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State of New Mexico - Taxation & Revenue Department

RPD-41346

Rev. 06/25/2013

GEOTHERMAL GROUND-COUPLED HEAT PUMP TAX CREDIT CLAIM FORM

Schedule A

Complete and attach Schedule A to Form RPD-41346, Geothermal Ground-Coupled Heat Pump Tax Credit Claim Form, if

you have unused geothermal ground-coupled heat pump tax credit available for carry-forward from prior years.

Worksheet to calculate the total unused credit available for carry-forward from prior years.

(a) Tax year of previously approved credit. Enter the tax year for each geothermal ground-coupled heat pump tax credit

approved in a previous tax year. Attach a separate schedule if additional space is needed. Enter the four-digit tax year if the

credit was allowed in a tax year that was a full calendar year. For fiscal and short tax years, enter the beginning and ending

dates of the tax year. For example, enter 2011 if the tax year is a calendar year, or enter 07/01/2011 to 06/30/2012, if the

tax year is a fiscal year. For tax years beginning after December 31, 2020, do not include credits approved in a tax year that

is more than 10 years prior to the current tax year. Unused geothermal ground-coupled heat pump tax credits may not be

carried forward for more than 10 consecutive tax years following the tax year for which the credit was originally approved.

(b) Amount of credit approved. For each tax year listed in column (a), enter the total amount of credit approved for the

taxpayer during that year. Include only geothermal ground-coupled heat pump income tax credits that have been reported

on a previously filed Form RPD-41346, Geothermal Ground-Coupled Heat Pump Income Tax Credit Claim Form. Report

new credits on Form RPD-41346, line 2.

(c) Total credit claimed in previous tax years. For each credit amount listed in column (b), enter the total amount of credit

claimed in all tax years prior to the current tax year.

(d) Unused credit available for carry-forward from prior years. Subtract column (c) from column (b). Enter the sum of

all amounts in column (d) on line 3 of the current year claim form, RPD-41317.

A taxpayer who has both carry-forward credit and new credit derived from a certified geothermal ground-coupled heat pump

during the current tax year, must first apply the carry-forward credit against the income tax liability. The new credit is applied

if the amount of tax liability exceeds the carry-forward credit amount.

(d) Unused credit available for

(b) Amount of credit

(a) Tax year of

carry-forward [(b) - (c)]

previous tax years

approved

previously approved credit

TOTAL carry-forward available

Enter the sum of column (d) on line 3 on

the first page of this form.

Form Rpd-41346 - Geothermal Ground-Coupled Heat Pump Tax Credit Claim Form With Schedules Page 2