New Mexico Income Tax Credit for Electronic Identification Card Reader

Income Tax Credit for Electronic Identification Card Reader
Form RPD-41246
RPD-41246
Rev. 06/30/2015

State of New Mexico - Taxation & Revenue Department

INCOME TAX CREDIT FOR
ELECTRONIC IDENTIFICATION CARD READER
PURCHASE AND USE STATEMENT

Purpose of Form. Use Form RPD-41246 to claim an income tax credit for purchasing and using an electronic identification
card reader, 7-2-18.8 and 7-2A-18 NMSA 1978. See instructions on the reverse side of this form.
Name of Business Eligible for the Credit

Name of Contact

CRS Identification No.

Phone Number

Address of Contact

Liquor Licence No.

Location(s) of Eligible Business. List the physical address of each business location using the electronic identification
card readers. If additional space is needed, please attach a separate sheet.
Physical address of business location using electronic identification card reader(s).

1.
Physical address of business location using electronic identification card reader(s).

2.
Physical address of business location using electronic identification card reader(s).

3.
Physical address of business location using electronic identification card reader(s).

4.
Claimant Information.
Enter the name and address of business owner, partner or associate who is claiming the credit:
(Go to “Division of Credit” on reverse side of this form if more than one owner)
Name and address

Enter the amount of credit claimed (may not exceed $300 per business location).
Claimant Statement.
Under penalty of perjury, I declare I have met the requirements for claiming this credit as set out in Section 7-2-18.8 or 7-2A18 NMSA 1978, that I have examined the information I have supplied on this purchase and use statement and to the best
of my knowledge and belief, it is true, correct and complete.

Date

Signature of claimant
Subscribed and sworn before me this
Notary Public

, 20

day of
My commission expires

RPD-41246
Rev. 06/30/2015

State of New Mexico - Taxation & Revenue Department
INCOME TAX CREDIT FOR ELECTRONIC IDENTIFICATION CARD READER
PURCHASE AND USE STATEMENT INSTRUCTIONS

ABOUT THIS CREDIT
Beginning with tax year 2001, a one-time income tax credit is available for businesses that purchase electronic identification card readers. A business may claim this credit on its New Mexico personal income tax return or corporate income and
franchise tax return if:
1) the business is licensed to sell cigarettes, tobacco products or alcoholic beverages, and
2) the business has purchased and has in use equipment that electronically reads identification cards to verify age.
The amount of the credit is $300 for each business location using electronic identification card readers.
Married individuals filing separate returns may each claim only one-half the allowable credit amount. A partnership or other
business association of which the taxpayer is a member may claim a credit only in proportion to the taxpayer’s interest in the
partnership or association. The total credit claimed by all members of the partnership or association may not exceed $300
dollars for each business location.
This non-refundable credit must be claimed in the taxable year the equipment was purchased and put into use. Excess
amounts cannot be carried forward or back into another taxable year.
HOW TO CLAIM THIS CREDIT
Complete this Purchase and Use Statement and have it notarized. Indicate the amount of credit claimed on the appropriate
line of your personal income tax return, corporate income and franchise tax return, or pass-through entity tax return. Submit
this statement with your return. When the credit ($300 for each business location) is split between spouses, partners, or
other business associates, each claimant must submit the claimant’s income tax return with a Purchase and Use Statement
for the portion of the credit claimed including information on the division of the total credit below. For assistance completing
this form, call: (505) 827-0792.
Division of the total credit. If the credit for the eligible business is divided among two or more individuals, complete
the following information for each eligible owner, partner, or associate below. Enter the name(s) of all business owner(s),
partner(s), or associate(s) eligible to claim the credit on this application. Attach a supplemental report if additional space is
needed. The total credit cannot exceed $300 per business location. See ABOUT THIS CREDIT for further instruction for
division of the total credit amount.
Name and address

Amount allowed $

Name and address

Amount allowed $

Name and address

Amount allowed $

Name and address

Amount allowed $

Name and address

Amount allowed $

Name and address

Amount allowed $

Total amount allowed for the eligible business described on the front of this form
(may not exceed $300 per location).

Total allowed $