Dear Friends,
We lost the committee vote yesterday to move forward the balanced budget that preserved the film industry.
The budget amendment that passed puts a $45 million limit on the film production tax credit.
Effectively reducing our amount of available revenue from the film industry by 30-50%.
The budget had been balanced, the compromise to save Martinez's $25 million had been made.
Then the republican who was co-sponsoring the win win budget plan backed out of the committee vote,
leaving the Taxation & Revenue Committee in a closed door meeting.
Both democrats and republicans voted to make this unnecessary and arbitrary cut to the industry.
The budget bill is being heard again on the House Floor tomorrow morning.
If there is one thing we ask, is to come to the roundhouse tomorrow between 8 and 9 am.
We must let the House of Representatives know that we support the film industry.
If we have the turnout tomorrow morning like we did for the Kintigh bill committee hearing a couple weeks ago, we will make a difference.
We are so grateful for everyone who came to the roundhouse that day.
Now its time to do it again.
Thank you so much for support.
Movies make money for New Mexico.
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