RPD-41372              State of New Mexico - Taxation and Revenue Department 
Rev. 07/06/2015
                  VETERAN EMPLOYMENT TAX CREDIT CLAIM FORM
HOW TO USE THIS FORM. When claiming a veteran employment tax credit, this form must accompany the tax return to 
which the taxpayer wishes to apply the credit. 
All claimants must complete Part I to compute the amount of credit available and to report the amount of credit claimed. 
Complete Part II, if you have been approved for a veteran employment tax credit in a prior year and you have excess 
credit available to carry forward to the current tax year. Leave Part II blank if you do not have any carryforward available.  
NOTE: Excess credit may not be refunded to the taxpayer, but may be carried forward for up to three years. Please see the 
instructions to determine the correct amount that can be applied to any return. 
Attach this form to the tax return to which you wish to apply the credit and mail to the address on the tax return. For assis-
tance claiming this credit call (505) 827-0792.
 Name of claimant                                                              Enter the FEIN or the SSN of the claimant
                                                                                                                            Check one: FEIN
                                                                                                                                       SSN

Part I - Computation of the Amount of Tax Credit Claimed
1. Enter the total veteran employment tax credit approved for wages paid to the veteran 
   in the year to which the credit is to be applied.
   1a.  Credit claim number of the current year application. ______________________________
          If more than one credit claim number, attach a completed Schedule A.                   1.
2. Enter total credit available for carry forward, if any, from applications for the credit that 
   is approved for wages paid in a prior year (from Part II).                                    2.
3. Enter the sum of lines 1 and 2. This is the available veteran employment tax credit that 
                                                                                                 3.
   may be claimed against the attached New Mexico income tax return. 
4. Enter the portion of available credit you wish to apply to the current NM personal or 
   corporate income tax liability. This amount may not exceed the tax due on the return.         4.

Enter the credit claimed on the applicable line of the New Mexico income tax Schedule PIT-CR, CIT-CR, S-Corp-CR, or 
FID-CR, and attach it to the New Mexico income tax return to which the credit is to be applied. The veteran employment tax 
credit may be deducted only from the claimant’s New Mexico personal or corporate income tax liability. 
NOTE: Failure to attach this form to your New Mexico personal or corporate income tax return will result in denial of the credit.

Part II - Compute the credit available for carryforward from prior years 
      (a) Prior year   (b) Amount of credit         (c) Credit claimed against                   (d) Excess credit available 
   credit claim number         approved                   prior year tax liabilities           for carryforward [(b) - (c)] 

   (A) TOTAL credit available from applications approved for prior 
   years. Enter the sum of column (d). 

I certify that I have examined this return including accompanying returns and statements, and to the best of my knowledge 
and belief, they are true, correct and complete.

Signature of Taxpayer or Agent                      Title                                          Date 

RPD-41372      State of New Mexico - Taxation and Revenue Department
Rev. 07/06/2015
               VETERAN EMPLOYMENT TAX CREDIT CLAIM FORM
                                           Schedule A

Complete and attach Schedule A with Form RPD-41372, Veteran Employment Tax Credit Claim Form, if you have more 
than one application approved during the tax year of this claim.  

For each approved veteran employment tax credit, enter the approval number and the amount of veteran employment tax 
credit allowed, as certified by TRD during the tax year of this claim. Enter the sum of all amounts in the TOTAL box below 
and on Form RPD-41372, line 1.

For each veteran employment tax credit allowed, attach the TRD certificate of eligibility and the amount of credit allowed.

                                                                        Amount of veteran employment   
                          Approval number                              tax credit allowed

               TOTAL credits allowed
               Enter the sum on line 1 on 
               the first page of this form.

