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.
The uplifts for television and the QPF (options 1 & 2 below) cannot be stacked.
An additional 5% tax credit is available if certain criteria are met when filming series television or a pilot.
An additional 5% tax credit is available if certain criteria are met regarding the use of qualified production facilities (soundstage/standing set).
An additional 5% tax credit is available qualified expenditures in New Mexico areas that are at least sixty miles outside of the exterior boundaries of Bernalillo and Santa Fe Counties.