Form RPD-41334 Advanced Energy Tax Credit Claim Form

Sch A Sch B (a) Approval number for unused credit (b) Amount of credit approved (c) Total credit claimed in previous report periods (d) Unused credit available for carry forward [(b) (c)] (a) Approval number for unused credit Enter the approval number for each advanced energy tax credit approved (d) Unused credit available for carry forward from previous years Subtract column (c) from column (b) Enter the sum of all amounts in column (d) on line 3 of the current year claim form RPD 41334 Advanced Energy Tax Credit Claim Form 1 Enter the beginning and ending date of the report period to which you wish From to 2 Approval number 2 Enter the approval number and the amount of advanced energy tax credit 5 Enter the portion of total credit available (from line 4) claimed on your current New Mexico return to which you wish to apply the credit The credit used may not exceed the tax liability otherwise due less any local option gross receipts tax Also attach a completed Schedule CR for the applicable tax return ADVANCED ENERGY TAX CREDIT CLAIM FORM ADVANCED ENERGY TAX CREDIT CLAIM FORM Schedule A ADVANCED ENERGY TAX CREDIT CLAIM FORM Schedule B Advanced Energy Tax Credit Claim Form to claim the tax credit against personal or corporate income due or gross receipts advanced energy tax credits can then be carried forward for up to ten years and can be applied to any combination of personal or corporate income tax gross receipts tax com pensating tax or withholding tax due the claimant allowed during the current report period as approved by the New Mexico Amount of credit approved For each approval number listed in column (a) enter the total amount of credit ap proved for the taxpayer or claimant Apply credit approved during the current report period prior to applying unused credit from carry forwards to the tax liability applying to obtain approval to claim the advanced energy tax credit (advanced energy income tax credit advanced energy corporate income tax credit and the advanced energy com Approval number Amount of advanced energy tax credit allowed approved at 3 775% of the gross receipts if the taxpayer s business is located in a municipality and 5% of the gross receipts if attached to the application along with information required to determine the amount of allowable advanced energy tax credits The application must be submitted within one year following the end of the calendar year in which the eligible generation plant costs are incurred TRD will issue an ap bined reporting tax credit) NMED determines if the facility is a qualified generating facility and issues a certificate within 180 bon dioxide emissions to the extent required by January 1 2017 or 18 months after the commercial operation date of the qualified generating facility the taxpayer s certification as a qualified generating facility shall be revoked by NMED and Calculate the total unused credit available for carry forward from prior report periods on Schedule A and enter here Include a copy of Schedule A with this form claimed against the current return on Schedule CIT CR or S Corp CR Do not claim more credit than the corporate Complete and attach Schedule B with Form RPD 41334 Advanced Energy Tax Credit Claim Form if you have more than one application approved during the tax year of this claim Corp return will result in denial of the request to claim the credit CRS 1 return you must file the full page version of the New Mexico CRS 1 Form Complete the CRS 1 Long Form and days after receiving all information necessary to determine Department that the taxpayer made every effort to sequester or control carbon dioxide emissions to the extent feasible and the facility s inability to meet the sequestration requirements determined by NMED shall be paid within 180 days following a final order by NMED Do not reduce the tax liability on the CRS 1 Long Form to reflect the advanced energy tax credit claimed Instead un derpay the tax liability shown on the return by the amount due shown on the CRS 1 Long Form for the current report eligibility Fees imposed by NMED will apply but may not exceed $150 000 For assistance in obtaining a certificate of eligibility and applicable fees call (505) 476 4334 Enter the sum of lines 2 and 3 This is the total credit available in the current exceeds the balance of the new credits then you may apply unused credits available from tax credits eligible to be carried facility and the taxpayer does not sequester or control car FEIN or SSN of claimant NM CRS identification number First apply new credits approved during the current report period to the tax liability due on the return If the tax liability For each advanced energy tax credit allowed attach the NMED certificate of eligibility and the amount of credit allowed For each approved advanced energy tax credit enter the approval number and the amount of advanced energy tax credit allowed as certified by NMED during the tax year of this claim Enter the sum of all amounts in the TOTAL box below and on line 2 of Form RPD 41334 Form RPD 41334 Advanced Energy Tax Credit Claim Form Forms CIT 1 or S Corp attach a completed Form RPD 41334 Advanced Energy Tax Credit Claim Form to Form CIT 1 New Mexico Corporate Income and Franchise Tax Return or to Form S Corp New Mexico Sub Chapter S Corporate Income Tax Return Enter the amount of credit forward from Schedule A Unused tax credit may be carried forward for a maximum of 10 consecutive tax years following the tax year in which the credit was approved When applying tax credits available for carry forward apply the oldest credit first HOW TO APPLY FOR THIS CREDIT: A qualified generating facility or an interest owner on behalf of the qualified gen erating