Form RPD-41300 Services for Resale Tax Credit Claim Form

(Excluding Tax) Enter tax period as shown on the CRS 1 return multiply Column 4 by Name of business New Mexico CRS Identification Number signed by the buyer the buyer delivers to the seller Form RPD 41305 Declaration of Services Purchased For Resale completed and the buyer resells the service in the ordinary course of business the resale is not subject to the gross receipts tax or the governmental gross receipts tax and 1 Municipality / County 2 Location 3 Gross Receipts 4 Multiply Column 3 by 10% 5 If located within a municipality 6 If located within the remainder of a county A seller may claim a services for resale tax credit only if: A seller may not claim the credit for services to a governmental entity or to a person who is a prime contractor that oper ates a facility in New Mexico designated as a national laboratory by an act of congress Column 3: Enter only that portion of gross receipts from Column D of your CRS 1 report for the current report which is attributable to the receipts of sales of services for resale as described Do not include receipts from other sales Exclude from gross receipts reported in Column 3 any gross receipts tax governmental gross receipts tax and leased vehicle gross receipts tax Column 4: Multiply the amount reported in Column 3 by 10% Column 5: Enter the sum of Column 5 services for resale tax credit attributable to municipal business locations Column 5: If the business is located within a municipality multiply Column 4 by 0 03775 (3 775%) Column 6: Enter the sum of Column 6 services for resale tax credit attributable to county business locations Column 6: If the business is located within the remainder of a county multiply Column 4 by 0 05 (5%) Columns 1 and 2: Complete Columns 1 and 2 using the CRS 1 Instructions for Columns A Through H The Gross Receipts Tax Rate Schedule has the listing of counties municipalities and location codes for each Complete all information requested in the business name block The reported tax period must match the tax period shown on the CRS 1 return for which you are reporting the eligible sales Complete either Column 5 or Column 6 Complete Column 5 if the reported business location is within a municipality Com plete Column 6 if the reported business location is a county business located outside a municipality Compute the credit amount on the worksheet below and attach to the New Mexico CRS 1 Long Form Submit the CRS 1 Long Form this form and any payment on or before the due date of the return Mail to New Mexico Taxation and Revenue Department P O Box 25128 Santa Fe New Mexico 87504 25128 For assistance call (505) 827 0832 or your local district office Enter the sum of Line A Columns 5 and 6 Example: Company X sells a qualifying service for resale and obtains Form RPD 41305 Declaration of Services Purchased for Resale from the buyer X s CRS 1 Long Form indicates that the total gross receipts tax due from the sale is $1 000 and is reported on lines 1 4 and 7 The business is located in Santa Fe county outside the boundries of a municipality The ser vices for resale tax credit computes to $5 and the taxpayer is taking the credit against those sales The taxpayer submits a CRS 1 Long Form indicating that $1 000 is due The taxpayer attaches Form RPD 41300 Services for Resale Tax Credit indicating a $5 tax credit is claimed and includes a payment for the difference of $95 HOW TO CLAIM THIS CREDIT HOW TO COMPLETE THIS FORM I declare that I have examined this return including any accompanying schedules and statements and to the best of my knowledge and belief it is true correct and complete IMPORTANT: You must retain in your records the Form RPD 41305 Declaration of Services Purchased for Resale signed by the buyer as documentation acceptable on audit for this credit INSTRUCTIONS Line A Line B MM/DD/YY multiply Column 4 by 0 03775 Name and phone number of contact NOTE: The service must be resold and may not be consumed in the ordinary course of business Rev 02/2011 RPD 41300 SERVICES FOR RESALE TAX CREDIT Signature of taxpayer or agent State of New Mexico Taxation and Revenue Department Sum of Sale of Service for Resale Tax Credit attributable to the county or city location through Title To claim a services for resale tax credit you must file the full page version of the New Mexico Form CRS 1 Complete the CRS 1 Long Form and supplemental forms if any according to the instructions Do not reduce the tax liability on the CRS 1 Long Form to reflect the services for resale tax credit claimed Instead underpay the tax liability shown on the return by the amount of services for resale tax credit claimed Do not enter a negative number You may take this credit only if there is tax due for the current report period See the example below Total Sale of Service for Resale Tax Credit WHAT SERVICES QUALIFY WHO MUST FILE THIS FORM: Use this form to calculate the credit against gross receipts tax or governmental gross receipts tax for receipts from sales of services that are resold and not consumed and the resale is not subject to either tax This credit applies to receipts beginning after June 2005 Receipts from sales of sevices for resale when the receipts from the resale are subject to gross receipts tax or governmental gross receipts tax remain deductible under Section 7 9 48 NMSA 1978 and are reported as deductions on the CRS 1 return in Column E *See What Services Qualify in the instructions to this form