×
tax forms found in
Tax Form Code
Tax Form Name

New Mexico Free Printable  for 2024 New Mexico Rural Job Tax Credit Claim Form

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-new-mexico-form-rpd-41243.pdf, and you can print it directly from your computer.

Rural Job Tax Credit Claim Form
Form RPD-41243

RPD-41243 Rev. 09/23/2021 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 personal income tax or corporate income tax return to which the taxpayer wishes to apply the credit. The holder of the credit may also apply all or a portion of the Rural Job Tax Credit to their gross receipts tax (TRD-41413) less any taxes collected with respect to local option gross receipts taxes, compensating tax (TRD-41412), and withholding taxes (TRD-41409 or TRD-41414) due, less the amount of any credit other than the Rural Job Tax Credit applied (Prior to July 1, 2021, for these credits this credit was claimed on the CRS-1). When computing the amount of technology jobs and research and development tax credit that can be claimed against gross receipts tax, multiply the gross receipts by 3.9% if the location code reported is a municipality, and 5.125% if the location code is anywhere else within or outside New Mexico. 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. 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. To claim the credit, attach this completed form to the return on which you wish to apply the credit on before the due date of the return. You may apply this credit when you file your return online. Sign into Taxpayer Access Point (TAP) at https://tap. state.nm.us, and follow the prompts to attach this form. To mail in, attach this form and any applicable payments to the tax return and mail to the address on the return. For assistance claiming your approved credit, call (505) 827-0792. Name of holder Social security number (SSN) or federal employer identification number (FEIN) of holder Mark one: Mailing address FEIN SSN City, state and ZIP code New Mexico Business Tax Identification Number (NMBTIN) E-mail address Phone number 1. Enter the beginning and ending date of the tax year of this claim. From 2. Enter the New Mexico tax less any local option gross receipts tax due on this return. If applying against an income tax return, enter the Net New Mexico income tax calculated before applying any credit. 3. Enter the portion of total credit available (from Schedule A) claimed on your current New Mexico tax return. Do not enter more than the amount of Net New Mexico tax due. The credit used may not exceed the amount of tax otherwise due. to 2. $ 3. $ 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________________________________ RPD-41243 Rev. 09/23/2021 State of New Mexico - Taxation and Revenue Department RURAL JOB TAX CREDIT CLAIM FORM Schedule A Once the Rural Job Tax Credit is approved, complete and attach Form RPD-41243, Rural Job Tax Credit Claim Form, including Schedule A, to your New Mexico tax return. When claiming the credit against taxes, also attach the applicable tax credit Schedule CR. (a) Credit number (b) Date of approval (c) Amount of credit approved (d) Credit previously claimed (e) Unused credit [(c) - (d)] TOTAL credit available Enter the sum of column (f) here and on line 3 of Form RPD-41243. (f) Applied to the attached return RPD-41243 Rev. 09/23/2021 State of New Mexico - Taxation and Revenue Department RURAL JOB TAX CREDIT CLAIM FORM Instructions Schedule A Instructions For each Rural Job Tax Credit approved, complete a row in Schedule A. Do not include credits which have been claimed in full.. COLUMN INSTRUCTIONS (a) Credit number. Enter the credit number assigned by the Taxation and Revenue Department on your approval documentation. (b) Date of approval. Enter the date of the Department's approval for the credit from your approval documentation. (c) Amount of credit approved. For each credit, enter the amount of credit approved. (d) Credit previously claimed. For each credit, 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 rural job tax credits in the order that they were approved. • 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 tax due on the New Mexico tax return. NOTE: Failure to attach this form and other required attachments to your New Mexico tax return will result in denial of the credit.
Extracted from PDF file 2023-new-mexico-form-rpd-41243.pdf, last modified September 2021

More about the New Mexico Form RPD-41243 Other Tax Credit TY 2023

We last updated the Rural Job Tax Credit Claim Form in February 2024, so this is the latest version of Form RPD-41243, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RPD-41243 directly from TaxFormFinder. You can print other New Mexico tax forms here.

Other New Mexico Other Forms:

TaxFormFinder has an additional 80 New Mexico income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form RPD-41317 Solar Market Development Income Tax Credit Claim F
Form RPD-41083 Affidavit to Obtain Refund of NM Tax due a Deceased Taxpayer
Form RPD-41285 (Obsolete) Annual Statement of Withholding of Oil and Gas Proceeds
Form RPD-41272 Calculation of Estimated PIT Underpayment Penalty Form
Form ACD-31102 Tax Information Authorization

Download all NM tax forms View all 81 New Mexico Income Tax Forms


Form Sources:

New Mexico usually releases forms for the current tax year between January and April. We last updated New Mexico Form RPD-41243 from the Taxation and Revenue Department in February 2024.

Show Sources >

Form RPD-41243 is a New Mexico Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

Historical Past-Year Versions of New Mexico Form RPD-41243

We have a total of thirteen past-year versions of Form RPD-41243 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



TaxFormFinder Disclaimer:

While we do our best to keep our list of New Mexico Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/index.php/newmexico/form-rpd-41243