RPD-41342                       State of New Mexico  - Taxation and Revenue Department
Rev. 04/11/2016
                                                         Notice of Transfer of 
                                            Sustainable Building Tax Credit
Purpose of This Form. Form RPD-41342, Notice of Transfer of Sustainable Building Tax Credit, must be used to report to 
the Taxation and Revenue Department (TRD) a transfer of approved sustainable building tax credit. Before using this notice 
to report a transfer, the current holder must have a TRD-approved Form RPD-41327,                 Sustainable Building Tax Credit Ap-
proval, or a TRD-approved Form RPD-41342, Notice of Transfer of Sustainable Building Tax Credit. 
Form RPD-41342 may be used by a TRD-approved holder who sells, exchanges or transfers their credit to another taxpayer, 
or by a holder, other than the original building owner, who is a partnership or other business association passing the credit 
to its members, partners, shareholders, or beneficiaries. 
Both the holder and the new holder, or their authorized representatives must sign and date this notice. This signed notice must 
be mailed within 10 days of a sale, exchange, or other transfer to: New Mexico Taxation and Revenue Department, Edit Error, 
PO Box 5418, Santa Fe NM 87502-5418. For help, see RPD-41327 instructions for this credit or call (505) 827-0792.

Sustainable building tax credit sold, exchanged, or transferred:
Credit number of                First eligible tax year: Date of the transfer: Approved amount of sustainable building tax 
holder:                                                                        credit to be transferred: 

Transferred from:
Name of holder                                                                                    SSN or FEIN

Name of contact (if applicable)                           Phone number                            Email address
                                                                                                   
                       %        If the holder is a partnership or other business association passing credit to its owner(s), enter the new 
                                holders percentage of ownership interest.
Under penalty of perjury I certify that I have examined this form and attachments, and to the best of my knowledge and 
belief it is true, correct, and complete.   

Signature of holder authorizing
the transfer of the credit.                                                                       Date 

Transferred to:
    Name of new holder                                                                            SSN or FEIN

Mailing address                                                          City, state, and ZIP code

Under penalty of perjury I certify that I have examined this form and attachments, and to the best of my knowledge and 
belief it is true, correct, and complete.   
Signature of the holder to 
whom the credit is transferred.                                                                   Date 
                                TO BE COMPLETED BY THE TAXATION AND REVENUE DEPARTMENT

    New credit number:          First eligible tax year:   Approved amount of sustainable building tax credit: 

          Sustainable building tax credit is approved as submitted.

          Sustainable building tax credit is not approved. See the attached explanation.

          Sustainable building tax credit is approved, but the amount of the credit has been adjusted. See the attached 
          explanation. 

Signature of Secretary or authorized delegate: __________________________    Date: ____________________

Name (please print):_____________________________________                  Title: ______________________________

RPD-41342
Rev. 04/11/2016
                                        INSTRUCTIONS FOR RPD-41342 
                  NOTICE OF TRANSFER OF SUSTAINABLE BUILDING TAX CREDIT

Form RPD-41342 may be used by:                                 RPD-41342, Notice of Transfer of Sustainable Building Tax 
1.  a TRD-approved holder who sells, exchanges or transfers    Credit, depending on the how the previous holder received 
their credit to another taxpayer, or                           TRD-approval for the credit. Enter the date of the transfer 
                                                               and the amount of the tax credit transferred. 
2.  a holder, other than the original building owner, who is 
a partnership or other business association passing the 
credit to its members, partners, shareholders, or benefi-      Transferred from
ciaries (owners).                                              Complete this section to identify the owner or holder who 
                                                               transferred the approved sustainable building tax credit. 
The amount of the credit allowed to a holder who sells, ex-    Sign and date to authorize the transfer. If the holder is a 
changes or transfers their credit to another taxpayer, may     partnership or other business association passing credit 
not be split or divided between taxpayers. The total amount    to its owner(s), enter the new holders percentage of 
of credit allowed, as shown on the TRD-approved document       ownership interest.  
provided to the holder, must either be claimed or otherwise 
transferred by the holder. The TRD-approved document will      Transferred to 
be either Form RPD-41327, Sustainable Building Tax Credit      Complete this section to identify the new holder of the 
Approval, or a TRD-approved Form RPD-41342,       Notice of    approved sustainable building tax credit. The new holder 
Transfer of Sustainable Building Tax Credit, depending on  or his authorized representative must sign and date to 
the how the previous holder received TRD approval for  receive the transfer.
the credit.
                                                               Two Signatures and ENMRD Certificate
If, however, the holder is a partnership or other business as- Both transferring parties must sign and date the form. You 
sociation that passes the credit to its owner’s, each owner    must also attach a copy of the holders approved Form 
may claim a credit only in proportion to that owners interest  RPD-41327, or Form RPD-41342. Mail transfer form and 
in the partnership or other business association. The total    the holders TRD-approval documentation, to New Mexico 
credit claimed by all owners may not exceed the amount of      Taxation and Revenue Department, Edit Error, P.O. Box 
the credit that could have been claimed by the holder.         5418, Santa Fe, NM 87502-5418.  

Note: Once a credit is claimed by a holder or owner,                        You must mail the notice to TRD within 10 
                                                               IMPORTANT:
the carryforward may not be further sold, exchanged or         days of a sale, exchange, or other transfer.
transferred.
                                                               New Sustainable Building Tax Credit
An original building owner that is a partnership or other 
                                                               If you have been approved for a new sustainable building 
business association may pass TRD-approved credit to its 
                                                               tax credit you must use RPD-41384, Notice of Transfer of 
owners, by completing Sections I and II of Form RPD-41327, 
Sustainable Building Tax Credit Approval, and submitting a     New Sustainable Building Tax Credit Approval, to transfer 
Form RPD-41327 for each owner.                                 that credit.

COMPLETING THE NOTICE OF TRANSFER                              For tax years beginning on or after January 1, 2017, 
Follow these  instructions to complete  each  section  of      but ending on or before December 31, 2026, the new 
RPD-41342,     Notice of Transfer of Sustainable Building      sustainable building tax credit is available for the 
Tax Credit. For assistance completing this form, call (505)    construction  in  New  Mexico  of  a  sustainable  building, 
827-0792.                                                      the renovation of an existing building in New Mexico into 
                                                               a sustainable building, or for the permanent installation 
Sustainable building tax credit sold, exchanged, or            of manufactured housing in New Mexico, regardless of 
transferred                                                    where the housing is manufactured, that is a sustainable 
Enter the credit number and the first eligible tax year from   building. See Form RPD-41382, New Sustainable Building 
the certificate of eligibility issued by the Energy, Minerals  Tax Credit Approval, for more details.
and Natural Resources Department (EMNRD). You can 
find the credit number and first eligible tax year on RPD-
41327, Sustainable Building Tax Credit Approval,  or on