‘Rust’ Film Incentive Application Denied by New Mexico Tax Authorities

New Mexico tax authorities have denied an application by the producers of “Rust” that would have been as much as $1.6 million, and are facing a late-July deadline to appeal, according to the Associated Press.

Rust Movie Productions had filed for the incentives, which were denied sometime this spring, the AP reported, citing documents it obtained. Alec Baldwin, producer and star of the ill-fated production, is set to go to trial starting next week on involuntary manslaughter charges from the accidental fatal shooting of cinematographer Halyna Hutchins.

An attorney representing the production company said the tax incentive would have helped fund a legal settlement already struck between producers and Hutchins’ family.

“The denial of the tax credit has disrupted those financial arrangements,” Melina Spadone told the AP. She was a key figure in brokering the 2022 settlement, terms of which are confidential, that allowed the idled production to start up again. The production wrapped in 2023.

Payments toward the settlement are as much as a year behind, according to court documents revealed earlier this year. New Mexico’s film incentives program is among the nation’s most robust, right behind Georgia, with qualified expenses being reimbursed up to 40%.

Related Posts

Cannes Palme d’Or Winner ‘Anora’ Debuts First Trailer Starring Mikey Madison | Video

Cannes Palme d’Or Winner ‘Anora’ Debuts First Trailer Starring Mikey Madison | Video

Cannes Palme d’Or winner “Anora” has officially debuted its very first trailer for the film starring Mikey Madison (“Better Things”). “Hi, I’m Ani. Hi, I’m Ani. You…

Timothée Chalamet in Talks to Star in, Produce Josh Safdie Ping-Pong Film ‘Marty Supreme’

Timothée Chalamet in Talks to Star in, Produce Josh Safdie Ping-Pong Film ‘Marty Supreme’

Timothée Chalamet is in final talks to star in and produce A24’s “Marty Supreme,” a film that will be directed and cowritten by Josh Safdie. The project…

Netflix Promotes Natalie Bjelajac to VP of US Publicity, Events and Publishing

Netflix Promotes Natalie Bjelajac to VP of US Publicity, Events and Publishing

Netflix has promoted Natalie Bjelajac to the role of vice president of U.S. publicity, events and publishing. The executive, who joined the streamer in 2018 as senior…

Paul Rudd and Nick Jonas’ ‘Power Ballad’ From Director John Carney Lands at Lionsgate

Paul Rudd and Nick Jonas’ ‘Power Ballad’ From Director John Carney Lands at Lionsgate

Lionsgate has acquired “Power Ballad,” the new film from John Carney that stars Paul Rudd and Nick Jonas, for release in the U.S., Canada, the U.K. and…

Nicolas Cage’s 9 Best Horror Movie Performances, Ranked by Intensity

Nicolas Cage’s 9 Best Horror Movie Performances, Ranked by Intensity

Nicolas Cage has perfected the art of madness, whether he’s merely losing his characters are losing their temper or losing his effing mind. Where does his new…

‘Despicable Me 4’ Scores .6 Million in 2nd Box Office Weekend

‘Despicable Me 4’ Scores $44.6 Million in 2nd Box Office Weekend

Universal/Illumination’s “Despicable Me 4” continues to deliver at the box office, adding $44.6 million in its second weekend to push it to $211 million in domestic grosses….