Form Rpd-41301 - New Mexico Affordable Housing Tax Credit Claim Form Page 4
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4State of New Mexico - Taxation and Revenue Department
RPD-41301
Rev. 10/21/2014
AFFORDABLE HOUSING TAX CREDIT CLAIM FORM
INSTRUCTIONS
Page 4 of 4
Schedule A Instructions
For each affordable housing tax credit approved by the New Mexico Mortgage Finance Authority (MFA) complete a row in
Schedule A. Do not include credits approved in a tax year that is more than six years prior to the tax year for which this claim
is filed. Unused affordable housing tax credits may not be carried forward for more than five consecutive tax years follow-
ing 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) Investment voucher number - Enter the investment voucher number (credit number) assigned by MFA on the invest-
ment voucher. If the credit was transferred to you, enter the new voucher number assigned by MFA. The person to whom an
investment voucher is issued, the holder, may claim an affordable housing tax credit against certain taxes and surcharges
imposed on the holder for the value (approved tax credit amount) of the investment voucher that has been issued to them.
The holder may not claim a credit for any unused balance after five years from the end of the calendar year in which the
investment voucher for the affordable housing project was originally issued, or the original voucher date. (See more about
Transfers on page 3.)
Enter the credit number assigned by MFA on the investment voucher. If the voucher was transferred to you, enter
the new voucher number assigned by MFA.
(b) Issue date. For each investment voucher reported, enter the original issue date of the investment voucher. The original
issue date is the date the original investment voucher was issued for an affordable housing project approved and certified
by the New Mexico Mortgage Finance Authority. If the investment voucher is transferred and a subsequent voucher number
is issued, the original voucher date is the date that the first investment voucher is issued for that affordable housing project.
(c) Amount of credit approved. For each investment voucher, enter the value of the investment voucher or the transfer
value if an investment voucher has been transferred to you.
(d) Total credit claimed in previous tax years. For each credit amount listed in column (c), enter the total amount of credit
claimed in 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 tax return.
When calculating the amount in column (f), apply the following rules:
Applying credits: Apply the affordable housing tax credit in the order that they were approved. If you have both a
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carry-forward credit and new credit derived from an approved affordable housing investment voucher during the cur-
rent tax year, apply the oldest credit against the liability first. List each investment voucher separately.
The maximum amount of credit claimed in a tax year. The sum of tax credits applied to the tax due on the return
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may not exceed the tax due on the New Mexico tax return.
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