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Form Cit-4 - New Mexico Preservation Of Cultural Property Credit (Corporate Income Tax) - 2016 Page 3

State of New Mexico - Taxation and Revenue Department

Rev. 09/13/2016

2016 CIT-4

NEW MEXICO PRESERVATION OF CULTURAL PROPERTY CREDIT

(Corporate Income Tax) INSTRUCTIONS

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amount of New Mexico income tax, from CIT-1, line 12 or S-Corp, line 4.

Line 10.

Credit available to the claimant for carry forward to subsequent years. Subtract line 9 from line 8.

NOTE: The amount of the credit to be applied to the current return is reported on Schedule CIT-CR or S-Corp-CR.

HOW TO APPLY FOR THIS CREDIT: A taxpayer may claim this credit by attaching a completed CIT-4 to the corporate

income and franchise tax return for the current year. Also attach the Part 2 approval, issued by the New Mexico CPRC. If

applicable, you will also need to attach the certified statement from the state coordinator of New Mexico arts and cultural

districts. The claim must be submitted with the tax return for the year in which the restoration, rehabilitation or preservation

is carried out.

Mail the tax return and attachments to: New Mexico Taxation and Revenue Department,

P.O. Box 25127

Santa Fe, NM 87504-5127

NOTE: Failure to attach this form and the appropriate approvals and certificates

to your New Mexico corporate income tax return will result in denial of the credit.

CONTACTS:

For the New Mexico CPRC, contact:

Department of Cultural Affairs

NM Historic Preservation Division

407 Galisteo Street, Suite 236

Santa Fe, NM 87501

(505) 827-6320

Economic Development Department

1100 S. St. Francis Drive

Santa Fe, NM 87503

For information related to claiming the credit for preservation of cultural property against corporate income tax, contact:

New Mexico Taxation and Revenue Department

at (505) 827-0792 in Santa Fe, NM

or your local district office

Form Cit-4 - New Mexico Preservation Of Cultural Property Credit (Corporate Income Tax) - 2016 Page 3