Tax Incentives |
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Incentives and Resources
The Otero County Film Office, a division of the Otero County Economic Development Council, offers full service assistance with research, locations, and all around trouble shooting to make your experience in our state pleasant and cost effective.
For More Information
About New Mexico Tax Incentives Visit Film New Mexico
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New Mexico's Film Incentives
25%TAX REBATE- Dowload PDF or click on the link below.
FILM INVESTMENT LOAN - Dowload PDF or click on the link below.
25% FILM PRODUCTION TAX REBATE
New Mexico offers a 25% tax rebate on all production expenditures ( including New Mexico labor) that are subject to taxtion by the State of New Mexico. This is a refund, not a credit.
FAQ's - 25% TAX REBATE
FILM INVESTMENT LOAN PROGRAM
New Mexico offers a loan, with participation in lieu of interest, up to $15 million per project, (which can represent 100% of the budget) for qualifying feature films or television projects. Terms are negotiated and budget must be at least $2 million.
FILM INVESTMENT LOAN PROGRAM PEIAC TENTATIVE HEARING DATES FOR 2009:
http://www.sic.state.nm.us/meetings_SIC.htm
NO STATE SALES TAX
Not to be used in conjunction with the 25% tax rebate.
Type 16 Nontaxable Transaction Certificates ( NTTCs) work much like grocery-store coupons. A certificate is presented at the point of sale and no gross receipts tax (sales tax) is charged. (Used primarily for commercials & PSAs)
FLIM CREW ADVANCEMENT PROGRAM
New Mexico offers a 50% reimbursement of wages for on-the-job training of New Mexico residents in advanced below-the-line crew positions. New Mexican Supervisors and Keys have the opportunity to hire and mentor qualifying NM crew in advanced positions for this program.
Our Economic Impact Study:
Ernst & Young
Economic and Fiscal Impacts of the New Mexico Film Production Tax Credit
Differences between Ernst & Young study and NMSU/Arrowhead Center study
