{"data":{"id":"us-nm/7-2f-14","jurisdiction":"us-nm","citation":"7-2F-14","heading":"Additional amounts to be applied in calculating credit amounts; expenditures made in certain areas of the state; television pilots and series.","body":"A. In addition to the percentage of direct production expenditures and postproduction expenditures calculated pursuant to Section 7-2F-13 NMSA 1978, an additional percentage shall be applied for payments for direct production expenditures and postproduction expenditures, as follows:\n(1) ten percent for work, services or items provided on location for a production of a film or commercial audiovisual product that is located in New Mexico at least sixty miles from the city hall of the county seat of certain counties; and\n(2) five percent for either of the following:\n(a) on a standalone pilot intended for series television in New Mexico or on series television productions intended for commercial distribution with an order for at least six episodes in a single season; provided that the New Mexico budget for each of those six episodes is fifty thousand dollars ($50,000) or more; or\n(b) on a production in a qualified production facility.\nB. As used in this section, \"certain counties\" means class A counties with a net taxable value of property for property taxation purposes of greater than seven billion five hundred million dollars ($7,500,000,000).","path":["Chapter 7 - Taxation","ARTICLE 2F Film Production Tax Credit"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"e7ffba7e8dfef927d4749ab277be48aff81241dd8663ccb3f68cac521e6f31a1","source_id":"us-nm","stale":false,"prev":"us-nm/7-2f-13--2","next":"us-nm/7-2f-15"},"notice":"GroundRules: Original legal text. Not legal advice."}