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 June 30, 2016, Fiscal Year 2016, film production refunds totaled 74 claims for $48,967,943
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
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 on eligibility and registering a project before production, please contact:
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