FILE - Alec Baldwin attends the Roundabout Theatre Company's annual gala at the Ziegfeld Ballroom on Monday, March 6, 2023, in New York. Charles SykesSANTA FE, N.M. —
“The denial of the tax credit has disrupted those financial arrangements,” said Spadone, a New York- and Los Angeles-based senior counsel at Pillsbury Winthrop Shaw Pittman. She helped broker the 2022 settlement that rebooted the stalled production of “Rust” in Montana with some of the original cast and crew, including Baldwin and Souza. Filming wrapped up last year.
The state's film incentives program is among the most generous in the nation, offering a direct rebate of between 25% and 40% on an array of expenditures to entice movie projects, employment and infrastructure investments. As a percentage of the state budget, only Georgia pays out more in incentives.
During a recent 12-month period, 56 film incentive applications were approved and 43 were partially or fully denied, Moore said.
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