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New Mexico Free Printable  for 2024 New Mexico Notice of Transfer of Sustainable Building Tax Credit

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Notice of Transfer of Sustainable Building Tax Credit
Form RPD-41342

RPD-41342 Rev. 04/11/2016 State of New Mexico - Taxation and Revenue Department Notice of Transfer of Sustainable Building Tax Credit Purpose of This Form. Form RPD-41342, Notice of Transfer of Sustainable Building Tax Credit, must be used to report to the Taxation and Revenue Department (TRD) a transfer of approved sustainable building tax credit. Before using this notice to report a transfer, the current holder must have a TRD-approved Form RPD-41327, Sustainable Building Tax Credit Approval, or a TRD-approved Form RPD-41342, Notice of Transfer of Sustainable Building Tax Credit. Form RPD-41342 may be used by a TRD-approved holder who sells, exchanges or transfers their credit to another taxpayer, or by a holder, other than the original building owner, who is a partnership or other business association passing the credit to its members, partners, shareholders, or beneficiaries. Both the holder and the new holder, or their authorized representatives must sign and date this notice. This signed notice must be mailed within 10 days of a sale, exchange, or other transfer to: New Mexico Taxation and Revenue Department, Edit Error, PO Box 5418, Santa Fe NM 87502-5418. For help, see RPD-41327 instructions for this credit or call (505) 827-0792. Sustainable building tax credit sold, exchanged, or transferred: Credit number of holder: First eligible tax year: Date of the transfer: Approved amount of sustainable building tax credit to be transferred: Transferred from: Name of holder SSN or FEIN Name of contact (if applicable) % Email address Phone number If the holder is a partnership or other business association passing credit to its owner(s), enter the new holders percentage of ownership interest. Under penalty of perjury I certify that I have examined this form and attachments, and to the best of my knowledge and belief it is true, correct, and complete. Signature of holder authorizing the transfer of the credit. Date Transferred to: SSN or FEIN Name of new holder Mailing address City, state, and ZIP code Under penalty of perjury I certify that I have examined this form and attachments, and to the best of my knowledge and belief it is true, correct, and complete. Signature of the holder to whom the credit is transferred. Date TO BE COMPLETED BY THE TAXATION AND REVENUE DEPARTMENT New credit number: First eligible tax year: Approved amount of sustainable building tax credit: Sustainable building tax credit is approved as submitted. Sustainable building tax credit is not approved. See the attached explanation. Sustainable building tax credit is approved, but the amount of the credit has been adjusted. See the attached explanation. Signature of Secretary or authorized delegate: __________________________ Name (please print):_____________________________________ Date: ____________________ Title: ______________________________ RPD-41342 Rev. 04/11/2016 INSTRUCTIONS FOR RPD-41342 NOTICE OF TRANSFER OF SUSTAINABLE BUILDING TAX CREDIT Form RPD-41342 may be used by: 1. a TRD-approved holder who sells, exchanges or transfers their credit to another taxpayer, or 2. a holder, other than the original building owner, who is a partnership or other business association passing the credit to its members, partners, shareholders, or beneficiaries (owners). The amount of the credit allowed to a holder who sells, exchanges or transfers their credit to another taxpayer, may not be split or divided between taxpayers. The total amount of credit allowed, as shown on the TRD-approved document provided to the holder, must either be claimed or otherwise transferred by the holder. The TRD-approved document will be either Form RPD-41327, Sustainable Building Tax Credit Approval, or a TRD-approved Form RPD-41342, Notice of Transfer of Sustainable Building Tax Credit, depending on the how the previous holder received TRD approval for the credit. RPD-41342, Notice of Transfer of Sustainable Building Tax Credit, depending on the how the previous holder received TRD-approval for the credit. Enter the date of the transfer and the amount of the tax credit transferred. Transferred from Complete this section to identify the owner or holder who transferred the approved sustainable building tax credit. Sign and date to authorize the transfer. If the holder is a partnership or other business association passing credit to its owner(s), enter the new holders percentage of ownership interest. Transferred to Complete this section to identify the new holder of the approved sustainable building tax credit. The new holder or his authorized representative must sign and date to receive the transfer. If, however, the holder is a partnership or other business association that passes the credit to its owner’s, each owner may claim a credit only in proportion to that owners interest in the partnership or other business association. The total credit claimed by all owners may not exceed the amount of the credit that could have been claimed by the holder. Two Signatures and ENMRD Certificate Both transferring parties must sign and date the form. You must also attach a copy of the holders approved Form RPD-41327, or Form RPD-41342. Mail transfer form and the holders TRD-approval documentation, to New Mexico Taxation and Revenue Department, Edit Error, P.O. Box 5418, Santa Fe, NM 87502-5418. Note: Once a credit is claimed by a holder or owner, the carryforward may not be further sold, exchanged or transferred. IMPORTANT: You must mail the notice to TRD within 10 days of a sale, exchange, or other transfer. An original building owner that is a partnership or other business association may pass TRD-approved credit to its owners, by completing Sections I and II of Form RPD-41327, Sustainable Building Tax Credit Approval, and submitting a Form RPD-41327 for each owner. COMPLETING THE NOTICE OF TRANSFER Follow these instructions to complete each section of RPD-41342, Notice of Transfer of Sustainable Building Tax Credit. For assistance completing this form, call (505) 827-0792. Sustainable building tax credit sold, exchanged, or transferred Enter the credit number and the first eligible tax year from the certificate of eligibility issued by the Energy, Minerals and Natural Resources Department (EMNRD). You can find the credit number and first eligible tax year on RPD41327, Sustainable Building Tax Credit Approval, or on New Sustainable Building Tax Credit If you have been approved for a new sustainable building tax credit you must use RPD-41384, Notice of Transfer of New Sustainable Building Tax Credit Approval, to transfer that credit. For tax years beginning on or after January 1, 2017, but ending on or before December 31, 2026, the new sustainable building tax credit is available for the construction in New Mexico of a sustainable building, the renovation of an existing building in New Mexico into a sustainable building, or for the permanent installation of manufactured housing in New Mexico, regardless of where the housing is manufactured, that is a sustainable building. See Form RPD-41382, New Sustainable Building Tax Credit Approval, for more details.
Extracted from PDF file 2023-new-mexico-form-rpd-41342.pdf, last modified April 2016

More about the New Mexico Form RPD-41342 Other Tax Credit TY 2023

We last updated the Notice of Transfer of Sustainable Building Tax Credit in February 2024, so this is the latest version of Form RPD-41342, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form RPD-41342 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-41342 from the Taxation and Revenue Department in February 2024.

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Form RPD-41342 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-41342

We have a total of thirteen past-year versions of Form RPD-41342 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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