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RPD-41386 State of New Mexico - Taxation and Revenue Department
Rev. 09/13/2016
TECHNOLOGY JOBS AND RESEARCH
AND DEVELOPMENT TAX CREDIT CLAIM FORM
PURPOSE OF THIS FORM: To claim the credit, attach a completed Form RPD-41386, Technology Jobs and Research and
Development Tax Credit Claim Form, to the tax return. The basic portion of this credit can be applied against the TRD-41412,
Compensating Tax Return, TRD-41413, Gross Receipts Tax Return, TRD-41409, Non-Wage Withholding Tax Return, and
the TRD-41414, Wage Withholding Tax Return. The additional protion of this credit can be applied against tax on the PIT-1,
CIT-1, FID-1, S-Corp in which you wish to apply the credit on or before the due date of the return. You may claim this credit
when you file your return online. Sign into Taxpayer Access Point (TAP) at https://tap.state.nm.us, and follow the prompts
to attach this form. To mail in, attach this form to the tax return and mail to the address on the return. For assistance claim-
ing your approved credit, call (505) 827-0792.

For more information about this credit, see the instructions to Form RPD-41385, Technology Jobs and Research and Devel-
opment Tax Credit Application, which must be completed and approved prior to claiming this credit or submitting this form.

When completing this form, the name of the holder is name of the business to whom the credit has been approved.

Name of holder Social security number (SSN) or federal employer
identification number (FEIN) of holder
Mark one: FEIN
SSN
Mailing address City, state and ZIP code

New Mexico Business Tax Identification Number (NMBTIN) Phone number E-mail address

1. Enter the beginning and ending date of the report period of this claim. From to

2. Enter the New Mexico tax due for this report period. If applying against an in-
come tax return, enter the Net New Mexico income tax calculated before apply- 2. $
ing any credit.
3. Enter the portion of total credit available (from Schedule A) claimed on your current
New Mexico tax return claimed on the schedule CR. Do not enter more than the
amount of Net New Mexico tax due. The credit used may not exceed the amount of
tax otherwise due. 3. $

4. If the business's application for credit is approved as a qualified research and devel-
opment small business, enter the portion of the credit that is to be refunded. 4. $
See Refund for Certain Small Businesses in the instructions for this form to deter-
mine the amount and the timing of the refund.

NOTE: Failure to attach this form and other required attachments to your New Mexico tax return
will result in denial of the credit.

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.

Signature of claimant_________________________________________ Date________________________________

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RPD-41386
Rev. 09/13/2016     State of New Mexico - Taxation and Revenue Department
TECHNOLOGY JOBS AND RESEARCH AND DEVELOPMENT TAX CREDIT CLAIM FORM
                                     Schedule A
Once the technology jobs and research and development tax credit is approved, complete and attach Form RPD-41386, 
Technology Jobs and Research and Development Tax Credit Claim Form, including Schedule A, to your New Mexico tax 
return. If claiming the credit against income taxes, also attach the applicable tax credit Schedule CR. 

         (a)    (b)              (c)              (d) Credit previously    (e)                          (f) 
Credit number   Date of approval Amount of credit claimed               Unused credit [(c) - (d)]       Amount applied to the 
                                 approved                                                               attached return

                                                  TOTAL credit available
                                                  Enter the sum of column (f) here and on 
                                                  line 3 of Form RPD-41386.

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RPD-41386 State of New Mexico - Taxation and Revenue Department
Rev. 09/13/2016
TECHNOLOGY JOBS AND RESEARCH AND DEVELOPMENT TAX CREDIT CLAIM FORM
Instructions
USING THE TECHNOLOGY JOBS AND RESEARCH AND for a period of up to three years from the date of the original
DEVELOPMENT TAX CREDIT claim.

The Basic Tax Credit may be applied against the taxpayer’s Schedule A Instructions
compensating tax, withholding tax or gross receipts tax (ex-
cluding local option gross receipts tax) due to the state of For each technology jobs tax credit approved, complete a
New Mexico. No taxpayer may claim an amount of approved row in Schedule A. Do not include credits which have been
.
basic credit for any reporting period that exceeds the sum of claimed in full.
the taxpayer’s compensating tax, withholding tax and gross
recipts tax (excluding local option gross receipts tax) due for COLUMN INSTRUCTIONS
that reporting period. (a) Credit number. Enter the credit number assigned by the
Taxation and Revenue Department on your approval docu-
Approved basic credit may be carried forward for a period of
mentation.
up to three years from the date of the original claim.
(b) Date of approval. Enter the date of the Department's
When computing the amount of technology jobs and research approval for the credit from your approval documentation.
and development tax credit that can be claimed against gross
(c) Amount of credit approved. For each credit, enter the
receipts tax, multiply the gross receipts by 3.9% if the location
amount of credit approved.
code reported is within municipality, and 5.125% if the location
code is anywhere else within or outside New Mexico. (d) Credit previously claimed. For each credit, enter the
total amount of credit claimed in all report periods prior to the
The Additional Tax Credit may be applied against the tax- current report period.
payer’s personal or corporate income tax. Except for qualified
(e) Unused credit. For each credit, subtract the amount in
research and development small businesses, no taxpayer
column (d) from the amount in column (c).
may claim an amount of additional credit for any reporting
period that exceeds the amount of the taxpayer’s personal or (f) Amount applied to the attached return. For each credit,
corporate income tax due for that reporting period. enter in column (f) the amount that is applied to the attached
New Mexico tax return.
Married individuals may each claim only one-half the additional
credit. A pass-through entity (PTE) approved for additional NOTE: Failure to attach this form and other required at-
credit may pass the additional credit to its owners, partners tachments to your New Mexico tax return
or members using Form RPD-41368, Notice of Distribution of will result in denial of the credit.
Technology Jobs and Research and Development Tax Credit.

Refund for Certain Small Businesses
Qualified research and development small businesses may
claim a refund of all or a portion of approved additional credit.
If the total qualified expenditures for the tax year for which
the claim is made is:
• less than $3,000,000, the excess additional credit shall
be refunded to the taxpayer;
• greater than or equal to $3,000,000 and less than
$4,000,000, two-thirds of the excess additional credit
shall be refunded, and
• greater than or equal to $4,000,000 and less than or equal
to $5,000,000, one-third of the excess additional credit
shall be refunded.

Carryforward of Additional Credit
Any amount of approved additional credit not claimed against
the taxpayers income tax or corporate income tax due for a
tax year or refunded to the taxpayer may be carried forward

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