NEW MEXICO'S FILM INCENTIVES

25% TAX REBATE – Download PDF or click on the link below.

FILM INVESTMENT LOAN – Download PDF or click on the link below.

25% FILM PRODUCTION TAX REBATE
New Mexico offers a 25% tax rebate on all production expenditures (including New Mexico labor) that are subject to taxation by the State of New Mexico. This is a refund, not a credit.

FAQs – 25% TAX REBATE

FILM INVESTMENT LOAN PROGRAM
New Mexico offers a loan, with participation in lieu of interest, up to $15 million per project, (which can represent 100% of the budget) for qualifying feature films or television projects. Terms are negotiated and budget must be at least $2 million.


NO STATE SALES TAX
Not to be used in conjunction with the 25% tax rebate.
Type 16 Nontaxable Transaction Certificates (NTTCs) work much like grocery-store coupons. A certificate is presented at the point of sale and no gross receipts tax (sales tax) is charged. (Used primarily for commercials & PSAs)

FILM CREW ADVANCEMENT PROGRAM
New Mexico offers a 50% reimbursement of wages for on-the-job training of New Mexico residents in advanced below-the-line crew positions. New Mexican Supervisors and Keys have the opportunity to hire and mentor qualifying NM crew in advanced positions for this program.