Form Rpd-41319 - New Mexico Agricultural Water Conservation Tax Credit Claim Form Page 3
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3State of New Mexico - Taxation and Revenue Department
RPD-41319
Rev. 10/21/2014
AGRICULTURAL WATER CONSERVATION TAX CREDIT CLAIM FORM
INSTRUCTIONS
Page 2 of 2
Line Instructions for Completing Form RPD-41319, Agricultural Water Conservation Tax Credit Claim Form: Enter
the holder’s name and social security number or federal employer identification number. Complete Schedule A to compute
total excess credit available for carryforward. Include in Schedule A, only credits that have been allowed for a prior tax year,
and that have a balance available for carryforward. Credits approved for the tax year of this claim will be included on line 1
of this claim form.
nstructions for Schedule A - worksheet to compute the total excess credit available for carryforward
I
(a) Tax year of previous year’s credit. Enter the prior tax years for which an agricultural water conservation tax credit
has been approved. If additional space is needed, attach a schedule in the same format on a separate page. Do not make
an entry for a tax year for which the approved credit is no longer available for carryforward. Excess agricultural water
conservation tax credits may only be carried forward for five consecutive years following the tax year that the qualified
eligible expenses were incurred.
(b) Amount of credit approved. For each tax year listed in column (a), enter the amount of credit approved for that tax year.
(c) Credit claimed against prior year tax liabilities. For each credit amount listed in column (b), enter the total amount
of credit applied to personal or corporate income tax liabilities on prior year returns.
(d) Excess credit available for carryforward. Subtract column (c) from column (b) and enter the difference.
Total excess credit available for carryforward. Enter the sum of all amounts in column (d). If supplemental pages are
attached, enter the sum of all amounts in column (d) from all pages. Also enter this amount on Line 2 of this form.
Line 1. Tax credits approved. Enter the agricultural water conservation tax credits approved for the tax year of the attached
return.
Line 2. Total excess credit available for carryforward. Enter the excess credit available for carryforward from Schedule A.
Line 3. Enter the sum of lines 1 and 2. This is the total agricultural water conservation tax credit available to be claimed
against the personal or corporate income tax liability due on the attached return.
Line 4. Enter the portion of available credit claimed on your attached personal or corporate income tax return.
Certifications
The taxpayer claiming the agricultural water conservation tax credit must certify that the applicable statements are true by
checking the boxes on Form RPD-41319 to claim the credit.
Sign and date the claim form.
The credit applied to the attached return cannot exceed the amount of personal or corporate income tax liability otherwise
due. You must apply credit approved to be claimed in the tax year first (Line 1). If the credit amount approved to be claimed
in a tax year is less than the personal or corporate income tax liability for that year, you may apply excess credit available
for carryforward (Line 2) next. When applying excess credits available for carryforward, apply the credit with the oldest ap-
proval date first.
Attach Form RPD-41319, Agricultural Water Conservation Tax Credit Claim Form, to your personal or corporate income tax
return and mail to the address on the New Mexico income tax return. For assistance completing this form, call (505) 827-0792.
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