Form Rpd-41339 - Biodiesel Blending Facility Tax Credit Approval Request Form - State Of New Mexico Taxation And Revenue Department

ADVERTISEMENT

State of New Mexico - Taxation and Revenue Department
RPD-41339
Rev. 02/2011
BIODIESEL BLENDING FACILITY TAX CREDIT APPROVAL REQUEST FORM
WHO MAY FILE THIS FORM: Effective July 1, 2007, a rack operator as defined in the Special Fuels Supplier Tax Act (see
Important Definitions in the instructions) who installs biodiesel blending equipment owned by the rack operator for the purpose
of establishing or expanding a facility to produce blended biodiesel fuel is eligible to claim a credit against gross receipts tax
and compensating tax. The rack operator must obtain a dated certificate of eligibility from the Energy, Minerals and Natural
Resources Department (EMNRD) to apply for this credit. The credit is equal to 30% of the purchase cost of the equipment
and the cost of installing that equipment. The credit cannot exceed $50,000 with respect to equipment installed at any one
facility. Additionally, credit cannot be approved by the Taxation and Revenue Department (TRD) if the total cumulative amount
of claims for the credit for all taxpayers for the calendar year exceeds $1,000,000.
To claim the credit, first apply to EMNRD for approval of the equipment purchase and installation costs. Upon receipt of a
certificate of eligibility from EMNRD, submit a completed Form RPD-41339, Biodiesel Blending Facility Tax Credit Approval
Request Form, to TRD. Attach the certificate of eligibility received from EMNRD and a copy of the invoice(s) for the quali-
fied equipment and installation costs. Once you are notified that you are approved for the credit by TRD, you may apply the
credit to gross receipts and compensating tax due. To apply the credit submit Form RPD-41321, Biodiesel Blending Facility
Tax Credit Claim Form, along with a CRS-1 Long Form for the report period to which you wish to apply the credit. Unused
biodiesel blending facility tax credit may be carried forward for four years from the date of the certificate of eligibility issued
by EMNRD. See “Recapture May be Required” in the instructions if the facility does not complete at least 180 days of avail-
ability of the facility within the first 365 days after the issuance of the certificate of eligibility from EMNRD. When applying
credits use only the CRS-1 Long Form.
For information on obtaining the certificate of eligibility, contact EMNRD at (505) 476-3314, or visit their web site
. For assistance completing this form, obtaining TRD approval or claiming the credit, call (505) 476-3683.
Name of business
New Mexico CRS identification number
Name and phone number of contact person
Address
SECTION I - REQUESTING APPROVAL FOR BIODIESEL BLENDING FACILITY TAX CREDIT
1. Enter the actual cost of the eligible equipment and installation of the biodiesel blending
equipment for which you received a certificate of eligibility from EMNRD.
1.
2. Multiply line 1 by 30% and enter the product here. Do not enter more than $50,000 for
each facility. This is the amount of credit requested to be approved.
2.
Filing This Form: Upon receipt of the certificate of eligibility from EMNRD, submit this completed Form RPD-41339, Bio-
diesel Blending Facility Tax Credit Approval Request Form, a copy of the certificate of eligibility from EMNRD, and a copy
of the invoice(s) for the certified equipment and installation costs. Mail to Taxation and Revenue Department, Special Fuels
Tax, P.O. Box 25123, Santa Fe, New Mexico 87504-25123. After approval is received see instructions for claiming the credit.
I declare that I have examined this form including any accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct and complete.
Signature of Taxpayer or Agent
Title
Date
SECTION II - TO BE COMPLETED BY THE TAXATION AND REVENUE DEPARTMENT
Credit number:
Date of approval:
Approved amount of biodiesel blending facility tax credit:
Biodiesel blending facility tax credit is approved as submitted.
Biodiesel blending facility tax credit is not approved. See the attached explanation.
Biodiesel blending facility tax credit is approved, but the amount of the credit has been adjusted. See the
attached explanation.
Signature of Secretary: ________________________________
Date of signature: _______________________

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2