Jurisdiction Details | Production Incentives

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New Mexico

EP Services Offered

Eligible Production Types

Feature Films
Scripted Television
Reality Television
Documentaries
Animation
Video Games
Webisodes
Talk Shows
Game Shows
Live Events
Commercials

Location Production Needs

Rural
Suburban
Snow
Tropical
Beaches/Ocean
Mountains
Lakes/Rivers
Deserts
Forests
City

Legislation

SB 2

New Mexico State Film Office

Todd Christensen, Director

1100 S. St. Francis Drive, Suite 1213

Santa Fe, NM 87505

505.476.5656

todd.christensen@nmfilm.com

Incentive	25-30% Refundable Tax Credit
Project Criteria	Resident ATL: 30% (TV); 25% (film) Resident BTL: 30% (TV); 25% (film) Non-Resident BTL: 15% (limitations apply) Minimum Spend: None Project Cap: None Compensation Cap: $20M
Qualified Spend	25% of qualified expenditures. Qualified expenditures include direct production costs incurred and subject to taxation in New Mexico. Bonus: 5% for Rural uplift: work, services, or items provided on location for a production of a film or commercial audiovisual product that is located in New Mexico but at least 60 miles outside of the exterior boundaries of Santa Fe and Bernalillo counties; Stand Alone Pilot uplift: intended for series television in New Mexico or on series television productions intended for commercial distribution with an order for at least six episodes in a single season, provided that the New Mexico budge for each of those six episodes is $50K or more.
Program Guidelines	Annual Cap: $110M Sunset Date: None Screen Credit: Yes
Additional Considerations	New Mexico Tax and Revenue has released FYI-370, a document that gives pertinent, detailed information on the new film and television tax credit legislation that went into effect July 1, 2019.