Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.
| State or Territory: | New Mexico |
| Effected Jurisdiction: | New Mexico |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2020 |
| Program name: | Film Production Tax Credit |
| Program purpose: | Film, TV, and/or media |
| Statutory authority: | Section Section 7-2F-6 NMSA 19787-9-114 NMSA 1978 |
| Abating jurisdiction(s): | State of New Mexico |
| Applicable taxes: | Personal or Corporate Income Tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $55,600,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $55,600,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.nmdfa.state.nm.us/new-mexico-annualreport/ |
