Form Rpd-41370 - Certification Of Eligibility For The Veteran Employment Tax Credit (Page 3 of 3) in pdf

Form Rpd-41370 - Certification Of Eligibility For The Veteran Employment Tax Credit Page 3

State of New Mexico - Taxation and Revenue Department

RPD-41370

Rev. 10/31/2013

CERTIFICATION OF ELIGIBILITY FOR THE VETERAN EMPLOYMENT TAX CREDIT

INSTRUCTIONS

Page 2 of 2

A taxpayer who has a short-year return enters the number

This form must be signed and dated. Attach the completed

form to Form RPD-41371, Application for Veteran Employ-

of days included in their tax year.

ment Tax Credit.

9. Divide line 7 by line 8. Calculate the percentage to 3

decimal places. If the numbers in lines 7 and 8 are the

Mail to:

same number, enter 1.000.

Taxation and Revenue Department

10. Multiply line 9 by $1,000. This is the total veteran employ-

P.O. Box 5418

ment tax credit allowed for this qualified military veteran

Santa Fe, NM 87502-5418

for this tax year. Include this amount on the Application

Once approved, use Form RPD-41372, Veteran Employment

for Veteran Employment Tax Credit, RPD-41371. A certi-

Tax Credit Claim Form, to claim the credit against the tax due.

ficate of eligibility for each qualified military veteran

Attach the claim form to the corporate or personal income tax

employee during the qualified period must be attached

return to which you wish to apply the credit. Any excess may

to Form RPD-41371, Application for Veteran Employment

be carried forward for up to three years.

Tax Credit.

IMPORTANT: The Department may require you to furnish

Certifications

additional documentation to verify eligibility.

To qualify for the veteran employment tax credit, both certifica-

tions must be met. Check the boxes that apply.

DEFINITION

A qualified military veteran means an individual who is

11. Mark the box to certify that the employee meets the defi-

hired within two years of receipt of an honorable discharge

nition of a “qualified military veteran.” See Definitions in

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

these instructions.

hours per week during the taxable year for which the veteran

employment tax credit is claimed.

12. Mark the box to certify that the qualified military veteran is

employed for at least 40 hours per week, by the employer

The qualified military veteran must work or be expected to

at a location in New Mexico, during the qualified period

work an average of 40 hours or more per week.

of employment, as shown on line 5 of this form.

Form Rpd-41370 - Certification Of Eligibility For The Veteran Employment Tax Credit Page 3

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