By a vote of 41 to 28, the House just tabled an amendment sponsored by Rep. Al Park, D-Albuquerque. It would have delayed until 2013 the effective date limiting to $45 million the amount of money New Mexico can pay out to TV and film industries in a single year.
In making his argument, Park reminded House lawmakers that the Senate earlier this week had passed legislation that would audit every TV and film production that qualifies for the state’s film production tax credit.
Delaying the limit would give the Legislature time to study the issue “so we can come back here and have a discussion based on hard core facts,” Park told his colleagues
But Rep. Larry Larranaga, R-Albuquerque, urged his colleagues to oppose the amendment because delaying the $45 million limit would throw the proposed state budget out of balance.
The proposed state budget, which the House passed earlier Wednesday, relies on the $45 million limit, Larranaga said.