Doing Business in Rio Rancho
Economic Development Incentives and Finance
Film Production Incentives
25% Film Production Tax Rebate - New Mexico offers a 25% tax rebate on all production expenditures (including New Mexico labor) that are subject to taxation by the State of New Mexico. This is a refund, not a credit.
Film Investment Loan Program - New Mexico offers a loan, with participation in lieu of interest, up to $15 million per project, (which can represent 100% of the budget) for qualifying feature films or television projects. Terms are negotiated and budget must be at least $1 million.
No State Sales Tax - Not to be used in conjunction with the 25% tax rebate. Type 16 Nontaxable Transaction Certificates (NTTCs) work much like grocery-store coupons. A certificate is presented at the point of sale and no gross receipts tax (sales tax) is charged. (Used primarily for commercials & PSAs)
For more information on New Mexico Film Production incentives, see www.nmfilm.com.