{"id":1955,"date":"2020-10-23T10:33:27","date_gmt":"2020-10-23T16:33:27","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/tax-professionals\/?page_id=1955"},"modified":"2026-04-23T08:43:03","modified_gmt":"2026-04-23T14:43:03","slug":"film-production-tax-credit","status":"publish","type":"page","link":"https:\/\/www.tax.newmexico.gov\/tax-professionals\/tax-credits-overview-forms\/film-production-tax-credit\/","title":{"rendered":"Film Production Tax Credit"},"content":{"rendered":"

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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.<\/h2>\n

[\/et_pb_text][et_pb_image src=”https:\/\/www.tax.newmexico.gov\/tax-professionals\/wp-content\/uploads\/sites\/6\/2026\/04\/film-chart-for-April.png” alt=”film chart for April” title_text=”film chart for April” _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_image][et_pb_text _builder_version=”4.27.6″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

This information is posted pursuant to Section 7-2F-12 (E) NMSA 1978 to provide guidance to film production companies regarding the amount of credit capacity remaining in the fiscal year. The taxation and revenue department shall post monthly on that department’s website the aggregate amount of credits claimed and paid for the fiscal year.\u00a0\u00a0\u00a0<\/p>\n

The Allowable Fiscal Year 2026 Film Fund Cap is $140,000,000.00. For Fiscal Year 2026, Film Production Tax Credits claimed and paid is $85,513,854.89. Film Production Tax Credits Remaining is $54,480,338.05. Partner Film Production Tax Credit is not subject to a fund cap and the amount claimed and paid is $11,902,809.74. Fiscal Year 2026 monthly breakdown of credits claimed and paid are as follows:<\/p>\n