It pays to film in New Mexico.


New Mexico gives a 25-35% refundable tax credit.

Incentives

The Film Tax Credit

A film production company that meets the requirements of the Film Production Tax Credit Act may apply for, and the taxation and revenue department may allow, a tax credit in an amount equal to twenty-five to thirty-five percent of qualified spends made in New Mexico.  

  • Base credit amount:                               25%
  • Additional uplifts (see below):                5%
  • Maximum credit amount:                      35%

The uplifts for television and the QPF (options 2 & 3 below) cannot be stacked.  

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1. 5% Uplift Zone (rural) Filming

A 5% tax credit is available for qualified expenditures in New Mexico areas that are at least sixty miles outside of the exterior boundaries of Bernalillo and Santa Fe Counties. 

UPLIFT ZONE MAP

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2. Series Television and Standalone Pilots Intended For Series Television Uplift

An additional 5% tax credit is available if certain criteria are met when filming series television or a pilot.

  • Series television production must be:
    • Intended for commercial distribution
    • Have an order for at least six episodes in a single season
    • NM budget of at least $50K per episode
  • Pilot must be:
    • Intended for series production in New Mexico
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3. Qualified Production Facilities (QPF) Uplift

An additional 5% tax credit is available if certain criteria are met regarding the use of qualified production facilities (soundstage/standing set).

Qualified Production Facilities