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 $2 million.
FILM INVESTMENT LOAN PROGRAM PEIAC TENTATIVE HEARING DATES FOR 2009:
http://www.sic.state.nm.us/meetings_SIC.htm
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)
FILM CREW ADVANCEMENT PROGRAM
New Mexico offers a 50% reimbursement of wages for on-the-job training of New Mexico residents in advanced below-the-line crew positions. New Mexican Supervisors and Keys have the opportunity to hire and mentor qualifying NM crew in advanced positions for this program.
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