NM Pays $22M in Tax Credits to ‘Avengers’

ALBUQUERQUE, N.M. (AP) — New Mexico shelled out millions in movie tax credits to have a co-starring role in “The Avengers.”

KRQE-TV reports the state Taxation and Revenue Department says the production company behind the superhero flick, which opened May 4, has received more than $22 million in rebates.

The New Mexico Film Office says Marvel Worldwide poured at least $88 million into the state’s economy when they filmed here.

The office says nearly 80 percent of the movie was shot on location in Albuquerque, including the Old Railyards and soundstages at Albuquerque Studios.

The state currently offers a 25 percent film credit. The Legislature last year enacted a yearly $50 million cap on film incentives spending.

State revenue officials say “Avengers” producers were paid in June 2011, just before the cap took effect.

Read the Journal’s story on filming the hit movie in Albuquerque. Also, read the latest on state legislature researching whether film rebates hurt or help New Mexico.


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