NM FILM TAX INCENTIVE SERVICES

We know the intricacies of New Mexico’s state tax credit program and consult on incentives for production companies that are not familiar with the process. Our consulting services involve working with the film, TV or commercial project through the entire tax credit or incentive process. We do it all, from location selection advantages, application, negotiation with state representatives, budget actualization, audit, issuance, sale and transfer to tax ramifications.

Tax credit laws can vary tremendously per state. In the ever-changing landscape of state programs and requirements, we can take the guesswork out and uncover possibilities that you may have overlooked.

For more information from the New Mexico Film Office: https://nmfilm.com/for-filmmakers/incentives/eligibility/

Step 1

Proof of Funds

Download and fill out the "Proof of Funds" form.

ELIGIBILITY

To be eligible to apply for the incentive, all of the following conditions must be met:

THE FILING ENTITY MUST BE A “FILM PRODUCTION COMPANY.”

The definition of a “Film Production Company” is “a person that produces one or more films or any part of a film”. This is the entity that is listed on the Film Office’s project registration that incurs the costs for the project and then files for the credit.

THE PROJECT MUST BE A “FILM” OR “COMMERCIAL AUDIOVISUAL PRODUCT.”

“Film” means a single media or multimedia program, excluding advertising messages other than national or regional advertising messages intended for exhibition that is fixed on film, digital medium, videotape, computer disc, laser disc or other similar delivery medium; can be viewed or reproduced; is not intended to and does not violate a provision of Chapter 30, Article 37 NMSA 1978 (which relates to materials viewed by minors); and is intended for reasonable commercial exploitation for the delivery medium used.
A “commercial audiovisual product” means a film or video game intended for commercial exploitation.

THE PROJECT MUST BE FUNDED AND GREENLIT PRIOR TO REGISTRATION.

The project must be funded and Proof of Funds may be requested.
The project must be greenlit.

THE PRODUCTION MUST BE INTENDED FOR EXHIBITION AND REASONABLE COMMERCIAL EXPLOITATION.

In other words, the project (or product) must be commercially viable – available to the public either via purchase or because media buys are in place. Examples include, but are not limited to, the intention for theatrical release, submission to film festivals for “pickup,” television broadcast, and certain media subscriptions, etc.

THE FOLLOWING TYPES OF PRODUCTION WILL QUALIFY AS LONG AS THE STATEMENTS ABOVE APPLY:

Feature films
Independent films
Television (MOW, pilots, series, reality)
Certain Commercials and EPKs*
Documentaries
Student films
Short films
Animation
Video games
Webisodes
Music videos
Infomercials
Content-Based Mobile Apps
VR
Multi-Media
New Media
Standalone Post Production

Step 2

Let us take care of the rest!

We offer tax incentive consultation and guidance throughout production.

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