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Form Rpd-41319 - Agricultural Water Conservation Tax Credit Claim Form - State Of New Mexico Taxation And Revenue Department

State of New Mexico - Taxation and Revenue Department

RPD-41319

Rev. 07/2011

AGRICULTURAL WATER CONSERVATION TAX CREDIT CLAIM FORM

PURPOSE OF FORM: To apply the agricultural water conservation tax credit to personal or corporate income tax

due, submit Form RPD-41319, Agricultural Water Conservation Tax Credit Claim Form, with Form PIT-1, CIT-1, S-Corp or

FID-1 for the tax year to which you wish to apply the credit. Excess agricultural water conservation tax credit may be carried

forward for five consecutive years from the tax year in which the qualified eligible expenses were incurred. Attach this form

to the return and mail to the address on the New Mexico income tax return.

For assistance completing this form, call (505) 476-3683.

Name of taxpayer

Social security number or federal employer identification number

Schedule A - Worksheet to compute the total excess credit available for carry forward

(d) Excess credit available

(b) Amount of credit

(a) Tax year of previous

for carry forward [(b) - (c)]

approved

prior year tax liabilities

years credit

Enter the sum of column (d). If supple-

TOTAL excess credit available.

mental pages are attached, enter the sum of column (d) from all pages.

Enter agricultural water conservation tax credits approved for the tax year of the

attached return.

Enter total unused agricultural water conservation tax credits available for carry forward

from Schedule A.

Enter the sum of lines 1 and 2. This is the available agricultural water conservation tax

credit that may be claimed against the attached New Mexico income tax return.

Enter the portion of available credit claimed on your current New Mexico personal or

corporate income tax return.

Enter the credit claimed on the applicable line of the New Mexico income tax Form PIT-1, CIT-1, S-Corp or FID-1. The agricultural water

conservation tax credit may be deducted only from the claimant’s New Mexico personal or corporate income tax liability. NOTE: Failure to

attach this form to your New Mexico personal or corporate income tax return will result in denial of the credit.

I certify that: (Check all that apply.)

I owned or leased a water right appurtenant to the land on which an eligible improvement was made in that year;

(If the applicant is an individual)

I will not take a tax credit for the same expense on any corporate tax return.

I certify that I have examined this return including accompanying returns and statements, and to the best of my knowledge

and belief, they are true, correct and complete.

Signature of Taxpayer or Agent

Title

Date

Form Rpd-41319 - Agricultural Water Conservation Tax Credit Claim Form - State Of New Mexico Taxation And Revenue Department