Form Pit-4 - New Mexico Preservation Of Cultural Properties Credit

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PIT-4

NEW MEXICO PRESERVATION OF CULTURAL PROPERTIES CREDIT

Name

Social Security Number or CRS I.D. Number

Address

Actual location of property(s)

As provided by New Mexico Enterprise Zone Program Officer:

Date of Project Approval: ___________________________

Project Approval Number: ________________________

Date of Credit Approval: ____________________________

Amount of Credit Approval: $ _____________________

NOTE: Project must be completed within twenty-four months of the day the project was approved by the Cultural Proper-

ties Review Committee.

Has credit for this project been claimed in any other taxable year?

YES

If YES, indicate year(s) ______________________________

If the taxpayer is a member of a partnership, joint venture or association, list each owner, the New Mexico CRS Identifica-

tion Number or social security number, and percent of interest.

Name

I.D. Number

Percentage Interest

a. _______________________________________

___________________________

________________

b. _______________________________________

___________________________

________________

c. _______________________________________

___________________________

________________

d. _______________________________________

___________________________

________________

1. Amount approved for credit, this year ..................................................................................... $ ___________________

2. Amount approved for credit, prior year ...................................................................................... ___________________

3. Total credit approved for this project (Line 1 plus Line 2) .......................................................... ___________________

4. Multiply by .................................................................................................................................

50%

5. Enter less of line 3 x line 4 OR $25,000..................................................................................... ___________________

This is the Maximum Qualified Business Facility Rehabilitation Credit Available

6. Credit claimed in prior years ...................................................................................................... ___________________

7. Credit available this year (Line 5 minus Line 6) ......................................................................... ___________________

8. New Mexico liability (from Line 26, PIT-1 Form) ........................................................................ ___________________

Enter the lesser of Line 7 or Line 8 on Line 28, PIT-1 Form

9. Credit available for carryover (Line 7 minus Line 8) ................................................................... ___________________

NOTE: Failure to attach this form and the approval from the New Mexico Enterprise Zone

Program Officer to your income tax return will result in denial of the credit claimed.