Form Rpd-41329 - New Mexico Sustainable Building Tax Credit Claim Form Page 5
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5State of New Mexico - Taxation and Revenue Department
RPD-41329
Rev. 08/27/2014
SUSTAINABLE BUILDING TAX CREDIT
Page 3 of 3
CLAIM FORM
Schedule A Instructions
For each sustainable building tax credit approved by the New Mexico Energy, Minerals and Natural Resources Department
(EMNRD) complete a row in Schedule A. Do not include credits approved in a tax year that is more than eleven years prior
to the tax year for which this claim is filed. Unused sustainable building tax credits may not be carried forward for more than
ten consecutive tax years following the tax year for which the credit was approved. Do not include credits which have been
claimed in full in prior tax years.
.
COLUMN INSTRUCTIONS
(a) Credit number. Enter the credit number assigned by the Taxation and Revenue Department (TRD) for each sustainable build-
ing tax credit approved by TRD. The credit number is provided on Form RPD-41327, Sustainable Building Tax Credit Approval.
If the credit was transferred to you, enter the new credit number assigned by TRD on Form RPD-41342, Notice of Transfer of
Sustainable Building Tax Credit. Do not enter a credit if the credit was not approved by TRD or if the credit is no longer available
for carryforward. Excess sustainable building tax credits may only be carried forward for seven years following the tax year that
the credit is approved and claimed.
(b) Date of approval. Enter the date the sustainable building tax credit was approved by TRD, as indicated on Forms RPD-
.
41327, Sustainable Building Tax Credit Approval, or RPD-41342, Notice of Transfer of Sustainable Building Tax Credit
(c) Amount of credit approved. For each credit, enter the amount approved by TRD, as indicated on Forms RPD-41327,
Sustainable Building Tax Credit Approval, or RPD-41342, Notice of Transfer of Sustainable Building Tax Credit
.
Total credit claimed in previous tax years. For each credit amount listed, enter the total amount of credit claimed in
(d)
all tax years prior to the current tax year.
(e) Unused credit. For each credit, subtract the amount in column (d) from the amount in column (c).
(f) Applied to the attached return. For each credit, enter in column (f) the amount that is applied to the attached New
Mexico income tax return.
When calculating the amount in column (f), apply the following rules:
•
Applying credits: Apply the sustainable building tax credit that was approved for the current tax year first. If additional
tax is due for the current tax year, you may apply credit available for carryforward from prior year claims. Excess
credit available for carryforward from prior year claims, should be applied in the order that they were approved, ap-
plying older credits first.
•
The maximum amount of credit claimed in a tax year. The sum of tax credits applied to the tax due on the return
may not exceed the income tax claimed on the New Mexico income tax return. That amount is the net New Mexico
income tax calculated before applying any tax credits claimed.
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