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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 Governor’s 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;
pg_0002
House Memorial 43 – Page
2
•
State Investment Council;
•
Governor’s Council on Film and Media Industries;
•
New Mexico’s Producers Coalition; and
•
Three representatives of film production companies that are organized in New Mexico
and are operated and managed by New Mexico residents and other members as deemed
necessary.
CONFLICT, DUPLICATION, COMPANIONSHIP, RELATIONSHIP
Relates to:
•
SB 908 – Bernalillo Native American Film Festival
•
SB 802 – Film Production Tax Credit for Postproduction
•
SB 758 – Film & Media Employment Training
•
SB 757 – UNM Film & Digital Media Program
•
SB 739 – Severance Tax fund Investment in Film Funds
•
SB 623 – El Camino Real History Documentary
•
SB 525 – Media Arts & Entertainment Dept. Act
•
SB 524 – NM Film Festivals
•
SB 459 – NMSU Virtual Film School
•
SB 384 – Film & Media Employment Training
•
SB 380 – Dept. of Health Film Project
•
SB 379 - Promote NM Film & Media Enterprises
•
SB 375 – American Indian Arts Film & TV Workshop
•
SB 1186 b- Media Arts & Entertainment Dept. Act
•
SB 113 – International Indigenous Film Festival
•
SB 1088 – Padre Antonio Jose Martinez Film
•
HB 953 – NMSU Grants Film Technician Development
•
HB 837 – Documentaries on Renewable Energy
•
HB 834 – New Mexico Chile Documentary
•
HB 761 – Indian Arts institute Film & TV Workshop
•
HB 757 – Film Production Tax Credit Applicability
•
HB 676 – International Digital Filmmaking Festival
•
HB 529 – Media Arts & Entertainment Dept. Act
•
HB 253 – NMFA Economic Development Fund Projects
•
HB 1189 – El Camino Real Documentary Film
•
HB 1121 – International Environmental Film Festival
•
HB 1180 – Public-Private Facility Bond Financing
BM/mt