25%

25%

15% (limitations apply)

None

None

$20M

25% of qualified expenditures. Qualified expenditures include direct production costs incurred and subject to taxation in New Mexico.

• An additional 5% credit is available for standalone pilots intended for series television in New Mexico and series television productions intended for commercial distribution with an order for at least six episodes in a single season. 
• An additional 5% credit is available if certain criteria are met regarding the use of qualified production facilities.
• An additional 5% shall be applied for payments for direct production expenditures and postproduction expenditures. For work, services or items provided on location for production of a film or commercial audiovisual product that is in New Mexico but at least sixty miles outside of the exterior boundaries of certain counties.

$110M

None

Yes

• Individual: Not Required (resident)
• Loan-out: Requirements vary, please contact incentives@ep.com for more information 

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.