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",n&2 E% EX  A8-%%d&&d8  E    d C.Alongformnarrativefilmproductionforwhich  thefilmproductiontaxcreditisclaimedshallcontainanacknowledgmentthattheproductionwasfilmedinNewMexico.  d D.Asusedinthissection:  d  (1)"directproductionexpenditure"includes:  d    (a)thecostofastoryandscenariotobeusedforafilm;  d    (b)wagesorsalariesfortalent,managementandlaborpaidtopersonswhoareresidentsofNewMexico;  d    (c)thecostofsetconstructionandoperations,wardrobe,accessoriesandrelatedservices;  d    (d)thecostofphotography,soundsynchronization,lightingandrelatedservices;  d    (e)thecostofeditingandrelatedservices;  d    (f)rentaloffacilitiesandequipment;  d    (g)leasingofvehicles;  d    (h)costsoffoodorlodging; !$   d    (i)airfareifpurchasedthroughaNewMexicobasedtravelagencyortravelcompany;  d    (j)insurancecostsandbondingifpurchasedthroughaNewMexicobasedinsurancecompany;and  d    (k)otherdirectcostsofproducingthefilm;  d  (2)"film"meansasinglemediaormultimedia $,%2 program,includingnationaladvertisingmessages,thatisfixedonfilm,videotape,computerdisc,laserdiscorothersimilardeliverymedium,thatcanbeviewedorreproducedandthatisexhibitedintheaters,licensedforexhibitionbyindividualtelevisionstations,groupsofstations,networks,cabletelevisionstationsorothermeansorlicensedforthehomeviewingmarket;and  d  (3)"filmproductioncompany"meansapersonthatproducesfilmforexhibitionintheaters,ontelevisionorelsewhere.    d\    d E.Tobeeligibleforthefilmproductiontaxcredit,afilmproductioncompanyshallsubmittotheNewMexicofilmdivisionoftheeconomicdevelopmentdepartmentinformationrequiredbythedivisiontodemonstrateconformitywiththerequirementsofthissection.Thecompanyshallsubmittothedivisionacompletionbondforthefilmproductionforwhichthecompanywillbeclaimingacredit.Thedivisionshalldeterminetheeligibilityofthecompanyandshallreportthisinformationtothetaxationandrevenuedepartmentinamannerandattimestheeconomicdevelopmentdepartmentandthetaxationandrevenuedepartmentshallagreeupon. d   4&,*   d F.Toreceiveafilmproductiontaxcredit,afilmproductioncompanyshallapplytothetaxationandrevenuedepartmentonformsandinthemannerthedepartmentmayprescribe.Theapplicationshallincludeacertificationof $,%2 KH K8-%%d%%d8 K  theamountofdirectproductionexpendituresmadeinNew  Mexicowithrespecttothefilmproductionforwhichthefilmproductioncompanyisseekingthefilmproductiontaxcredit.Iftherequirementsofthissectionhavebeencompliedwith,thetaxationandrevenuedepartmentshallapprovethefilmproductiontaxcreditandissueadocumentgrantingthetaxcredit.  d G.Thefilmproductioncompanymayapplyalloraportionofthefilmproductiontaxcreditgrantedbythedocumentagainstpersonalincometaxliabilityorcorporateincometaxliability.Iftheamountofthefilmproductiontaxcreditclaimedexceedsthefilmproductioncompany'staxliabilityforthetaxableyearinwhichthecreditisbeingclaimed,theexcessshallberefunded. Section2.APPLICABILITY.TheprovisionsofthisactapplytotaxableyearsbeginningonorafterJanuary1,2002. Section3.EMERGENCY.Itisnecessaryforthepublicpeace,healthandsafetythatthisacttakeeffectimmediately. @@@)X@  -  4  ڀ-A