facility must apply for a certificate of eligibility from the New Mexico Environment Department (NMED) before HOW TO CLAIM THIS CREDIT: To claim approved ad vanced energy tax credits you must attach a completed If the new credit is less than the tax due apply unused credits from carry forwards using the oldest credit first in a previous report period Attach a separate schedule if additional space is needed Do not include a tax credit Include Schedule A with Form RPD 41334 Advanced Energy Tax Credit Claim Form if you have unused advanced energy tax credit available for carry forward from previous report periods income tax due on Form CIT 1 or more than the corporate income tax due on Form S Corp The credit cannot be ap plied against any franchise tax due INSTRUCTIONS its determination shall consider the environmental perfor mance of the facility and the extent to which the inability to meet the sequestration requirements of a qualified generat ing facility was in the control of the taxpayer The refund as joint return may each claim only one half of the advanced energy income tax credit that would have been allowed on a joint return Mail the return and the claim form RPD 41334 to the ad dress on the Form CRS 1 CIT 1 S Corp or FID 1 to which you wish to apply the credit For assistance call (505) 476 3683 may not exceed the tax liability due on the return Excess ment (TRD) for approval The certificate of eligibility must be more than one application is approved during the current tax period complete Name of taxpayer (Claimant) NOTE: Failure to submit this form and other required attachments with your New Mexico CRS 1 PIT 1 FID 1 CIT 1 or S of a qualified generating facility was beyond the facility s control NMED shall determine after a public hearing the amount of the tax credit that should be refunded NMED in of advanced energy tax credits allowed of credit claimed on all reports prior to the current report period of tax credit claimed and attach a completed Form RPD 41334 Advanced Energy Tax Credit Claim Form Do not enter a negative number or claim more credit than the tax Once NMED issues a certificate the claimant may submit a completed Form RPD 41333 Advanced Energy Tax Credit Application to the New Mexico Taxation and Revenue Depart or approved interest owners may use this form to claim the credit against tax due See the instructions for details If the credit amount exceeds the taxpayer s liability the excess can be carried forward for up to ten years period When computing the amount of advanced energy combined reporting tax credit that may be claimed against the gross receipts reported on a return compute the credit proval for the credit and the claimant may then use Form RPD 41334 Advanced Energy Tax Credit Claim Form to claim the credit against personal or corporate income taxes and gross receipts compensating and withholding tax due to the State of New Mexico Purpose of Form A taxpayer (claimant) that holds an advanced energy tax credit certified by the New Mexico Environment Department (NMED) and approved by the New Mexico Taxation and Revenue Department (TRD) may use Form RPD 41334 RECAPTURE: If NMED issues a certificate of eligibility to a taxpayer stating that the facility is a qualified generating report period Schedule B and attach to this form From Schedule B enter the total amount Signature of taxpayer Date State of New Mexico Taxation & Revenue Department State of New Mexico Taxation and Revenue Department State of New Mexico Taxation and Revenue Department supplemental forms if any according to the instructions tax compensating tax and withholding tax due to the State of New Mexico Once approved the qualified generating facility Taxation and Revenue Department Attach NMED s certificate of eligibility If that was approved more than 6 years prior to the date of this claim form Unused advanced energy tax credits may not be carried forward for more than 5 consecutive tax years following the tax year in which the credit was originally the taxpayer demonstrates to the New Mexico Environment the taxpayer s business location is anywhere else within or outside New Mexico the taxpayer shall refund to the state tax credits granted If to apply approved advanced energy tax credit To claim approved advanced energy tax credit against To claim approved advanced energy tax credit against Form PIT 1 attach a completed Form RPD 41334 Advanced En ergy Tax Credit Claim Form to Form PIT 1 New Mexico Personal Income Tax Return or to Form FID 1 New Mexico Fiduciary Income Tax Return Enter the amount of credit claimed against the current return on Schedule PIT CR or FID CR Do not claim more credit than the tax due shown on Form PIT 1 or FID 1 A husband and wife who file sepa rate returns for a tax year in which they could have filed a To claim approved advanced energy tax credit against the To claim the credit attach a completed Form RPD 41334 Advanced Energy Tax Credit Claim Form to the CRS 1 PIT 1 CIT 1 FID 1 or S Corp return to which you wish to apply the credit on or before the due date of the return Mail the return and the claim form to the address on the return For assistance call (505) 476 3683 to the return to which you wish to apply the credit The credit TOTAL carry forward availableEnter the sum of column (d) on line 3 on the first page of this form Total credit claimed in previous report periods For each credit amount listed in column (b) enter the total amount TOTAL credits allowed Enter the sum on line 2 on the first page of this form $ Under penalty of perjury I declare that I have examined this claim and to the best of my knowledge and belief it is true correct and complete Worksheet to calculate the total unused credit available for carry forward from previous report periods