Form Rpd-41227 - Renewable Energy Production Tax Credit Claim Form Page 2
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State of New Mexico - Taxation and Revenue Department
RPD-41227
Rev. 10/11/2012
RENEWABLE ENERGY PRODUCTION TAX CREDIT
Schedule A
To complete Section II of the claim Form RPD-41227, Renewable Energy Production Tax Credit Claim Form, attach a com-
pleted Schedule A to compute unused credits for carry forward from prior tax year claims.
(a) Tax year of previous claim. For each credit claimed in a previous tax year with unused credit available for carry forward,
enter the tax year in which the credit was first claimed. Enter the four-digit year if the credit was claimed in a calendar year.
For fiscal-year and short-year returns, enter the beginning and ending dates of the tax year. For example, enter 2003 if the
tax year is a calendar year, or enter 07/01/2002 to 07/30/2003, if the tax year is a fiscal year. Do not enter a credit if the credit
is no longer available for carry forward. Excess renewable energy production tax credit may only be carried forward for five
years following the tax year that the credit is first claimed.
(b) Credit claimed. For each credit claimed in column (a), enter the amount of credit that was approved for that tax year.
(c) Total credit taken in previous tax years. For each credit amount listed in column (b), enter the total amount of credit
applied to personal or corporate income tax liabilities in prior year returns.
(d) Unused credit available for carry forward from prior claims. Subtract column (c) from column (b) and enter the dif-
ference.
Total unused credit available for carry forward. Enter the sum of all amounts in column (d). Also enter this amount on
line 8 of Form RPD-41227.
You must apply credit approved to be claimed in the tax year first. If the credit amount approved to be claimed in a tax year is
less than the personal or corporate income tax liability for that year, you may apply unused credit available for carry forward
next. When applying excess credits available for carry forward, apply the oldest credit first.
NOTE: Taxpayers who have received approval for tax credits for facilities that first produced electricity on or after October
1, 2007, can claim a refund for any credits in excess of their tax liability.
(a) Tax year of previous
(b) Credit claimed
(c) Total credit taken in
(d) Unused credit for carry forward
claim
previous tax years
from prior claims [(b) - (c)]
Total unused credit available for carry forward. Enter the sum of
all amounts in column (d). Also enter this amount on line 8 of Form
RPD-41227.
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