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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%
    ResidencyResident cast and crew only. Non-resident performing artists qualify if paid via a super-loan out
    Minimum SpendNone
    Production CapNone
    Salary Cap$20,000,000 aggregate cap on performing artists' wages per project
    Annual Cap$110,000,000 annual rolling cap
    Application TimelineRegistration and tax agreement forms should be submitted no later than 2 weeks prior to production
    Loan-Out RegistrationYes
    Loan-Out Withholding4.90% withholding and gross receipts tax of 5.125%
    CPA AuditNo

    New Mexico Film Office

    www.NMFilm.com