Form Rpd-41371 - Application For Veteran Employment Tax Credit (Page 4 of 4) in pdf

Form Rpd-41371 - Application For Veteran Employment Tax Credit Page 4

STATE OF NEW MEXICO

RPD-41371

Rev. 10/23/2014

TAXATION AND REVENUE DEPARTMENT

APPLICATION FOR VETERAN EMPLOYMENT TAX CREDIT

INSTRUCTIONS

Page 2 of 2

HOW TO CLAIM THIS TAX CREDIT

DEFINITION

Once approved, you may claim the credit against your per-

A "qualified military veteran" means an individual who is

sonal or corporate income tax due by attaching Form RPD-

hired within two years of receipt of an honorable discharge

41372, Veteran Employment Tax Credit Claim Form, to the

from a branch of the U.S. military, who works at least 40

tax return for the tax year in which you employ the veteran.

hours per week during the taxable year for which the veteran

Excess credit may be carried forward for three years. Mail

employment tax credit is claimed, and who was not previously

all forms to the address on the tax return.

employed by the taxpayer prior to the individual’s deployment.

The qualified military veteran must work or be expected to

work an average of 40 hours or more per week.

Form Rpd-41371 - Application For Veteran Employment Tax Credit Page 4