
	Greater Belen EDC 100 South Main St Belen NM 87002 (505) 864-8221 Email

INCENTIVES

Incentives for Film Production Industry:

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.

Filmmaker Gross Receipts Tax Deduction

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)

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.
New Mexico Film Office

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Greater Belen Economic Development Corporation is a private, nonprofit membership organization whose mission is to increase economic opportunity by generating more employment and fostering the economic assets of the region through its flexible business development system that helps current businesses thrive while attracting innovative new companies to the greater Belen, New Mexico, area in southern Valencia County.

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