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 1 & 2 below) cannot be stacked.  

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1. 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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2. 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

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3. 5% Uplift Zone (rural) Filming

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. 

UPLIFT ZONE MAP