Form Rpd-41324 - Gross Receipts Tax Credit For Certain Hospitals Claim Form Page 2

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RPD-41324
State of New Mexico - Taxation and Revenue Department
Rev. 02/2011
GROSS RECEIPTS TAX CREDIT FOR CERTAIN HOSPITALS
INSTRUCTIONS
WHO MUST FILE THIS FORM: For report periods beginning on or after July 1, 2007, hospitals licensed by the New
Mexico Department of Health may claim a gross receipts tax credit equal to a percentage of taxable gross receipts. See
rates below.
1)
for a hospital located in a municipality; and
For report period beginning
But before
Percentage of the hospital’s
on or after
taxable gross receipts after all
applicable deductions have been taken
July 1, 2007
July 1, 2008
.755%
July 1, 2008
July 1, 2009
1.51%
July 1, 2009
July 1, 2010
2.265%
July 1, 2010
July 1, 2011
3.02%
July 1, 2011
--
3.775%
2)
for a hospital located in the unincorporated area of a county
For report period beginning
But before
Percentage of the hospital’s
on or after
taxable gross receipts after all
applicable deductions have been taken
July 1, 2007
July 1, 2008
1%
July 1, 2008
July 1, 2009
2%
July 1, 2009
July 1, 2010
3%
July 1, 2010
July 1, 2011
4%
July 1, 2011
--
5%
HOW TO COMPLETE THIS FORM: Complete all information requested in the business name block. The reported tax
period must match the tax period shown on the CRS-1.
Column 1: Enter the location of the hospital (municipality and/or unincorporated area of a county).
Column 2: Enter the amount from Column F of your CRS-1 report for the current report period.
Column 3: Enter the percentage rate, from tables above, of the credit applicable to this report period.
Column 4: Multiply the
mount reported in Column 2 by the percentage rate in Column 3 and enter the
a
product in Column
4.
Add all amounts in Column 4 and enter the sum. This is the credit available.

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