Film Production Tax Credit

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.

Click Qualified Film Vendor List September 2022

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, 2016.

Click RPD-41381 Application for Film Production Tax Credit
Form to apply for Film Tax Credit for projects starting Principle Photography prior to
July 1, 2019

Click RPD-41391 Application for New Film Production Tax Credit 
Form to apply for New Film Production Tax Credit starting on or after July 1, 2019

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 RPD-41392 Qualified Film Vendor 
Form to apply for a Qualified Film Vendor starting on or after July 1, 2019

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 Audit Agreed Upon Procedures 

Additional Information:

Click Letter to Film Industry Taxpayer – NM Film Residency Certification Program *Error
Instructions on how to apply for a NM Film Residency Certification Card

Click Rural Area Film Tax Credit Map: 2019 Senate Bill 2 Section 8 A. (1)

Click FYI-370 Information Regarding Film Production Tax Credits

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

NM Film Office
Economic Development Department
Phone: 505-476-5600
Email: nm.film@nmfilm.com

For questions regarding the audit procedure for claiming the Film Production Tax Credit:

Film Credit Unit
Taxation & Revenue Department
Albuquerque Office (505) 795-1735
Email: TRD-FilmCredit@state.nm.us