Legislative Roundup: 9 Days Remain In 2021 Session
SFNM
Bad for box office: Thanks to the pandemic, 2020 was not a good year for movie theaters. Most shut down completely nearly a year ago, and the few that have found a way to keep operating have had to contend with small, socially distanced audiences; a fraction of the usual crowd. The National Association of Theater Owners has estimated up to 70 percent of small or midsize cinemas won’t survive long enough to reopen after health order restrictions are lifted.
The House Taxation and Revenue Committee discussed the issue Wednesday when Rep. Rebecca Dow (R-Truth or Consequences), introduced House Bill 350, which would give cinema owners a gross receipts tax break to help them survive.