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State of New Mexico - Taxation and Revenue Department

RPD-41370

Rev. 07/06/2015

CERTIFICATION OF ELIGIBILITY FOR THE VETERAN EMPLOYMENT TAX CREDIT

INSTRUCTIONS

Page 1 of 2

ABOUT THIS TAX CREDIT

HOW TO COMPLETE THIS FORM

For tax years beginning on or after January 1, 2012, but not

Complete all information requested. Enter the name and the

after December 31, 2016, a taxpayer who employs a quali-

New Mexico CRS identification number of the employer. This

fied military veteran for at least 40 hours per week, in New

must be the same name and number on Form RPD-41371,

Mexico is eligible for a credit against the taxpayer’s personal

Application for Veteran Employment Tax Credit.

or corporate income tax liability for up to $1,000 for wages

NOTE: When an entry requires a date, enter the date using a

paid to each qualified military veteran. If the veteran’s quali-

fied period of employment is less than a full year, the credit

two-digit month and day and a four-digit year (mm/dd/ccyy).

for that year is reduced based on the ratio of the qualified

Qualification Information

period of employment over the full tax year of the employer.

1. Enter the employer’s tax year in which the eligible em-

•

An employer may not receive the credit for any individual

ployment took place. Enter the first day of the tax year

qualified military veteran for more than one calendar year

and the last day of the tax year.

from the date of hire.

2. Enter the name and the social security number of the

•

Multiple employers may not receive a credit for more

eligible military veteran employed, exactly as the name

than one year combined for the same qualified military

and social security number appears on the qualified

veteran.

military veteran’s DD Form 214.

•

Only one employer may receive the credit for a specific

Enter the date the qualified military veteran was hon-

veteran during a tax year.

orably discharged from a branch of the United States

•

The date of discharge may not exceed two years from

military. Attach a copy of the veteran’s DD Form 214,

the date the employer hired the military veteran.

Certificate of Release or Discharge from Active Duty.

•

The veteran employment tax credit is only allowed for

4. Enter the date the employer hired the qualified military

the employment of a veteran who was not previously

veteran.

employed by the taxpayer prior to the individual’s de-

5. Enter the qualified period of employment during the tax

ployment.

year. If hired in the middle of the tax year (reported on line

1), enter the date of hire. If hired before the employer’s

That portion of a veteran employment tax credit approved

by Taxation and Revenue Department (TRD) that exceeds

tax year, enter the first day of the employer’s tax year.

a taxpayer’s income tax liability in the tax year in which the

For the ending date enter the earlier of:

veteran employment tax credit is claimed may not be re-

•

the date the qualified military veteran ceased working

funded to the taxpayer, but may be carried forward for up to

for the employer,

three years. The veteran employment tax credit may not be

•

the date one year after the date of hire, or

transferred to another taxpayer.

•

the last day of the year.

Married individuals filing separate returns for a tax year for

NOTE: The veteran must have been employed for at

which they could have filed a joint return, each may claim

least 40 hours per week, and the qualified period may

only one-half of the veteran employment tax credit that would

not exceed 1 calendar year from the date of hire.

have been claimed on a joint return.

6. Indicate whether the veteran was employed by the em-

ployer prior to the veteran’s deployment or entry into the

ATTACHMENTS

U.S. military. If the answer is yes, then the employment

The taxpayer must provide a copy of the qualified military

of the military veteran does not qualify for the veteran

veteran’s DD Form 214, Certificate of Release or Discharge

employment tax credit.

or other evidence acceptable to the Depart-

from Active Duty,

ment. The document must show the date the military veteran

Compute the Veteran Employment Tax Credit

was honorably discharged from a branch of the United States

7. Enter the total number of days that the qualified military

military. Evidence other than the qualified military veteran’s

veteran was employed by the employer during the em-

DD Form 214 should be approved through the Department

ployer’s tax year (line 1 of this form).

before submitting the application. The Department may re-

quest additional information establishing that the employee

8. Enter the number of days in the tax year of this claim.

is a qualified military veteran.

Most full-year filers will enter 365 or 366 for a leap year.

Form Rpd-41370 - Certification Of Eligibility For The Veteran Employment Tax Credit - 2015 Page 2

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