Part of New Mexico
- Primary Jurisdiction
- New Mexico
- Incentive Mechanisms
- Tax Credit
- Benefit Summary
- 25%
- Bonus Details
- 10% filming uplift zone; 5% TV series or standalone pilot uplift; 5% qualified production facility uplift; 15% nonresident below-the-line crew credit
- Refundable
- Yes
- Transferable
- Limited
- Minimum Spend
- Not stated in cited overview
- Annual Cap
- $140M in FY26; rises to $160M by FY28
- Per-Project Cap
- $5M cap per production for nonresident principal performing artists
- Eligible Project Types
- Film and commercial audiovisual productions; TV pilots and TV series can qualify for an additional 5% uplift
- Administering Agency
- New Mexico Film Office / New Mexico Taxation and Revenue Department
- Official Source URL
- https://nmfilm.com/incentives-2
- Stacking Notes
- The 10% filming uplift zone can stack with either the TV/pilot uplift or the qualified production facility uplift, but the TV/pilot uplift and the qualified production facility uplift cannot be stacked with each other. New Mexico advertises a maximum combined credit of 40%.
- Incentive Status
- Active
- Last Verified
- March 22, 2026
- Notes
- The TV-series uplift requires an order for at least six episodes and a New Mexico budget of at least $50K per episode. Transferability is limited because an approved credit may be assigned once to a third-party financial institution or other authorized third party.