Personal Income Tax 2008 Sheet - New Mexico Taxation And Revenue Department Page 29

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FEDSTATE Unformatted Record Layout
PIT-RC cont’d
Field
Identification
Forms
Field
Field Description
Number
Ref.
Length
275
Los Alamos Property
PIT-RC-
12
Monetary. Positive numeric. Multiply Los Alamos
Rebate(LICTR)
P2,18c
Property Owned [265] by of Los Alamos Property Tax
Percentage [270]. Maximum value is $350. If MGI [160]
is > $24,000 then this field must be equal to zero.
280
Section V – Child Care
PIT-RC-
12
Monetary. Add amounts in column G in the Child Day
Total Available Day Care Credit
P2,19
Care Credit Worksheet. Enter Col G total or $1,200
WHICHEVER IS LESS. If Modified Gross Income [160]
is greater than $21,424 then this field must be equal to
zero, and all Child Day Care fields [280, 285, 290, 295]
must equal zero.
285
Number of Qualified Dependents
PIT-RC-
12
Numeric. Must be equal to the number of occurrences
Receiving Day Care
P2,20
of Child Day Care Credit. Otherwise, must equal zero.
290
Federal Child Care Credit Applied
PIT-RC-
12
Monetary.
P2,21
295
NM Child Day Care Credit
PIT-RC-
12
Monetary. Subtract Federal Child Care Credit Applied
P2,22
[290] from Total Available Day Care Credit [280]. If
Modified Gross Income is greater than $21,424 then
this field must be equal to zero.
297
Section VI – Refundable Credits
PIT-RC-
12
Monetary
Medical care exemption > 65
P2,23
300
Refundable Credits
PIT-RC-
12
Monetary. Approved film production tax credit claimed
Film Production Tax Credit
P2,24
305
Working families tax credit
PIT-RC-
12
Monetary
P2,25
310
Federal Earned Income Credit
PIT-RC-
12
Monetary
reported on 2008 Federal return
P2,25a
315
Special needs adopted child tax
PIT-RC-
12
Monetary
credit
P2,26
317
Renewable Energy production
PIT-RC-
12
monetary
P2,27
320
Section - VII
PIT-RC-
12
Monetary. Add [230+260+275+295+297+300+305
Total Rebates and Credits
P2,28
+315+317]
Record Segment Terminus
1
Alphanumeric. Value is "$".
New Mexico Fed/State Electronic Filing Specifications for 2008
29
Revised 12/10/2008

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