Form Rpd-41243 - Rural Job Tax Credit Claim Form/schedule A printable pdf download

RPD-41243

Rev. 09/13/2016

State of New Mexico - Taxation and Revenue Department

RURAL JOB TAX CREDIT CLAIM FORM

PURPOSE OF THIS FORM: When claiming an approved Rural Job Tax Credit, this form must accompany the CRS-1, per-

sonal income tax or corporate income tax return to which the taxpayer wishes to apply the credit. The holder of the credit

may apply all or a portion of the Rural Job Tax Credit to their gross receipts tax less any taxes collected with respect to local

option gross receipts taxes, compensating tax, and withholding taxes due, less the amount of any credit other than the Rural

Job Tax Credit applied. When computing the amount of technology jobs and research and development tax credit that can

be claimed against gross receipts tax, multiply the gross receipts by 3.9% if the location code reported is a municipality, and

5.125% if the location code is anywhere else within or outside New Mexico.

The holder may also apply the credit to his personal or corporate income tax liability. If a pass-through entity (PTE) is a

holder of a credit, the PTE may pass the credit to its owners so that the owners may claim the credit against their corporate

or personal income tax liabilities. Use Form RPD-41365, Notice of Transfer of Rural Job Tax Credit, to report to Taxation

and Revenue Department a distribution of approved Rural Job Tax Credit to the owners, members or partners of a PTE. The

credit claim can be carried forward for a period of three years from the date the credit is issued. Any amount of credit not

claimed for a reporting period may be claimed in subsequent reporting periods. The original holder is the business to whom

the credit has been approved. When the credit is transferred to a new holder, notification to the New Mexico Taxation and

Revenue Department must be made within ten days of the transfer.

To claim the credit, attach this completed form to the return on which you wish to apply the credit on before the due date of

the return. You may apply this credit when you file your return online. Sign into Taxpayer Access Point (TAP) at https://tap.

state.nm.us, and follow the prompts to attach this form. To mail in, attach this form and any applicable payments to the tax

return and mail to the address on the return. For assistance claiming your approved credit, call (505) 827-0792.

Name of holder

Social security number (SSN) or federal employer

identification number (FEIN) of holder

Mark one:

FEIN

SSN

Mailing address

City, state and ZIP code

CRS identification number

E-mail address

Phone number

From

1. Enter the beginning and ending date of the tax year of this claim.

2. Enter the New Mexico tax less any local option gross receipts tax due on this return.

If applying against an income tax return, enter the Net New Mexico income tax calcu-

lated before applying any credit.

3. Enter the portion of total credit available (from Schedule A) claimed on your current

New Mexico CRS, PIT-1, CIT-1, S-Corp or FID-1 tax return. Do not enter more than the

amount of Net New Mexico tax due. The credit used may not exceed the amount of tax

otherwise due.

NOTE: Failure to attach this form and other required attachments to your New Mexico tax return

will result in denial of the credit.

Under penalty of perjury, I declare that I have examined this claim, and to the best of my knowledge and belief it is true,

correct and complete.

Signature of claimant_________________________________________ Date________________________________

Form Rpd-41243 - Rural Job Tax Credit Claim Form/schedule A

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