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New Mexico Job Mentorship Tax Credit Certificate Request Form
Extracted from PDF file 2023-new-mexico-form-rpd-41279.pdf, last modified August 2015Job Mentorship Tax Credit Certificate Request Form
RPD-41279 Rev. 08/17/2015 STATE OF NEW MEXICO - TAXATION AND REVENUE DEPARTMENT Job Mentorship Tax Credit Certificate Request Form Purpose of this form. An accredited New Mexico secondary school sponsoring a school-sanctioned career preparation education program may use this form to request Job Mentorship Tax Credit Certificates (Form RPD-41281) from the Department. The principal of an eligible school must submit a completed Form RPD-41279 to a local district tax office to obtain the certificates. The Department may issue a maximum number of certificates equal to the number of qualified students in the school-sanctioned career preparation education program on October 15 of that school year, as certified by the school principal. See the definitions below. For assistance call (505) 827-0792. Name of New Mexico accredited secondary school Mailing address City, state and ZIP code Contact name Telephone number E-mail address Definitions Career Preparation Education Program means a work-based learning or school-to-career program designed for secondary school students to create academic and career goals and objectives and find employment in a job meeting those goals and objectives. Qualified Student means an individual who is at least 14 years old but not more than 21 years old who is attending an accredited New Mexico secondary school full time and who is a participant in a career preparation education program sanctioned by the secondary school. The principal of the New Mexico accredited school must complete this form. 1. Enter the beginning and ending dates of the school year for which Job Mentorship Tax Credit certificates are requested. A separate request form must be submitted for each school year. From through 2. Enter the number of certificates requested. The number of certificates requested in a school year by a qualifying school cannot exceed the number of qualified students participating in the school-sanctioned career preparation education program on October 15 of the applicable school year. 3. Certifications. (You must check the applicable boxes) I certify that the school named above: is an accredited New Mexico secondary school, participates in a school-sanctioned career preparation education program, and that the number of certificates requested does not exceed the number of qualified students participating in the career preparation education program sanctioned by this school on October 15th of the school year indicated above. Signature of the school principal Date RPD-41279 Rev. 08/17/2015 State of New Mexico - Taxation & Revenue Department Job Mentorship Tax Credit Certificate Instructions ABOUT THIS CREDIT To encourage New Mexico businesses to hire youth participating in career preparation education programs, a New Mexico business may claim a credit equal to fifty percent of gross wages paid to qualified students who are employed by the business during the taxable year. See Important Definitions below. For assistance completing this form, call (505) 827-0792. The following restrictions apply: • The credit cannot be allowed for more than 10 qualified students by a business in a taxable year, • The credit cannot be allowed for more than 50% of gross wages paid on the first 320 hours of employment for each qualified student, • A credit for a qualified student cannot be allowed for more than three taxable years, and • No taxpayer may claim a credit in excess of $12,000 in any taxable year. Important Definitions Career Preparation Education Program means a work-based learning or school-to-career program designed for secondary school students to create academic and career goals and objectives and find employment in a job meeting those goals and objectives. New Mexico business means a corporation, a partnership, limited partnership, limited liability company treated as a partnership for federal income tax purposes, S corporation or sole proprietorship that carries on a trade or business in New Mexico and employs in New Mexico fewer than 300 full-time employees at any one time during the tax year. Qualified Student means an individual who is at least 14 years old, but not more than 21 years old, who is attending an accredited New Mexico secondary school full-time and who is a participant in a career preparation education program sanctioned by the secondary school. HOW TO OBTAIN CERTIFICATES AND CLAIM THE CREDIT The Taxation and Revenue Department issues certificates to a school according to the number of qualified students in the program on October 15 of that school year. To obtain the certificates, the school principal completes and submits Form RPD-41279, New Mexico Job Mentorship Tax Credit Certificate Request Form, to a local district tax office. See the local district office information included with these instructions. The Job Mentorship Tax Credit Certificate (Form RPD-41280) is executed by the school principal and transferred to a New Mexico business (employer) participating in the school-sanctioned career preparation education program sponsored by the school. A certificate specifies the qualified student and the school year to which the certificate applies. A certificate cannot be transferred to another business, another school year or another qualified student. To claim the credit, the employer must complete Form RPD-41281, Job Mentorship Tax Credit Claim Form, and the accompanying Detail Report, and attach it to the personal or corporate income tax return for the tax year in which the qualified student was employed. Attach Schedule A to RPD-41281, Job Mentorship Tax Credit Claim Form, if you have unused job mentorship tax credit available for carry forward from prior years, or your total available credit can be claimed by one or more owners, partners or associates. Married individuals who file separate returns for a tax year in which they could have filed a joint return may each claim only one-half of the credit that would have been allowed on a joint return. A taxpayer who qualifies for and claims a job mentorship tax credit for employment of qualified students by a partnership, limited partnership, limited liability company, S corporation or other business association of which the taxpayer is a member may claim a credit only in proportion to his interest. The total credit claimed by all members of the business shall not exceed the maximum credit allowable of $12,000 in any tax year. Also attach a copy of an executed Form RPD-41280, Job Mentorship Tax Credit Certificate, for each qualified student employed during the tax year of the claim. The job mentorship tax credit may only be deducted from the taxpayer’s New Mexico income tax liability for the tax year. Any unused portion of the credit allowed may be carried forward for three consecutive tax years, under certain conditions. Form RPD-41279, New Mexico Job Mentorship Tax Credit Certificate Request Form, and Form RPD-41281, Job Mentorship Tax Credit Claim Form, can be found on the Department’s web site, www.tax.newmexico.gov. Click on “Forms and Publications”, then click “Tax Credits”, and click on Job Mentorship.
Form RPD-41279
More about the New Mexico Form RPD-41279 Other Tax Credit TY 2023
We last updated the Job Mentorship Tax Credit Certificate Request Form in February 2024, so this is the latest version of Form RPD-41279, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RPD-41279 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 |
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-41279 from the Taxation and Revenue Department in February 2024.
Form RPD-41279 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-41279
We have a total of thirteen past-year versions of Form RPD-41279 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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