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 October 31, 2016, Fiscal Year 2017, film production refunds totaled 14 claims for $7,374,956


Forms:
Click RPD-41229 Application for Film Production Tax Credit   
         Form to apply for Film Tax Credit when project was produced, prior to January 1, 2015.

Click RPD-41381 Application for Film Production Tax Credit
         Form to apply for Film Tax Credit for projects starting Principle Photograph 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

Submissions:
Click NM Refundable fill Production Tax Credit - Submission of Bibles (Ledgers)
         Guide on submission of Bibles (Ledgers)

Click NM Chart of Accounts
         Guide 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 Pre Submission Worksheet and Tax Authorizations (TIAs)
         To be submitted by Production Company to New Mexico Film Office.

Click Audit Agreed Upon Procedures 

Click Example of Workpaper Identifying the Exceptions

Additional Information Regarding Performing Artists:
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.

 

Contact Information:
Contact information on eligibility and registering a project before production, please contact:

http://www.nmfilm.com/Overview.aspx 
or call
Tobi Ives, 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
Email: Priscilla.Castro@state.nm.us

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

View Our Most Popular Pages & Services
Latest News:
Governor Susana Martinez

Governor Susana Martinez

Learn more about governor Martinez
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us