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New Mexico Commercial Production Incentives

State Incentives

Questions about the New Mexico Incentive Program?

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    Type of IncentiveRefundable Tax Credit
    Incentive Amount25-35%
    ResidencyResident cast and crew only. (15% for non-resident crew when certain criteria are met, including 2.5% give back.)
    Minimum SpendNone
    Production CapNone
    Salary Cap$20,000,000 aggregate cap on performing artists' wages per project. Excludes background.
    Annual Cap$110,000,000 annual rolling cap
    Application TimelineProject registration must be completed at least 30 days before principal photography. The project must apply for the credit within one (1) year of the date of the last direct production or post production expenditure in New Mexico.
    Loan-Out RegistrationYes
    Loan-Out Withholding4.9% withholding and gross receipts tax of 5.9%
    CPA AuditNM Department of Revenue will audit projects receiving a credit <$5M. CPA audit required for a credit >$5M.

    New Mexico Film Office

    www.NMFilm.com

    25% base credit.

    +  5% is available if certain criteria are met regarding the use of qualified production facilities (“QPF”) soundstage / western set.

    QPF list:

    https://nmfilm.com/wp-content/uploads/2021/01/Qualified-Production-Facilities1.6.2021.pdf

    +5% for payments for direct production expenditures and postproduction expenditures in New Mexico areas that are at least sixty miles outside of the exterior boundaries of Bernalillo and Santa Fe Counties.  Aka ‘uplift’ zone.

    Uplift zone map:

    https://nmtrd.maps.arcgis.com/apps/View/index.html?appid=dd7b4e826098454db5bce1caa6a11a08