Form RPD-41346 Geothermal Ground-Coupled Heat Pump Tax Credit Claim Form

Project number Amount of geothermal ground coupled heat pump tax credit allowed Sch A Sch B (a) Tax year of previously approved credit (b) Amount of credit approved (c) Total credit claimed in previous tax years (d) Unused credit available for carry forward [(b) (c)] (a) Tax year of previously approved credit Enter the tax year for each geothermal ground coupled heat pump tax credit approved in a previous tax year Attach a separate schedule if additional space is needed Enter the four digit tax year if the credit was allowed in a tax year that was a full calendar year For fiscal and short tax years enter the beginning and ending dates of the tax year For example enter 2011 if the tax year is a calendar year or enter 07/01/2011 to 06/30/2012 if the tax year is a fiscal year For tax years beginning after December 31 2020 do not include credits approved in a tax year that (b) Amount of credit approved For each tax year listed in column (a) enter the total amount of credit approved for the (c) Total credit claimed in previous tax years For each credit amount listed in column (b) enter the total amount of credit (d) Unused credit available for carry forward from prior 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 41317 1 Enter the beginning and ending date of the tax year of this claim A taxpayer who has both carry forward credit and new credit derived from a certified geothermal ground coupled heat pump during the current tax year must first apply the carry forward credit against the income tax liability The new credit is applied business or agricultural enterprise in New Mexico owned by that taxpayer or owned by a partnership or other business asso ciation of which the taxpayer is a member To claim the credit the taxpayer must attach to the personal corporate or fiduciary income tax return a completed RPD 41346 and a copy of a letter from EMNRD certifying the geothermal ground coupled heat pump and approving the taxpayer for the credit The credit which may not exceed $9 000 is available for up to 30% of Calculate the total unused credit available for carry forward from prior years from Schedule A and enter here Include a copy of Schedule A which is on the second page of this form claimed in all tax years prior to the current tax year Complete and attach Schedule A to Form RPD 41346 Geothermal Ground Coupled Heat Pump Income Tax Claim Form if you have unused geothermal ground coupled heat pump tax credit available for carry forward from prior years Complete and attach Schedule B to Form RPD 41346 Geothermal Ground Coupled Heat Pump Income Tax Claim Form if you have more than one project approved during the tax year of this claim Enter the credit claimed on the applicable line of the New Mexico income tax return Form PIT 1 CIT 1 S Corp or FID 1 The Enter the portion of total credit available (from line 4) claimed on your current New Mexico personal corporate or fiduciary income tax return Do not enter more than the amount of personal corporate or fiduciary income tax due In a tax year the credit used may not exceed the amount of personal corporate or fiduciary income tax otherwise due Also attach a completed Schedule CR for the applicable tax return Enter the project number and the amount of geothermal ground coupled heat pump tax credit allowed as certified by EMNRD during the tax year of this claim Attach the EMNRD letter certifying the geothermal ground coupled heat pump and the amount of credit allowed If more than one project is approved in a tax year enter the sum of all credits and attach Schedule B Enter the sum of lines 2 and 3 This is the total credit available in the current tax year For each approved project in a tax year enter the project number and the amount of geothermal ground coupled heat pump For each geothermal ground coupled heat pump tax credit allowed attach the EMNRD letter certifying the geothermal GEOTHERMAL GROUND COUPLED HEAT PUMP TAX CREDIT CLAIM FORM GEOTHERMAL GROUND COUPLED HEAT PUMP TAX CREDIT CLAIM FORM Schedule A geothermal ground coupled heat pump tax credit may be deducted only from the taxpayer s New Mexico personal corporate ground coupled heat pump tax and the amount of credit allowed if the amount of tax liability exceeds the carry forward credit amount is more than ten years prior to the current tax year Unused geothermal ground coupled heat pump tax credits may not be carried forward for more than ten consecutive tax years following the tax year for which the credit was originally approved Mailing address City state and ZIP code Name of taxpayer Social security number NOTE: Failure to submit this form and other required attachments to your New Mexico personal corporate or fiduciary income NOTE: The Department may allow a maximum annual aggregate of $2 000 000 in geothermal ground coupled heat pump or fiduciary income tax liability Apply unused credit from carry forwards before applying new credit to the tax liability Credit unused in a tax year may be carried forward for a maximum of 10 consecutive tax years following the tax year for which the geothermal ground coupled heat pump was certified and the credit was approved See Schedule A payer who has been certified for a geothermal ground coupled heat pump income tax credit by the Energy Minerals and Natural Resources Department (EMNRD) and wishes to claim the credit against personal corporate or fiduciary income tax liability The geothermal ground coupled heat pump income tax credit may be claimed by a taxpayer who files a New Mexico personal corporate or fiduciary income tax return for a tax year beginning on or after January 1 2010 and has purchased and installed a geothermal ground coupled heat pump after January 1 2010 but before December 31 2020 in a residence Project No Purpose of Form Form RPD 41346 Geothermal Ground Coupled Heat Pump Tax Credit Claim Form is used by a tax Signature of taxpayer Date State of New Mexico Taxation and Revenue Department tax credit allowed as certified by EMNRD 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 41346 tax credits Applications for the credit shall be considered in the order received by the Department tax return will result in denial of the credit Tax years beginning prior to January 1 2010 are NOT eligible taxpayer during that year Include only geothermal ground coupled heat pump income tax credits that have been reported on a previously filed Form RPD 41346 Geothermal Ground Coupled Heat Pump Income Tax Credit Claim Form Report new credits on Form RPD 41346 line 2 the purchase and installation costs Unused geothermal ground coupled heat pump tax credits may be carried forward for a maximum of ten consecutive years following the tax year for which the credit was approved To apply for the credit contact the Energy Conservation and Management Division of EMNRD at (505) 476 3324 or visit their web site www cleanenergynm org For assistance completing this form or claiming the credit call (505) 476 3683 TOTAL carry forward availableEnter the sum of column (d) on line 3 on the first page of this form 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 prior years