New Mexico film tax incentives
Refundable tax creditRefundableUp to 45%
New Mexico offers a 25% refundable tax credit, plus 2 uplifts worth up to 20% more, for a maximum stacked rate of roughly 45%. The credit is refundable.
At a glance
- Program type
- Refundable tax credit
- Base rate
- 25%
- Minimum spend
- None listed
- Annual program cap
- No annual cap listed
- Per-project cap
- No per-project cap listed
- Refundable / transferable
- Refundable
- Application required
- Yes
- CPA audit required
- Not specified
Bonuses and uplifts
These add to the base rate when the production meets the stated condition. Stacking rules vary — confirm with the film office before relying on a combined figure.
- Rural / facility / series circumstances+5%
- Qualifying non-resident BTL wages+15%
Estimate your credit
Green Room's free estimator applies New Mexico's rules to your actual budget lines — qualifying spend by category, resident versus non-resident labor, and every uplift above — and returns a modelled credit value with the assumptions shown.