RPD-41372                    State of New Mexico - Taxation and Revenue Department 
Rev. 07/06/2015
               VETERAN EMPLOYMENT TAX CREDIT CLAIM FORM
                                                  INSTRUCTIONS

ABOUT THIS TAX CREDIT                                           have excess credit available to carry forward to the current 
For tax years beginning on or after January 1, 2012 but not     tax year. NOTE:  Excess credit may not be refunded to the 
after December 31, 2016, a taxpayer who employs a qualified     taxpayer, but may be carried forward for up to three years. 
military veteran in New Mexico is eligible for a credit against 
the taxpayer’s personal or corporate income tax liability for   Attach this claim form (RPD-41372) to the tax return to which 
up to $1,000 for wages paid to each qualified military veteran  you wish to apply the veteran employment tax credit. 
who is employed full time in New Mexico. If the veteran is 
employed for less than a full year, the credit for that year is 
reduced based on the fraction of the year the veteran was       Approved credit should first be applied to the tax due for 
actually employed. The credits allowed per veteran are limited  the year in which the wages were paid. Then apply the car-
to a maximum of one year’s employment. See the instructions     ryforward of approved credits for wages paid in a prior year. 
for Form RPD-41371, Application for Veteran Employment          Excess credit may not be refunded to the taxpayer, but may 
Tax Credit, for additional requirements.                        be carried forward for up to three years.  

To  apply  for  the  credit,  submit  a  completed  Form  RPD-  Part I - Computation of the Amount of Tax Credit Claimed
41371, Application for Veteran Employment Tax Credit, to        Line 1.   Enter the veteran employment tax credit that was 
the Taxation and Revenue Department (TRD). See Form                    approved for wages paid in the tax year of the return 
RPD-41371 for details on obtaining approval. Once you have             to which the tax liability is due. From the approved 
been approved for the credit by TRD you may use this Form              Form RPD-41371, Application for Veteran Employ-
RPD-41372, Veteran Employment Tax Credit Claim Form, to                ment Tax Credit, also enter the credit claim number 
claim the credit against your personal or corporate income             issued by TRD. NOTE: If you have more than one 
tax liability due. When claiming approved veteran employ-              credit claim number, attach a completed Schedule A. 
ment tax credit(s), this form must accompany the tax return 
to which the taxpayer wishes to apply the credit.               Line 2.   Enter the total credit available for carryforward, if 
                                                                       any, from applications approved for wages paid in 
That portion of a veteran employment tax credit approved by            a prior year (from Part II).  
TRD that exceeds a taxpayer’s income tax liability in the tax   Line 3.   Enter the sum of lines 1 and 2. This is the available 
year in which the veteran employment tax credit is claimed             veteran employment tax credit that you may claim 
may not be refunded to the taxpayer, but may be carried                against your current year tax liability. 
forward for up to three years. The veteran employment tax 
credit may not be transferred to another taxpayer, but the      Line 4.  Enter the portion of available credit (from line 3) 
right to claim the credit may be allocated to the owners of a          that you wish to apply to the current New Mexico 
business entity that is taxed federally as a partnership. The          personal or corporate income tax liability due. This 
credit may be allocated to owners in proportion to the owner’s         amount may not exceed the tax due on the return.
interest in the business. See Form RPD-41371, Application 
for Veteran Employment Tax Credit, for allocating the credit.   Part II - Compute the credit available for carryforward 
                                                                from prior years (If applicable)
Married individuals filing separate returns for a tax year for  Column (a).   Enter the credit claim number from the applica-
which they could have filed a joint return, each may claim                    tion approved in a prior year.
only one-half of the veteran employment tax credit that would 
                                                                Column (b).  Enter amount of credit approved for the prior 
have been claimed on a joint return.
                                                                            year.
HOW TO COMPLETE THIS FORM                                       Column (c).  Enter amount of credit claimed against prior  
Enter the name of the claimant and the claimant’s federal                     year tax liabilities. 
identification number (FEIN) or social security number (SSN). 
                                                                Column (d).  Enter the excess credit available for carry-  
Indicate whether the number is the FEIN or the SSN by 
                                                                              forward. Subtract column (c) from column (b). 
checking the applicable box. 
                                                                Compute the sum of column (d), and enter the amount on 
All claimants must complete Part I to compute the amount of     line (A) TOTAL credit available from applications approved 
credit available and to report the amount of credit claimed.    for prior years. 
Complete Part II, if you have been approved for the veteran 
employment tax credit for wages paid in a prior year and you    Sign and date the declaration at the bottom of the form.