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NEW MEXICO

United States Main

EP Services Offered

Administration

Tax Credit Financing

Tax Credit Placement

Eligible Production Types

Animation

Commercials

Documentaries

Feature Films

Game Shows

Pilots

Post Only

Reality Television

Scripted Television

Talk Shows

Video Games

Location Production Needs

Beaches Ocean

City

Deserts

Forests

Lakes Rivers

Mountains

Rural

Snow

Suburban

Tropical

Legislation/
Guidance

Incentive25%-35% Refundable Tax Credit
Labor
Resident ATL25%
Resident BTL25%
Non-Resident BTL15% (limitations apply)
Qualified Spend
Spend25%

Qualified expenditures include direct production and postproduction expenditures made in NM, that are subject to taxation by the state and directly attributable to the production.

Spend Uplifts

  • 5% on standalone pilots intended for series TV in New Mexico
  • 5% on series TV productions intended for commercial distribution with an order for at least six episodes in a single season
  • 5% if certain criteria are met regarding the use of qualified production facilities
  • 5% on work, services, or items provided on location in NM that is at least 60 miles outside the exterior boundaries of Bernalillo and Santa Fe counties

Minimum/Caps
Minimum SpendNone
Project CapNone
Compensation Cap$5M Credit
Annual Cap$100M
Application

Productions must file initial application materials with the NM Film Office at least 30 days prior to that start of principal photography.

Additional Requirements
Screen CreditYes
CPA AuditYes
Loan-Out RegistrationNo
Income Tax Withholding

Individual: Not Required (resident)

Loan-out: Requirements vary, please contact incentives@ep.com for more information

Sunset DateNone
Additional Information

Payments to nonresident performing artists, being paid through a loan-out company, qualify if paid through a Super Loan-Out (SLO) company that charges a Gross Receipts Tax (GRT) and has taxes withheld at 5.9%.

New Mexico Film Office

Amber Dodson, Director

505.819.8949

info@nmfilm.com

www.nmfilm.com

Payroll & Finances

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