Form Rpd-41352 - County Gaming Tax Credit Claim Form
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1RPD-41352
State of New Mexico - Taxation and Revenue Department
Int. 02/2011
COUNTY GAMING TAX CREDIT CLAIM FORM
INSTRUCTIONS FOR USING THIS FORM: A qualifying racetrack that is located in a qualifying county, may claim the county
gaming tax credit in an amount of up to fifty percent of the taxpayer's monthly gaming tax liability, not to exceed a maximum
credit of $750,000 per fiscal year ending June 30th. The credit claimed on a monthly basis against the gaming tax may not
exceed one-twelfth of 50% of the gaming tax paid in the prior calendar year. Any additional credit that may be allowed may
be claimed in the last month of the fiscal year.
If the total amount of county gaming tax credit claimed in a fiscal year exceeds the amount of county business retention
gross receipts tax collected for the county in which the racetrack is located, the racetrack must remit to the Department the
amount equal to the excess credit. The racetrack may not claim additional county gaming tax credit until the excess credit
has been paid.
A qualifying county is a county in which the board of county commissioners has imposed and the electors have approved
a county business retention gross receipts tax. A qualifying racetrack is a racetrack gaming operator licensee located in a
qualifying county, that had combined net take and receipts, not including receipts for purses, from an allocation agreement
made pursuant to Section 60-2E-27 NMSA 1978, of under fifteen million dollars ($15,000,000).
Attach this Form RPD-41352, to the Form RPD-41209, Gaming Operator Tax Return, to which the credit is to be applied.
Underpay the tax due by the amount of the credit claimed. Mail the forms and payment to Taxation and Revenue Department,
P.O. Box 25123, Santa Fe, New Mexico 87504-5123. For assistance call 505-827-0792.
TAXPAYER'S COPY
NM CRS ID Number
Name of racetrack
FEIN
REPORT PERIOD
Enter the location code from the gross
receipts tax rate schedule.
-
through
COUNTY GAMING TAX CREDIT CLAIMED
Month
Day
Month
Day
Year
Year
.
,
,
$
RETURN BOTTOM PORTION WITH YOUR RETURN AND PAYMENT
RPD-41352
New Mexico Taxation and Revenue Department
Int. 02/2011
COUNTY GAMING TAX CREDIT CLAIM FORM
NM CRS ID Number
Name of racetrack
FEIN
REPORT PERIOD
Enter the location code from the gross
receipts tax rate schedule.
-
through
COUNTY GAMING TAX CREDIT CLAIMED
Month
Day
Month
Day
Year
Year
.
,
,
$
I declare that I have examined this form, and to the best of my knowledge and belief, it is true, correct and complete.
Signature of Taxpayer or Agent _________________________________________ Title ____________________________ Date _______________
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