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.