382 million.
That number, released in a report by the New Mexico State Film Office, takes into account productions that have not yet submitted financial paperwork and those productions that have not yet started filming in New Mexico.
The report helps explain the different amounts that have been mentioned in public statements, and breaks them down into three categories.
According to the document: “After extensive data collection and input that was not captured and presented during the past administration, NMFO, TRD (Tax and Revenue Department) and EDD (Economic Development Department) have found the backlog of submitted projects to be US$198 million.”
In addition, the New Mexico Film Office compiled information on the total film production costs that have not yet been submitted to Tax and Revenue. That amount is US$130.5 million.
Source: Albuquerque Journal