Form Rpd-41228 - Film Production Tax Credit Claim Form (Page 3 of 4) in pdf

State of New Mexico - Taxation and Revenue Department

RPD-41228

Rev. 11/04/2013

FILM PRODUCTION TAX CREDIT CLAIM FORM

Instructions

Page 2 of 3

refunded under the Film Production Tax Credit Act. Caution:

an account located outside the United States. The question

If the amount you request to be applied to the tax liability due

also warns you that if the answer is "yes", you should not

on the return is not eligible to be paid immediately, you will

choose the Refund Express method of delivering your refund.

be billed for the tax liability not paid, and you may be subject

Your options are to use a different bank account or to leave

to interest on the unpaid tax due.

the Refund Express portion of your return blank and a paper

check will be mailed to the address on the return.

For direct production expenditures made on or after April 15,

2013, an eligible film production company that is required to

A financial institution is located within the territorial jurisdiction

file Federal Form 1065, may apply for a film production tax

of the United States if it is:

credit, and may claim the credit on the New Mexico PTE return.

• located within the United States;

• located on a United States military base; or

For direct production expenditures made before April 15,

• located in American Samoa, Guam, the Northern Mariana

2013, the eligible film production company required to file

Islands, Puerto Rico or the U.S. Virgin Islands.

Federal Form 1065, may not claim the credit on the New

Mexico PTE return. In this case, the taxpayer filing the Form

Refund express is available for deposits to the taxpayer’s

PTE must pass approved film production tax credit to its own-

account only. Taxpayers may not request the funds to be

ers, members or partners, using Form RPD-41366, Notice of

deposited into the account of another payee.

Distribution of Film Production Tax Credit. This form must be

completed and attached to Form RPD-41229, Application for

TRD is not responsible for the misapplication of a direct deposit

Film Production Tax Credit, at the time of making application

refund that is caused by the error, negligence or malfeasance

for the credit, but no later than the date the credit is approved

on the part of the taxpayer. Verify that you enter the correct

by TRD. When completing Form RPD-41366 do not complete

bank information.

the fields marked “to be completed by TRD”. The Department

will complete these fields once the film production tax credit is

Why Use Refund Express?

approved. The amount of tax credit distributed will be based

on the percentage of claim provided by the film production

• Avoid delays that may occur in mailing a check. Refund

company.

Express does not guarantee that you will receive your re-

fund check earlier — only that when the check is issued,

For all tax programs, you must attach Form RPD-41228, Film

it will reach the bank more quickly.

Production Tax Credit Claim Form, to your return. Failure to

• Payment is more secure. There is no check to get lost.

attach this form will result in denial of your claim for the credit.

• More convenient. No trip to the bank to deposit your check.

• Saves tax dollars. A refund by direct deposit costs less

Do not mail the return to the address on the income tax return.

than a check.

The completed income tax return and Form RPD-41228 must

be mailed to: New Mexico Taxation and Revenue, Attn: Film

What is the Routing Number?

Production Tax Credit, P.O. Box 5418, Santa Fe, New Mexico,

87502-5418. Mailing to this address ensures that your claim

The routing number is for bank identification and must be

is recorded timely.

nine digits. If the first two digits are not 01 through 12 or 21

through 32, the system will reject the direct deposit and you

Refund Express (continued from the first page)

will receive a check.

Refund Express - Question 4 is required: A direct deposit

Your check may state that it is payable through a bank different

of your refund, "Refund Express", may not be made to a bank

from the financial institution where you have your checking

account located at a financial institution outside the territorial

account. If so, do not use the routing number on that check.

jurisdiction of the United States. In order to comply with federal

Instead, contact your financial institution for the correct routing

banking rules, anyone wishing to have their refund directly

number to enter on this line.

deposited into their account must answer an additional ques-

tion when completing the Refund Express portion of their

Entering Your Account Number

return. If you do not answer the question, your refund will be

mailed to you in the form of a paper check. If you answer the

Your account number can be up to 17 characters. Include

question incorrectly, your refund may be delayed, rejected or

hyphens, but omit spaces and special symbols. Enter the

frozen by the National Automated Clearing House Association

number from left to right. Leave unused boxes blank. Do not

(NACHA) or the Office of Foreign Assets Control (OFAC).

include the check number.

The question asks whether the refund will go to or through

Form Rpd-41228 - Film Production Tax Credit Claim Form Page 3

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