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Incentive Programs
NEW MEXICO'S FILM INCENTIVES at www.nmfilm.com NEW MEXICO'S FILM INCENTIVES 25% TAX REBATE FILM INVESTMENT LOAN – Download PDF or click on the link below. 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. 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. 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) 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.
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: New Mexico Film Office *this information used with the permission from the ABQ film office. |
