NEW MEXICO
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
| Incentive | 25%-40% Refundable Tax Credit |
| Labor | |
| Resident ATL | 25% |
| Resident BTL | 25% |
| Non-Resident BTL | 15% (limitations apply) |
| Qualified Spend | |
| Spend | 25% |
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 |
|
| Minimum/Caps | |
| Minimum Spend | None |
| Project Cap | None |
| Compensation Cap | $5M Credit Cap on non-resident principal performing artists |
| Annual Cap | $120M |
| 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 Credit | Yes |
| CPA Audit | Yes |
| Loan-Out Registration | No |
| Income Tax Withholding | Individual: Not Required (resident) Loan-out: Requirements vary, please contact incentives@ep.com for more information |
| Sunset Date | None |
| 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 OfficeAmber Dodson, Director 505.819.8949 | |