Regional, National + Internet commercials
The State of New Mexico will issue a 25% tax credit (cash) for all of your qualifying taxable expenditures made in the state.
Some examples of qualifying expenditures include:
FILM COMMERCIAL - KEEP DETAILED LEDGERS OF EXPENDITURES
Tax and Rev will request ledgers and backup, complete an audit and return the Application with the approved amount.
WAIT FOR YOUR CHECK!
Filing for the credit takes place after the close of the company's tax year.
The filing entity does not have to based in New Mexico.