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New Mexico Film Production Tax Credit

New Mexico Film Office (NMFO)NM-FILM
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

New Mexico

About This Program

Provides up to 40% refundable or transferable tax credit on qualifying in-state film and TV production costs — one of the most competitive film incentive programs in the United States.

Key Requirements & Eligibility

  • 1Minimum NM spend: $500,000
  • 2Credit: 25–40% based on NM resident crew percentage and post-production spend
  • 315% bonus for rural locations; 5% bonus for NM post-production
  • 4Fully refundable — cash payment available even without NM tax liability
  • 5Pre-production application to NM Film Office required

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

Film & MediaReal EstateHospitality
Official Source