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RPD-41371 STATE OF NEW MEXICO
Rev. 10/23/2014
TAXATION AND REVENUE DEPARTMENT
APPLICATION FOR VETERAN EMPLOYMENT TAX CREDIT
Who May Use This Form. Form RPD-41371, Application for the Veteran Employment Tax Credit, is to be used by eligible
employers to apply for the veteran employment tax credit .
How to Apply For This Tax Credit: To apply for the credit you must complete Form RPD-41371, Application for Veteran
Employment Tax Credit, and attach a Form RPD-41370, Certification of Eligibility for the Veteran Employment Tax Credit,
for each qualified military veteran included in the total credit which is summarized on the application, Form RPD-41371. An
application can include multiple certifications for multiple qualified military veterans for the tax year of the application. Submit
the application and certifications to the Taxation and Revenue Department for approval prior to claiming the credit. Once ap-
proved, you may claim the credit against your personal or corporate income tax due by attaching Form RPD-41372, Veteran
Employment Tax Credit Claim Form, to the tax return for the tax year in which you employ the qualified military veteran. The
amount of the approved veteran employment credit that exceeds your income tax or corporate income tax liability in the tax-
able year in which the credit is claimed will not be refunded, but may be carried forward for up to three years.
For status of the application, call (505) 827-0792.
Mail to: Taxation and Revenue Department, P.O. Box 5418, Santa Fe, NM 87502-5418.
Name of eligible employer New Mexico CRS identification no.

Physical address City, state, and ZIP code

Mailing address, if different City, state, and ZIP code

Name of contact Phone number Email address

1. Enter the employer’s tax year in which the eligible employment took place. through
(mm-dd-ccyy) (mm-dd-ccyy)
If the veteran was employed across multiple tax years, include only certifications for qualified periods of employment that
occurred during this tax year. A separate application must be submitted for qualified periods of employment that occurred
in a different tax year.

Total Veteran Employment Tax Credit
2. Enter the number of certifications* attached: _______________________
A certification for each military veteran whose qualified period of employment
occurred during the tax year of this application must be attached.

3. Enter the total veteran employment tax credit requested: _______________________$
Enter the sum of the tax credit requested (from line 10) from each certification
included in this application.
*Attach Form(s) RPD-41370, Certification of Eligibility for the Veteran Employment Tax Credit.
I declare I have examined this application, including attachments, and to the best of my knowledge and belief it is true, correct and
complete.

Taxpayer Authorized Signature Date

FOR DEPARTMENT USE ONLY
Authorized by the New Mexico Taxation and Revenue Department.

Approved by: Title:

Telephone number: Date:

Veteran Employment Tax Credit amount approved: $ Claim number:

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RPD-41371                        STATE OF NEW MEXICO
Rev. 10/23/2014
                                 TAXATION AND REVENUE DEPARTMENT
               APPLICATION FOR VETERAN EMPLOYMENT TAX CREDIT
Part II - Distribution of credit to owners, members or partners, if the employer files a partnership return.
An owner, member or partner (owners) may be allocated the right to claim a veteran employment tax credit in proportion to its 
ownership interest if the taxpayer owns an interest in a business entity that is taxed for federal income tax purposes as a partner-
ship. To allocate the credit to the owners of the business entity qualifying for the credit, complete the following for each owner. The 
total credit that may be claimed by all members of the partnership or other business entity shall not exceed the allowable credit 
approved. If additional space is needed, continue the list on a copy of this page. 

Distributed to:
Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

Name of owner, member or partner SSN                                               Percent of ownership     Amount 
                                 FEIN

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RPD-41371 STATE OF NEW MEXICO
Rev. 10/23/2014
TAXATION AND REVENUE DEPARTMENT
APPLICATION FOR VETERAN EMPLOYMENT TAX CREDIT
INSTRUCTIONS Page 1 of 2

