Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
25–35% refundable tax credits for film and television productions shooting in New Mexico, with enhanced rates for productions in rural areas and those hiring New Mexico crew and post-production services.
Do I qualify?
Answer the questions below to get an instant self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.Minimum qualifying spend: $500,000 in New Mexico
2.Base credit: 25% of qualifying NM expenditures
3.Bonus 5% for filming in rural counties or areas with high unemployment
4.Bonus 5% for using NM post-production facilities
5.Refundable: excess credits paid out; no program cap
NMTRD · New Mexico
Provides a 5.125% credit against gross receipts tax (GRT) or compensating tax for manufacturers purchasing qualified equipment and machinery used directly in manufacturing operations in New Mexico.
IFO · Illinois
30% transferable tax credit for productions spending $100,000+ in Illinois on film, TV, and commercials, with an additional 15% credit for wages paid to residents of economically disadvantaged areas.
NM TRD · New Mexico
10% income tax credit for commercial solar PV and thermal installations, plus a separate 5% credit for battery storage. Combined with the federal ITC, New Mexico businesses can offset 40–50% of clean energy project costs.