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Form Pit-4 - New Mexico Preservation Of Cultural Property Credit (Personal Income Tax) - 2015 Page 3

State of New Mexico - Taxation and Revenue Department

Rev. 06/29/2015

2015 PIT-4

NEW MEXICO PRESERVATION OF CULTURAL PROPERTY CREDIT

(Personal Income Tax) INSTRUCTIONS

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amount of net New Mexico income tax, from PIT-1, line 21, computed before applying the credit.

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 PIT-CR or FID-CR.

HOW TO APPLY FOR THIS CREDIT: A taxpayer may claim this credit by attaching a completed Form PIT-4, to the personal

income tax return or the Fiduciary income tax return for the current year. Also attach the Part 2 approval, issued by the New

Mexico Cultural Properties Review Committee. 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 25122, Santa Fe, NM

87504-5122.

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

to your New Mexico personal income tax or fiduciary income tax return will result in denial of the credit.

CONTACTS:

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 personal income tax, contact:

New Mexico Taxation and Revenue Department

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

or your local district office

Form Pit-4 - New Mexico Preservation Of Cultural Property Credit (Personal Income Tax) - 2015 Page 3