Form Rpd-41243 - New Mexico Rural Job Tax Credit Claim Form printable pdf download

RPD-41243

Rev. 10/23/2014

State of New Mexico - Taxation and Revenue Department

RURAL JOB TAX CREDIT CLAIM FORM

PURPOSE OF THIS FORM: When claiming an approved Rural Job Tax Credit, this form must accompany the CRS-1, per-

sonal income tax or corporate income tax return to which the taxpayer wishes to apply the credit. The holder of the credit

may apply all or a portion of the Rural Job Tax Credit to their gross receipts tax less any taxes collected with respect to local

option gross receipts taxes (5.125% of taxable receipts), compensating tax, and withholding taxes due, less the amount of

any credit other than the Rural Job Tax Credit applied.

The holder may also apply the credit to his personal or corporate income tax liability. If a pass-through entity (PTE) is a

holder of a credit, the PTE may pass the credit to its owners so that the owners may claim the credit against their corporate

or personal income tax liabilities. Use Form RPD-41365, Notice of Transfer of Rural Job Tax Credit, to report to Taxation

and Revenue Department a distribution of approved Rural Job Tax Credit to the owners, members or partners of a PTE. The

credit claim can be carried forward for a period of three years from the date the credit is issued. Complete the Rural Job Tax

Credit Claim Form, attach it to the return that it is being claimed against and mail to the address on that return along with

any applicable payment.

Any amount of credit not claimed for a reporting period may be claimed in subsequent reporting periods.

The original holder is the business to whom the credit has been approved. When the credit is transferred to a new holder,

notification to the New Mexico Taxation and Revenue Department must be made within ten days of the transfer.

For more information about this credit, see the instructions to Form RPD-41238, Rural Job Tax Credit Application, which

must be completed and approved prior to submitting this form.

For assistance, call (505) 476-3683.

Social security number (SSN) or federal employer

Name of holder

identification number (FEIN) of holder

Mark one:

FEIN

SSN

Mailing address

City, state and ZIP code

CRS identification number

E-mail address

Phone number

From

1. Enter the beginning and ending date of the tax year of this claim.

2. Enter the tax due as shown on your return.

3. Enter the portion of total credit available (from Schedule A) claimed on your current

New Mexico CRS, PIT-1, CIT-1, S-Corp or FID-1 tax return. Do not enter more than the

amount of tax due. The credit used may not exceed the amount of tax otherwise due.

NOTE: Failure to attach this form and other required attachments to your New Mexico tax return

will result in denial of the credit.

Under penalty of perjury, I declare that I have examined this claim, and to the best of my knowledge and belief it is true,

correct and complete.

Signature of claimant_________________________________________ Date________________________________

Form Rpd-41243 - New Mexico Rural Job Tax Credit Claim Form