Form RPD-41361 Agricultural Biomass Tax Credit Claim Form

Name of owner of qualified facility (a) Credit number (b) Amount of credit approved (c) Total credit applied to previous tax liabilities (d) Excess credit available for carry forward [(b) (c)] AGRICULTURAL BIOMASS TAX CREDIT CLAIM FORM due You must first apply credit approved to be claimed for a tax year (Line 1) then you may apply excess credit available for carry forward from Line 2 When applying excess credit approved on prior year returns apply the credit with the oldest approval date first Enter agricultural biomass income tax credits approved for the tax year of the attached return Enter the credit claimed on the applicable line of the New Mexico income tax Form PIT 1 CIT 1 S Corp or FID The agricultural biomass income tax credit may be deducted only from the claimant s New Mexico personal or corporate income tax liability Enter the portion of available credit claimed on your current New Mexico personal or corporate income tax return Enter the sum of lines 1 and 2 This is the available agricultural biomass income tax credit that may be claimed against the attached New Mexico income tax return Enter total unused agricultural biomass income tax credits available for carry forward from schedule A identification number NOTE: Failure to attach this form to your New Mexico personal or corporate income tax return will result in denial of the credit Purpose of this Form To apply the approved agricultural biomass tax credit to personal or corporate income tax due sub mit Form RPD 41361 Agricultural Biomass Tax Credit Claim Form with Form PIT 1 CIT 1 S Corp or FID for the tax year to which you wish to apply the credit Excess agricultural biomass tax credit may be carried forward for a maximum of four consecutive taxable years following the year the New Mexico Taxation and Revenue Department (TRD) approved the credit Attach this form to the return and mail to the address on the New Mexico income tax return For assistance completing this form obtaining TRD approval or claiming the credit call (505) 476 3683 You may also see the instructions for this tax credit Form RPD 41362 for more information Schedule A Worksheet to compute the total excess credit available for carry forward Social security number or federal employer State of New Mexico Taxation and Revenue Department The credit applied to the attached return cannot exceed the amount of personal or corporate income tax liability otherwise TOTAL excess credit available Enter the sum of column (d) If supple mental pages are attached enter the sum of column (d) from all pages