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New Mexico Free Printable  for 2024 New Mexico Land Conservation Incentives Credit Claim Form

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Land Conservation Incentives Credit Claim Form
Form RPD-41282

RPD-41282 Rev. 07/06/2016 State of New Mexico - Taxation and Revenue Department Land Conservation Incentives Tax Credit Claim Form Purpose of Form. Form RPD-41282, Land Conservation Incentives Tax Credit Claim Form, is used by a taxpayer whose land or interest in land has been certified as eligible for treatment as a qualified donation by the Secretary of Energy, Minerals and Natural Resources and who has been granted land conservation incentives tax credit by the New Mexico Taxation and Revenue Department (TRD). This form can also be used by a taxpayer who has received the land conservation incentives tax credit as the result of a transfer through a qualified intermediary, and the transfer has been recorded with TRD. The taxpayer or holder of the credit may use this form to claim the credit against personal, corporate or fiduciary income tax liability. To claim the credit, the taxpayer must attach a completed Form RPD-41282, Land Conservation Incentives Tax Credit Claim Form, to a PIT-1, CIT-1, S-Corp, or FID return. Mail the tax return and the claim form to the address on the tax return. For assistance completing this form, call (505) 8270792. Social security number (SSN) or federal employer identification number (FEIN) of holder Name of holder Mark one: Mailing address Name of contact FEIN SSN City, state and ZIP code E-mail address Phone number Total Credit To Be Applied 1. Enter the beginning and ending date of the tax year of this claim. Tax years beginning prior to January 1, 2006 are NOT eligible. From to 2. 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 personal, fiduciary or corporate income tax return. Do not enter more than the amount of Net New Mexico income tax due. In a tax year the credit used may not exceed the amount of income tax otherwise due. Also attach a completed Schedule CR for the applicable tax return. 4. If you claimed a charitable deduction on the federal personal income tax return for the contribution of land for which credit is claimed, enter the amount of the charitable deduction claimed on federal Form 1040, Schedule A, here. See the instructions. 2. $ 3. $ 4. Enter the credit amount claimed on the applicable line of the New Mexico income tax return--PIT-1, CIT-1, S-Corp, or FID. The Land Conservation Incentives Tax Credit may be deducted only from the claimant’s New Mexico personal or corporate income tax liability. See the instructions for Form RPD-41282, posted on the web as a separate document. NOTE: Failure to attach this form and other required attachments to your New Mexico income 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-41282 Rev. 07/06/2016 State of New Mexico - Taxation and Revenue Department Land Conservation Incentives Tax Credit Claim Form Schedule A Once the credit application is approved, complete and attach Form RPD-41317, Land conservation incentives Tax Credit Claim Form, including Schedule A, to your New Mexico income tax return along with the applicable tax credit Schedule PITCR, CIT-CR, S-Corp-CR or FID-CR. (a) Credit number (b) Date of qualified donation (c) Amount of credit approved (d) Credit claimed in previous tax years or transferred (e) Unused credit [(c) - (d)] TOTAL credit available Enter the sum of column (f) here and on line 3 of Form RPD-41282, page 1. (f) Applied to the attached return RPD-41282 Rev. 07/06/2016 State of New Mexico - Taxation and Revenue Department Land Conservation Incentives Tax Credit Claim Form Schedule A Instructions For each land conservation incentives tax credit approved or transfered to you, complete a row in Schedule A. Do not include credits approved in a tax year that is more than twenty years prior to the tax year for which this claim is filed. Unused land conservation incentives tax credits may not be carried forward for more than twenty years following the date of the qualified donation. Do not include credits which have been claimed in full in prior tax years.. COLUMN INSTRUCTIONS (a) Credit number. Enter the credit number assigned by the Taxation and Revenue Department on Form RPD-41335, Land Conservation Incentives Credit Application. If the credit was transferred, enter the new credit number from Form RPD-41336, Notice of Transfer of Land Conservation Incentives Tax Credit. (b) Date of qualified donation. Enter the date of the qualified donation for which the land conservation incentives tax credit has been certified as eligible. Enter this date as shown on Form RPD-41335, or if transferred from RPD-41336. (c) Amount of credit approved. For each credit, enter the amount of credit approved as indicated on Form RPD-41335, or if transferred, the amount transferred from Form RPD-41336. (d) Credit claimed in previous tax years or transferred. For each credit, enter the total amount of credit claimed in all tax years prior to the current tax year. If part of the credit was transferred, add the amount of credit transferred to another taxpayer, together with 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 income tax return. When calculating the amount in column (f), apply the following rules: • Applying credits: Apply land conservation tax credits in the order that they were approved. If you have both a carryforward credit and new credit derived from a qualified donation during the current tax year, apply the oldest credit against the income tax liability first. • 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 income tax claimed on the New Mexico income tax return. That amount is the net New Mexico income tax calculated before applying any tax credits claimed. Also see the instructions for Form RPD-41282, posted on the web as a separate document.
Extracted from PDF file 2023-new-mexico-form-rpd-41282.pdf, last modified July 2016

More about the New Mexico Form RPD-41282 Other Tax Credit TY 2023

We last updated the Land Conservation Incentives Credit Claim Form in February 2024, so this is the latest version of Form RPD-41282, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RPD-41282 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-41282 from the Taxation and Revenue Department in February 2024.

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Form RPD-41282 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-41282

We have a total of twelve past-year versions of Form RPD-41282 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:



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