ABOUT THIS TAX CREDIT before submitting the application. The Department may re-
For tax years beginning on or after January 1, 2012, but not quest additional information establishing that the employee
after December 31, 2016, a taxpayer who employs a quali- is a qualified military veteran.
fied military veteran, for at least 40 hours per week, in New
Mexico is eligible for a credit against the taxpayer’s personal HOW TO COMPLETE THIS FORM
or corporate income tax liability for up to $1,000 for wages Complete all information requested. Enter the date using a
paid to each qualified military veteran. If the veteran’s quali- two-digit month and day and a four-digit year (mm/dd/ccyy).
fied period of employment is less than a full year, the credit
for that year is reduced based on the ratio of the qualified Enter the name, address and the New Mexico CRS identifica-
period of employment over the full tax year of the employer. tion number of the employer. The physical address should be
the address where the business is located or based. Enter
• An employer may not receive the credit for any individual
the mailing address if it is a different address.
qualified military veteran for more than one calendar year
from the date of hire.
1. Enter the employer's tax year in which the eligible em-
• Multiple employers may not receive a credit for more than ployment took place. Enter the first and last day of the
one year combined for the same qualified military veteran. tax year. Enter the date using a two-digit month and day
• Only one employer may receive the credit for a specific and a four-digit year (mm/dd/ccyy).
veteran during a tax year.
• The date of discharge may not exceed two years from 2. Enter the number of certifications (Form RPD-41370,
the date the employer hired the military veteran. Certification of Eligibility for the Veteran Employment
Tax Credit) attached and included in this application.
• The veteran employment tax credit is only allowed for the
employment of a veteran who was not previously em- 3. Enter the sum of the veteran employment tax credit (from
ployed by the taxpayer prior to the individual’s deployment. line 10 of each certification attached). A maximum of
$1,000 for each qualified military veteran in tax year is
That portion of a veteran employment tax credit approved allowed.
by Taxation and Revenue Department (TRD) that exceeds
a taxpayer’s income tax liability in the tax year in which the Sign and date the application.
veteran employment tax credit is claimed may not be re-
funded to the taxpayer, but may be carried forward for up to Mail to:
three years. The veteran employment tax credit may not be Taxation and Revenue Department
transferred to another taxpayer. P.O. Box 5418
Santa Fe, NM 87502-5418.
A husband and wife filing separate returns for a tax year for
which they could have filed a joint return, each may claim IMPORTANT INFORMATION TO KNOW ABOUT THE
only one-half of the veteran employment tax credit that would APPROVAL OF THE CREDIT
have been claimed on a joint return. An owner, member or • Failure to properly complete the application and submit any
partner (owners) may be allocated the right to claim a veteran required documents may result in a denial of the credit.
employment tax credit in proportion to its ownership interest • Once a qualified military veteran is approved on an ap-
if the taxpayer owns an interest in a business entity that is plication for a tax year, any credit requested by another
taxed for federal income tax purposes as a partnership. To employer for the same military veteran on subsequent
allocate the credit to the owners of the business entity qualify- applications for the same tax year will be denied.
ing for the credit, complete Part II. The total credit that may
be claimed by all members of the partnership or other busi- • Applications will be processed in the order in which they
ness entity shall not exceed the allowable credit approved. are received.
• When the period of employment, beginning from the
ATTACHMENTS date of hire through the first year, crosses two tax years,
The taxpayer must provide a copy of the qualified military one application for each tax year for the same qualified
veteran’s DD Form 214, Certificate of Release or Discharge military veteran may be approved.
from Active Duty, or other evidence acceptable to the Depart-
ment. The document must show the date the military veteran • For multiple claims received for the same qualified mili-
was honorably discharged from a branch of the United States tary veteran, the dates of employment will be compared
military. Evidence other than the qualified military veteran’s to ensure that a credit is allowed for only one full year
DD Form 214, should be approved through the Department of employment.

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RPD-41371                                   STATE OF NEW MEXICO
Rev. 10/23/2014
                             TAXATION AND REVENUE DEPARTMENT
               APPLICATION FOR VETERAN EMPLOYMENT TAX CREDIT
                                            INSTRUCTIONS
                                                                                            Page 2 of 2

HOW TO CLAIM THIS TAX CREDIT                                 DEFINITION
Once approved, you may claim the credit against your per-    A "qualified military veteran" means an individual who is 
sonal or corporate income tax due by attaching Form RPD-     hired within two years of receipt of an honorable discharge 
41372, Veteran Employment Tax Credit Claim Form, to the      from a branch of the U.S. military, who works at least 40 
tax return for the tax year in which you employ the veteran. hours per week during the taxable year for which the veteran 
Excess credit may be carried forward for three years. Mail   employment tax credit is claimed, and who was not previously 
all forms to the address on the tax return.                  employed by the taxpayer prior to the individual’s deployment.
                                                             The qualified military veteran must work or be expected to 
                                                             work an average of 40 hours or more per week.

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