Form Rpd-41243 - Rural Job Tax Credit Claim Form/schedule A (Page 3 of 3) in pdf

Form Rpd-41243 - Rural Job Tax Credit Claim Form/schedule A Page 3

RPD-41243

Rev. 09/13/2016

State of New Mexico - Taxation and Revenue Department

RURAL JOB TAX CREDIT CLAIM FORM

Instructions

Schedule A Instructions

For each Rural Job Tax Credit approved, complete a row in Schedule A. Do not include credits which have been claimed in full.

COLUMN INSTRUCTIONS

(a) Credit number. Enter the credit number assigned by the Taxation and Revenue Department on your approval docu-

mentation.

(b) Date of approval. Enter the date of the Department's approval for the credit from your approval documentation.

(d) Credit previously claimed. For each credit, enter the total amount of credit claimed in all tax years prior to the current

tax year.

(e) Unused credit. For each credit, subtract the amount in column (d) from the amount in column (c).

(f) Applied to the attached return. For each credit, enter in column (f) the amount that is applied to the attached New

Mexico tax return.

When calculating the amount in column (f), apply the following rules:

•

Applying credits: Apply rural job tax credits in the order that they were approved.

•

The maximum amount of credit claimed in a tax year. The sum of tax credits applied to the tax due on the return may

not exceed the tax due on the New Mexico tax return.

•

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

will result in denial of the credit.

Form Rpd-41243 - Rural Job Tax Credit Claim Form/schedule A Page 3