Form RPD-41331 Alternative Energy Product Manufacturers Tax Credit Claim Form

$1 million or a portion of that amount of qualified expenditures claimed by the taxpayer in a tax year in the same $500 000 or a portion of that amount of qualified expenditures claimed by the taxpayer in a tax year in the same (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 alternative energy product manufacturers tax credit approved by the Taxation and Revenue Department If additional space is needed attach a schedule on a separate page in the same format (d) Unused credit available for carry forward Subtract column (c) from column (b) ABOUT THIS CREDIT: A new tax credit is created for up to 5% of qualified expenditures for manufacturing equipment used ALTERNATIVE ENERGY PRODUCT MANUFACTURERS TAX CREDIT Amount of credit approved For each tax credit listed in column (a) enter the amount of credit approved and any other tax collected at the same time and in the same manner as the gross receipts tax less any local option gross receipts tax due (5 125% of taxable gross receipts) less any credit other than the alternative energy product manufacturers tax credit A pass through entity (PTE) who has been approved for the credit may pass the credit to its owners members or partners by submitting Form RPD 41364 Notice of Distribution of Alternative Energy Product Manufacturers Tax Credit to application over $30 million application up to a value of $30 million and approved use this form to claim the credit against modified combined tax liability attached CRS 1 E911 or TRS Form Note: Apply older credits first cessation of operations the taxpayer must pay the modified income tax liability against which approved credit was taken CLAIM FORM Complete the name and address block of the eligible manufacturer Complete the worksheet to compute the total unused credit available (see instructions) Submit a completed Form RPD 41331 along with a CRS 1 E911 or TRS form for the report period to which you wish to apply the credit Any alternative energy product manufacturers tax credit that remains unused at the end of the calendar year in which the taxpayer is approved for the credit may be carried forward for 5 years When completing the CRS 1 E911 and TRS forms do not reduce the amount due on the report form by the amount of the credit; instead underpay the tax due on the return and attach the credit claim form to the return Do not enter a credit if the date of the approval is more than five years from the end of the calendar year in which the credit was originally approved Unused alternative energy product manufacturers tax credits may only be carried forward for five enter the sum of all amounts in column (d) from all pages following the end of the calendar year in which the qualified expenditure is made For assistance call (505) 476 3683 For purposes of a recapture of this credit having ceased operations does not include reasonable periods for maintenance or retooling for the repair or replacement of facilities damaged or destroyed or during labor disputes HOW TO CLAIM THE CREDIT: Once you have been issued approval the credit may be applied against the manufacturers in a manufacturing operation that produces alternative energy products To be eligible to claim a credit the taxpayer must employ personnel to perform production tasks in conjunction with manufacturing equipment not previously existing at the site Additionally the manufacturer must employ at least one new full time employee in addition to the number of full time employees employed one year prior to the day on which the taxpayer applies for the credit for every: INSTRUCTIONS FOR USING THIS FORM: When claiming the alternative energy product manufacturers tax credit this claim form must accompany the CRS 1 E911 or TRS return to which the taxpayer wishes to apply the credit Attach a completed Form RPD 41331 Alternative Energy Product Manufacturers Tax Credit Claim Form to the tax return to which you wish to apply the credit and mail to the address on the tax return along with the applicable attachments and payments Any portion of the alternative energy product manufacturers tax credit that remains unused at the end of the taxpayer's reporting period may be carried forward for 5 years Instructions for worksheet to compute the total unused credit available liability 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 tax return Do not enter more than the amount of tax due on the return 2 Line 2 Unused credit applied Enter the portion of unused credit available for carry forward to be applied against the Line instructions MM/DD/YY through Enter the report period of the attached return MM/DD/YY Name and phone number of contact person modified combined tax liability which includes gross receipts tax compensating tax withholding tax E911 and TRS liabilities Name of business SSN or FEIN New Mexico CRS identification number Page 2 previously applied to modified combined tax liabilities RECAPTURE MAY BE REQUIRED: If the taxpayer or successor in the business of the taxpayer ceases operations at a facility in New Mexico for at least 180 consecutive days within a two year period after the taxpayer has claimed an alternative energy product manufacturers tax credit the Department may not grant additional credit with respect to that facility Amounts of credit approved but not yet claimed will be extinguished and within 30 days after the one hundred eightieth (180) day of State of New Mexico Taxation and Revenue Department the Department reporting the transfer The owner member or partner can then apply the credit against its modified combined Total credit applied to previous reports For each credit amount listed in column (b) enter the total amount of credit Use Form RPD 41330 Application for Alternative Energy Product Manufacturers Tax Credit to apply for the credit Once Worksheet to compute the total unused credit available years following the date the credit was approved You must apply for the alternative energy product manufacturers tax credit on or before the last day of the year