New Mexico's Smokin' Film Incentives Document

Production Company Registrion Form

Film Tax Claim Form

Film Tax Credit Application

FCAP Application Form

25% TAX REBATE

Film Investment Loan

Ernst & Young - Economic and Fiscal Impacts of the New Mexico Film Production Tax Credit

25% FILM PRODUCTION TAX REBATE
New Mexico offers a 25% tax rebate on all production expenditures (including New Mexico labor) that are subject to taxation by the State of New Mexico. This is a refund, not a credit.

FAQs – 25% TAX REBATE

FILM INVESTMENT LOAN PROGRAM
New Mexico offers a loan, with participation in lieu of interest, up to $15 million per project, (which can represent 100% of the budget) for qualifying feature films or television projects. Terms are negotiated and budget must be at least $2 million.

FILM INVESTMENT LOAN PROGRAM PEIAC TENTATIVE HEARING DATES FOR 2009:
http://www.sic.state.nm.us/meetings_SIC.htm

NO STATE SALES TAX
Not to be used in conjunction with the 25% tax rebate.
Type 16 Nontaxable Transaction Certificates (NTTCs) work much like grocery-store coupons. A certificate is presented at the point of sale and no gross receipts tax (sales tax) is charged. (Used primarily for commercials & PSAs)

FILM CREW ADVANCEMENT PROGRAM
New Mexico offers a 50% reimbursement of wages for on-the-job training of New Mexico residents in advanced below-the-line crew positions. New Mexican Supervisors and Keys have the opportunity to hire and mentor qualifying NM crew in advanced positions for this program.

NTTC Type Descriptions

 

If you have any questions about the incentive program, or would like to begin an application process,
please contact the New Mexico Film Office directly: