New Mexico offers a film production tax credit for film production companies that have direct production and direct post-production expenditures that are subject to taxation by the State of New Mexico.
Production Refund Information:
As of January 31, 2017, Fiscal Year 2017, film production refunds totaled 21 claims for $11,102,400
Click RPD-41229 Application for Film Production Tax Credit
Form to apply for Film Tax Credit when project was produced, prior to January 1, 2016.
Click RPD-41381 Application for Film Production Tax Credit
Form to apply for Film Tax Credit for projects starting Principle Photography on or
after January 1, 2016
Click RPD-41228 Film Production Tax Credit Claim
Form to be submitted with Income Tax Return.
Click RPD-41380 Notice of Assignment of Film Production Tax Credit
Form to be submitted with Income Tax Return is refund is sent to an assignee.
Click RPD-41271 Declaration of Residency
Form is to be complete by all NM Residents.
Click RPD-41366 Notice of Distribution of Film Production Tax Credit
Click NM Refundable Film Production Tax Credit - Submission of Application
Guide on submission of application under $5M and $5M+
Click NM Refundable Film Production Tax Credit - Submission of Bibles (Ledgers)
Guide on submission of Bibles (Ledgers)
Click NM Refundable Film Production Tax Credit - Qualifying and Non-Qualifying Expenditures
Examples for expenditures that may be eligible.
Certified Public Accountants:
If the amount of the requested tax credit is more than $5,000,000; an audit conducted by a CPA licensed to practice in New Mexico must include the audit results with the application.
Click CPA and TRD for Film Tax Credit Reviews
Steps for expenditures that may be eligible
Click CPA Pre Submission Worksheet and Tax Authorizations (TIAs)
To be submitted by Production Company to New Mexico Film Office.
Click Audit Agreed Upon Procedures
Additional Information Regarding Performing Artists:
Click Letter to Film Industry Taxpayer - NM Film Residency Certification Program
Instructions on how to apply for a NM Film Residency Certification Card
Click Film Credit Presentation on Non-resident Performing Artist
Click New Mexico Requirement for Loan-Out Companies: Actor Loan-Out: CRS Tax ID & Filing for Refund
Guide for Actor Loan-Out to obtain a CRS number.
Click Pre-Production Meeting Guidelines
Contact information on eligibility and registering a project before production, please contact:
Lisa Lucas, Senior Manager of Production at (505) 476-5612.
For questions regarding the audit procedure for claiming the Film Production Tax Credit:
Priscilla Castro, Film Tax Credit Audit Supervisor
Taxation & Revenue Department
Albuquerque Office (505) 841-6338
Santa Fe Office (505) 829-0919