The best show on TV over the past five years has, in my not-so-humble-opinion, been AMC’s Breaking Bad. This is one over-hyped show that lives up to all of it (and more). .
While the on-air sage of Walter White concludes this summer, Breaking Bad‘s pop-culture legacy may take a back-seat to it’s legislative and fiscal ones.
From The Hollywood Reporter:
New Mexico Gov. Susana Martinez signed into law Thursday the state’s “Breaking Bad” bill, which will increase subsidies on film and TV productions shot in the state now famous for the AMC drama.
The law increases New Mexico’s rebate for series television production to 30 percent of a producer’s total qualified spend in the state. Feature films will get 30 percent back on resident labor if using a qualified production facility. They will also get 25 percent back on all other expenses. In addition, a roll-over of $10 million in unused credits per fiscal year will be allowed.
The news comes after Martinez, a Republican who previously has tried to rein in production subsidies, vetoed the bill March 15. The state previously offered a 25 percent tax refund on qualifying productions, with a cap of $50 million per year. Martinez put the cap in place in 2011, with members of the film and TV industry blaming it for a drop in New Mexico productions.
As a recent transplant to Los Angeles with many friends currently working at various levels of the entertainment industry, I’ve seen and heard about the effects of studios taking their film and television projects to other states (and countries) first-hand. (more…)