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Form RPD-41321 Biodiesel Blending Facility Tax Credit Claim Form
Biodiesel blending equipment means equipment necessary for the process of blending biodiesel with diesel fuel to Biodiesel means renewable biodegradable monoalkyl ester combustible liquid fuel that is derived from agricultural plant Blended biodiesel fuel means a diesel fuel that contains at least 2% biodiesel Diesel fuel means any diesel engine fuel used for the generation of power to propel a motor vehicle (a) Credit number (b) Amount of credit approved (c) Total credit applied to previous reports (d) Unused credit available for carry forward [(b) (c)] (a) Credit number Enter the credit number for each biodiesel blending facility tax credit approved by TRD If additional (d) Unused credit available for carry forward Subtract column (c) from column (b) ability of the facility within the first 365 days after the issuance of the certificate of eligibility from the Energy Minerals Natural ABOUT THIS CREDIT: A rack operator as defined in the Special Fuels Supplier Tax Act (see Important Definitions below) Amount of credit approved For each tax credit listed in column (a) enter the amount of credit approved approved EMNRD will issue a dated certificate of eligibility containing an estimate of the amount of the biodiesel blending B100 blend stock for distillate fuels BIODIESEL BLENDING FACILITY TAX CREDIT CLAIM FORM BIODIESEL BLENDING FACILITY TAX CREDIT CLAIM FORM INSTRUCTIONS Biodiesel Blending Facility Tax Credit Claim Form with the CRS 1 Long Form for the report period to which you wish to apply credit may be carried forward for four years from the date of the certificate of eligibility credit may be carried forward for four years from the date of the certificate of eligibility issued by EMNRD Department (EMNRD) to apply for this credit The credit is equal to 30% of the purchase cost of the equipment plus 30% enter the sum of all amounts in column (d) from all pages facility tax credit for which the taxpayer is eligible facility tax credits facility The credit may only be applied against the taxpayer s gross receipts tax liability or compensating tax liability If the credit exceeds the taxpayer s gross receipts and compensating tax liability in the reporting period for which it is granted the facility within the first 365 days after the issuance of a certificate of eligibility from EMNRD the taxpayer must notify TRD that form obtaining Taxation and Revenue Department (TRD) approval or claiming the credit call (505) 476 3683 HOW TO APPLY FOR THIS CREDIT: Once you have been issued a dated certificate of eligibility containing an estimate IMPORTANT DEFINITIONS Rack operator means the operator of a refinery in this state any person who blends special fuel in this state or the owner Instructions for worksheet to compute the total unused credit available Line 1 Total credit available Enter the sum of all amounts in column (d) on line 1 If supplemental pages are attached Line 1 TOTAL credit available Enter the sum of column (d) If supple mental pages are attached enter the sum of column (d) from all pages 1 Line 2 Unused credit applied Enter the portion of total credit avail able to be applied to the attached New Mexico CRS 1 Long Form Do not enter more than the amount of gross receipts and compensating tax due on 2 Line 2 Unused credit applied Enter the portion of unused credit available for carry forward to be applied against the at Line instructions Mail to the Taxation and Revenue Department Special Fuels Tax P O Box 25123 Santa Fe New Mexico 87504 25123 MM/DD/YYMM/DD/YY through Enter the report period as shown on the attached CRS 1 Long Form Name and phone number of contact person Name of business New Mexico CRS identification number of eligibility from EMNRD is more than four years older than the date of this request or if the credit was not approved by TRD of eligibility received from EMNRD of eligibility See Recapture May be Required in the instructions if the facility does not complete at least 180 days of avail of special fuel stored at a pipeline terminal in this state of the amount of the biodiesel blending facility tax credit for which the taxpayer is eligible from EMNRD and have received from TRD Form RPD 41339 Biodiesel Blending Facility Tax Credit Approval Request Form approving the biodiesel blending facility tax credit you may apply the credit to gross receipts and compensating tax due Use Form RPD 41321 Biodiesel Blending Facility Tax Credit Claim Form Complete the name and address block of the eligible rack operator Complete the worksheet to compute the total unused credit available (see instructions) Submit this completed Form RPD 41321 along with a CRS 1 Long Form for the report period to which you wish to apply the credit Unused biodiesel blending facility tax of the cost of installing that equipment The credit cannot exceed $50 000 with respect to equipment installed at any one oils or animal fats and that meets American society for testing and materials D 6751 standard specification for biodiesel operator must be registered with New Mexico Taxation and Revenue Department (TRD) and filing Form RPD 41307 Rack Operator Report The rack operator must obtain a dated certificate of eligibility from Energy Minerals and Natural Resources or compensating tax liability and assess the taxpayer for the tax owed The taxpayer must pay the assessment within 425 days of the date of issuance of the certificate of eligibility The taxpayer may still qualify for subsequent biodiesel blending produce blended biodiesel fuel RECAPTURE MAY BE REQUIRED: If a rack operator who has claimed biodiesel blending facility tax credit against gross receipts tax or compensating tax due ceases biodiesel blending without completing at least 180 days of availability of the Resources Department (EMNRD) When applying credits use only the CRS 1 Long Form For assistance completing this Rev 02/2011 RPD 41321 RPD 41321 State of New Mexico Taxation and Revenue Department space is needed attach a schedule on a separate page in the same format Do not enter a credit if the date of the certificate State of New Mexico Taxation and Revenue Department tached CRS 1 Long Form Note: Apply older credits first the credit Unused biodiesel blending facility tax credit may be carried forward for four years from the date of the certificate the return the taxpayer may begin to claim the credit TRD may not approve biodiesel blending facility tax credits if the total cumulative amount of claims for the credit for all taxpayers for the calendar year exceeds $1 000 000 Requests for credit approval that exceed the maximum allowed in a calendar year may be considered for approval in the next calendar year they are no longer eligible for the approved credit and that the liabilities for the reports to which the credit had been applied are now due TRD will extinguish any amount of the approved credit not applied against the taxpayer s gross receipts tax To apply approved biodiesel blending facility tax credit to gross receipts or compensating tax due submit Form RPD 41321 To qualify for the credit a taxpayer must first apply to EMNRD who shall determine if the equipment for which the tax credit Total credit applied to previous reports For each credit amount listed in column (b) enter the total amount of credit previously applied to gross receipts or compensating tax liabilities Unused biodiesel blending facility tax credits may only be carried forward for four years following the date of the certificate Upon receipt of the certificate of eligibility the taxpayer submits a completed Form RPD 41339 Biodiesel Blending Facility Tax Approval Request Form and the certificate of eligibility received from EMNRD to TRD After TRD approves the credit When applying credits use only the CRS 1 Long Form who installs biodiesel blending equipment owned by the rack operator for the purpose of establishing or expanding a facil ity to produce blended biodiesel fuel is eligible to claim a credit against gross receipts tax or compensating tax The rack will be claimed meets the requirements and if purchase and installation costs reported by the taxpayer are legitimate If Worksheet to compute the total unused credit available