NEW MEXICO

Over the last few years, New Mexico has turned into a “home-away-from-home” for streaming sites and production companies. In 2018, Netflix moved in, with a 170,000-square-foot studio in Albuquerque planned to be their “main production facility in North America.” Later on, in 2021 (same city), NBCUniversal opened its own studio, hoping to “further elevate New Mexico into the film world.” Recent productions filmed in New Mexico include Breaking Bad, Stranger Things, Better Call Saul, The Ballad of Buster Scruggs and Flamin' Hot

Incentive Type Non-Transferable Refundable Tax Credit

Incentive Amount 25-35% (residents and nonresidents)

Minimum Spend None

Bonus 5% increase for productions that shoot in rural areas, defined as 60 miles outside the counties of Bernalillo (home to Albuquerque) and Santa Fe

Application Productions must submit the Film Production Registration form and the Film Production Tax Credit Agreement form to the New Mexico Film Office two weeks prior to the beginning of principal photography. A production can expect to wait 8-10 months after wrap to receive their earned credit for applications submitted.

Audit Third-party audit is required.

Hotel Occupancy Tax Relief No