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New Mexico Free Printable  for 2024 New Mexico Income Tax Credit for Electronic Identification Card Reader

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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 $
Extracted from PDF file 2023-new-mexico-form-rpd-41246.pdf, last modified July 2015

More about the New Mexico Form RPD-41246 Other Tax Credit TY 2023

We last updated the Income Tax Credit for Electronic Identification Card Reader in February 2024, so this is the latest version of Form RPD-41246, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RPD-41246 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-41246 from the Taxation and Revenue Department in February 2024.

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Form RPD-41246 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-41246

We have a total of thirteen past-year versions of Form RPD-41246 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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