How the NM Film Tax Credit Process Works

PHASE I: Production Inquiry about filming in NM

  • Reach out to NMFO by contacting
  • Provide the following:
    • Name, phone and email
    • Production Company and production title
    • Dates of production

PHASE II: Submit Registration Forms to NMFO

PHASE IIA:

Register with Taxation and Revenue Department (TRD) here: State of New Mexico Taxation and Revenue Department as soon as possible.

PHASE IIB:

At least 30 calendar days before principal photography/audio visual media begins:

Complete the following seven forms and one document and submit to nm.film@nmfilm.comIncomplete forms will be sent back to the production. Proof of funds may also be requested.

  1. PROJECT REGISTRATION FORM (LINKED)
  2. TRD BUSINESS TAX REGISTRATION FORM (LINKED)
  3. TIA FORM (LINKED)
  4. Back2One –  SIGNATURE PAGE
  5. ACKNOWLEDGEMENT of COVID Testing reporting requirements
  6. NON-RESIDENT BELOW-THE-LINE CREW (NRCE) (if participating)
  7. FILM CREW ADVANCEMENT PROGRAM (FCAP) (if participating-must be submitted at least 30 days before filming begins)
  8. PRODUCTION BUDGET TOPSHEET (PROVIDED BY PRODUCTION)

PHASE III: Letter of Certification from NMFO/Pre-Production Meeting or Call

  • Upon receipt, review and approval of all registration documents, the NMFO will email the production a letter of certification, certifying that the production will be eligible to apply for a tax credit amount no larger than stated in the letter.

Pre-production Meeting:

If information on the registration form changes, please fill out a new registration form ASAP. Note: you will have to resubmit the forms if the filing entity or the authorized representative who signed the forms changes. Please remember that the qualifying expenses must be incurred by the filing entity listed on these forms.

PHASE IV: Begin Principal Photography/ Audio Visual Media

Please reach out to NMFO with any questions/issues during this phase.  Please contact:

PHASE V: Starting the Tax Credit Submission Process

Once principal photography/audio visual media has ended in New Mexico the following will be required:

  • Provide Post-Accounting contact information using the linked form
  • Final Vendor List (Excel Format)
  • Final Crew List (excel format)

PHASE VI: SUBMITTING THE TAX CREDIT APPLICATION

Submit the following to nm.fim@nmfilm.com:

  • Statement (please use this form) from the production stating that the production does not have any outstanding production related financial obligations in New Mexico (this confirmation is needed in order to submit the productions film tax credit application to NM Tax. & Rev. Department)
  • Completed NMFO STATS FORM. Please note the production must complete Tab 1 and Tab 2 of the stats form.
  • If the production participated in the NRCE program:
    • Please contact Rochelle Bussey at Rochelle@nmfilm.com for the latest NRCE SPREADSHEET and confirmation of how “Give Back” requirement was fulfilled
    • 5 REQUIRED set photos if participating in NRCE
  • If the production was a commercial, etc. production must provide proof of media buys.
  • Tax credit application: http://www.tax.newmexico.gov/Tax-Professionals/film-production-tax-credit.aspx
  • Send a screenshot of the end credits as described in 7-2F-13 (H). New film production tax credit.
    • CLICK HERE for NMFO logo
    • In addition to the logo, there must be a written acknowledgement (required for all projects). Accepted examples are as follows: “Filmed on Location in the State of New Mexico” or “Thank You to the State of New Mexico.”