House Majority Whip Antonio "Moe" Maestas of Albuquerque introduced a measure Thursday to raise the tax subsidy to 30 percent for TV series that produce at least six episodes a year in
. New Mexico
The state provides no more than $50 million in tax credits each year.
Under Maestas' proposal, subsidies that go unused under the cap could be carried over to the next year. That potentially makes more than $50 million available in some years.
The state paid out about $9 million in subsidies in the last budget year and $21 million so far this year.