New Mexico Notice of Transfer of Sustainable Building Tax Credit

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.