The Colorado State Senate has passed incentive legislation doubling rebates for film production.
From the Denver Post: (click for full article)
Colorado’s 10 percent film incentive program was one of the weakest, especially when compared to 25 percent incentive programs in neighboring New Mexico, Wyoming and Utah. (New Mexico’s 25 percent incentive has lured 159 major productions in the past nine years, stirring almost $4 billion in economic impact and paying out $253 million in rebates, according to the New Mexico Film Office.)
While New Mexico’s reigning administration is angling to drag out multi-year “study” of State Film Incentives impact, today Deadline reports that a study released by Ernest & Young shows that state film incentive programs are good for local economies.