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New Mexico

United States - Alabama

NameUS - New Mexico Refundable Film Production Tax Credit
URLhttps://www.olffi.com/c/USNMF01T
FundNew Mexico State Film Office https://www.olffi.com/c/USNMF
TypeProduction Incentive
ActivityProduction
Project typesFeature Films, TV series, TV single work, Web project, Computer games, Shorts, Apps, Digital content, TV Pilots, Music Videos, Soap Operas, Commercials
Nature of projectFiction, Animation, Documentary
Annual budgetProduction and post-production
Funding calculation % of QE upto30
Funding calculation info25% + Bonus of 5% for 1) for TV Series with six episodes with each episode with NM budget of at least $50 000; 2) when a qualified production facility* is used for a minimum number of principal photography days (10 days when the NM budget is less than $30 million, 15 days when the NM budget is $30 million or more); 3) when TV series has an order for at least six episodes to be shot in New Mexico, each of those episodes has an NM budget of at least $50 000 *A “Qualified Production Facility” (QPF) allows up to 3 days of principal photography at the qualified standing set to count towards the 10 day requirement at the soundstages, and allows up to 5 days towards the 15 day requirement.
Qualifying expenses infoCertain non-resident BTL positions are eligible if cannot find local hires and certain contributions are made to workforce development efforts / Loan-out eligible up to 5M USD when withholding and Gross Receipts Tax is deducted and remitted / Post-production services eligible if rendered in New Mexico and subject to state taxation / Productions may also qualify payments to a limited number of Nonresident Crew (BTL/off-camera) at a 15% credit.
Nature of fundingSelective
Who can applyNational Production Company
Who can apply infoProduction companies do not need to be registered in NM
Other requirementsfiling entity must be a Film Production Company / production must be intended for exhibition amd reasonable commercial exploitation
All year roundYes
When to apply infoApplication no later than two (2) weeks prior principal photography with a shooting schedule, funding and cast in place, and the local production offices are about to open
RecoupableNot Recoupable
Tax typeTax Credit
Financial supportNational Productions, Coproductions, Foreign Productions
Minimum shooting days1.00
Individuals paying income tax inNew Mexico
Foreign individuals paying income tax inNew Mexico
Service companies paying taxes inNew Mexico

Contact Details

Name: Rochelle Bussey
Phone:+1 505 476 5612
Email:rochelle@nmfilm.com