Form Rpd-41319 - Agricultural Water Conservation Tax Credit Claim Form
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3State of New Mexico - Taxation and Revenue Department
RPD-41319
Rev. 6/21/2013
AGRICULTURAL WATER CONSERVATION TAX CREDIT CLAIM FORM
PURPOSE OF FORM: To apply the agricultural water conservation tax credit to personal or corporate income tax due, submit
Form RPD-41319, Agricultural Water Conservation Tax Credit Claim Form, with a PIT-1, CIT-1, S-Corp, or FID-1 return for the tax year to
which you wish to apply the credit. Excess agricultural water conservation tax credit may be carried forward for five consecutive years from
the tax year in which the qualified eligible expenses were incurred. The agricultural water conservation tax credit provisions are repealed
effective January 1, 2013; however, taxpayer may claim a carryforward of the credit. Attach this form to the return and mail to the address
on the New Mexico income tax return. For assistance completing this form, call (505) 827-6811.
Name of taxpayer
Social security number or federal employer identification number
Schedule A - Worksheet to compute the total excess credit available for carryforward
(d) Excess credit available
(b) Amount of credit
(c) Credit claimed against
(a) Tax year of previous
for carryforward [(b) - (c)]
approved
prior year tax liabilities
years credit
Enter the sum of column (d). If supple-
TOTAL excess credit available.
mental pages are attached, enter the sum of column (d) from all pages.
1.
Enter agricultural water conservation tax credits approved for the tax year of the
1.
attached return.
2.
Enter total unused agricultural water conservation tax credits available for carryforward
2.
from Schedule A.
3.
Enter the sum of lines 1 and 2. This is the available agricultural water conservation tax
3.
credit that may be claimed against the attached New Mexico income tax return.
4.
Enter the portion of available credit claimed on your current New Mexico personal or
4.
corporate income tax return.
Enter the credit claimed on the applicable line of the New Mexico income tax PIT-1, CIT-1, S-Corp, or FID-1 return. The agricultural water
conservation tax credit may be deducted only from the claimant’s New Mexico personal or corporate income tax liability. NOTE: Failure to
attach this form to your New Mexico personal or corporate income tax return will result in denial of the credit.
I certify that: (Check all that apply.)
I owned or leased a water right appurtenant to the land on which an eligible improvement was made in that year;
(If the applicant is an individual)
I will not take a tax credit for the same expense on any corporate tax return.
I certify that I have examined this return including accompanying returns and statements, and to the best of my knowledge
and belief, they are true, correct and complete.
Signature of Taxpayer or Agent
Title
Date
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