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F I S C A L I M P A C T R E P O R T
SPONSOR Wirth
ORIGINAL DATE
LAST UPDATED
3/01/2007
HM 43
SHORT TITLE NM Film Industry task Force
SB
ANALYST McOlash
APPROPRIATION (dollars in thousands)
Appropriation
Recurring
or Non-Rec
Fund
Affected
FY07
FY08
NFI
(Parenthesis ( ) Indicate Expenditure Decreases)
Relates to a number of bills (see
CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP)
SOURCES OF INFORMATION
LFC Files
SUMMARY
Synopsis of Bill
House Memorial 43 requests the Governor to form a task force to assess the financial
opportunities and incentives provided to New Mexico-based film production companies in
relation to non-New Mexico-based production companies and report recommendations for
improvements to state law and economic development incentives to provide greater support to
the New Mexico-based companies.
The Memorial requests the task force to report its findings and recommendations to the Governor
and the appropriate legislative committee by November 1, 2007.
Copies of the Memorial are to be forwarded to the Governor, the State Investment Officer, the
Secretary of Economic Development, the Secretary of Taxation and Revenue, the Director of the
New Mexico Film Division, and the Governors Council on Film and Media Industries.
SIGNIFICANT ISSUES
The Memorial resolves that the task force consist of members of each of the following:
New Mexico Film Division;
Taxation and Revenue Department;