The Film Tax Credit beginning July 1, 2023, updates for film production companies that meet the Film Production Tax Credit Act requirements may apply for, and the taxation and revenue department may allow, a tax credit for qualified spends made in New Mexico.
Base Credit Amount: 25%
Maximum credit amount: 40%
Principal Performers Credit Cap
$5 million cap per production for non-resident principal performing artists.*
No cap for resident artists.
*Criteria differ for New Mexico Film Partners (Netflix, NBCUniversal and 828 Productions)
