Beginning July 1, 2023, updates for film production companies that meet the requirements of the Film Production Tax Credit Act may apply for, and the taxation and revenue department may allow, a tax credit for qualified spends made in New Mexico.
15% credit with a cap on twenty qualifying below-the-line positions.*
NON-RESIDENT CREW EXCEPTION CREDIT
*Criteria differ for New Mexico Film Partners (Netflix, NBCUniversal and 828 Productions)