Form Cit-Cr - New Mexico Tax Credit Schedule - 2014
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2*146480200*
2014 CIT-CR
NEW MEXICO TAX CREDIT SCHEDULE
Federal Employer Identification Number (FEIN)
Use this schedule to claim the tax credits listed below that you may take against New Mexico corporate income tax reported
on your Corporate Income and Franchise Tax Return (CIT-1). You may also claim the refundable part of the approved film
production tax credit and renewable energy production tax credit using this schedule. On CIT-1, line 13, enter the total
tax credits you claimed on line A of this schedule to apply to your income tax liability. On CIT-1, line 28, enter the total
refundable part of the tax credits claimed on line B of this schedule. Be sure to attach the appropriate backup documents to
support each tax credit you take and attach Schedule CIT-CR to Form CIT-1. To calculate the amount you may claim, refer
to the claim form or supporting instructions for the credit. The sum of credits claimed on Schedule CIT-CR may not exceed
the amount on Form CIT-1, line 14. For a complete description of the credits, see the CIT-1 instructions and FYI-106,
Claiming Tax Credits for CRS Taxes and Business-Related Income.
Credit Type Code
Credit Name and required attachments
A01
Affordable housing tax credit. Attach Form RPD-41301 and voucher.
A03
Agricultural water conservation tax credit. Attach Form RPD-41319 and certification.
A04
Advanced energy tax credit. Attach Form RPD-41334.
A05
Agricultural biomass tax credit. Attach Form RPD-41361.
B01
Business facility rehabilitation credit. Attach Form CIT-5 and certification.
B02
Blended biodiesel fuel tax credit. Attach Form RPD-41340.
C02
Corporate-supported child care tax credit. Attach Form CIT-3.
E01
Electronic card-reading equipment tax credit. Attach Form RPD-41246.
F01
Film production tax credit. Attach Form RPD-41228.
G01
Geothermal ground-coupled heat pump tax credit. Attach Form RPD-41346 and certification.
G02
Intergovernmental business tax credit. Attach statement and proof of payment .
J01
Job mentorship tax credit. Attach Forms RPD-41281 and RPD-41280.
L01
Land conservation incentives credit. Attach Form RPD-41282 and approval letter.
P01
Preservation of cultural property credit. Attach Form CIT-4 and certification.
R01
Rural job tax credit. Attach Form RPD-41243.
R03
Renewable energy production tax credit. Attach Form RPD-41227.
S02
Sustainable building tax credit. Attach Form RPD-41329.
T01
Technology jobs (additional) tax credit. Attach Form RPD-41244.
V01
Veteran employment tax credit. Attach Form RPD-41372.
Amount Claimed
Amount of
Credit Type
Credit Approval
Number
Applied To Tax Due
Credit To Refund
Code
1.
2.
3.
4.
5.
A.
TOTAL Applied .......................................................
Enter this amount on CIT-1, page 2, line 13. If you
are claiming more that 5 credits, include the amounts
from your CIT-CR Supplemental schedule.
Refundable part of film production tax credit (credit type code F01) and
B.
renewable energy production tax credit (credit type code R03)...........................
Enter this amount on CIT-1, page 2, line 28. If claiming more that 5 credits, include all
refundable amounts of credit type codes F01 and R03 from CIT-CR Supplemental schedule.
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