RPD-41301                         New Mexico Taxation and Revenue Department
Rev. 07/01/2021
                           AFFORDABLE HOUSING TAX CREDIT CLAIM FORM
                                                                                                                                                                                      Page 1 of 4

PURPOSE OF THIS FORM:  When claiming the affordable housing tax credit, this form must accompany the applicable tax return, see 
instructions for applicable tax programs. The holder of an investment voucher may apply all or a portion of the value (approved tax credit 
amount) of the investment voucher as an affordable housing tax credit against the holder’s modified combined tax liability (see definition 
on page 3), personal income tax, or corporate income tax liability. Any balance may be carried forward for up to five years from the end of 
the calendar year in which the investment voucher for the affordable housing project was originally issued, or the original voucher date. To 
claim the credit, the holder must attach a completed Form RPD-41301, Affordable Housing Tax Credit Claim Form, to the return in which 
you wish to apply the credit on or before the due date of the return.  You may apply 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 completing this form, call (505) 827-0792 or email BusinessCredit.Mgr@
state.nm.us.
The holder is the individual or business to whom an investment voucher has been issued or to whom the investment voucher has been 
sold, exchanged or otherwise transferred. When an investment voucher is transferred to a new holder, notification must be made to the 
New Mexico Taxation and Revenue Department and New Mexico Mortgage Finance Authority (MFA) within ten days of the transfer by 
submitting to the MFA a completed Affordable Housing Tax Credit Transfer Form. The new holder will receive notification of approval of 
the transfer and a new voucher number will be issued for the investment voucher or the portion of the balance that was transferred. A 
taxpayer may not claim the tax credit until the transfer investment voucher and subsequent voucher number have been issued. (See more 
about Transfers on page 3.)

 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

 Name of contact                                      Phone number                                                                        E-mail address

1.  Enter the beginning and ending date of the tax year of this claim.                                                               From                          to
 
2.  Enter the New Mexico tax due for this report period. If applying against an income tax                                                2.
 return, enter the Net New Mexico income tax calculated before applying any credit.

3.  Enter the portion of total credit available (from Schedule A) you are claiming on the at-                                             3.
 tached tax return. Do not enter more than the amount of Net New Mexico tax due on 
 the return (Imporant: Include Schedule CR when inticated in the instructions). ............ 

NOTE: Failure to attach this form and required attachments to your New Mexico 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 

RPD-41301                     New Mexico Taxation and Revenue Department
Rev. 07/01/2021
                   AFFORDABLE HOUSING TAX CREDIT CLAIM FORM 
                                                 Schedule A
                                                                                                              Page 2 of 4
You must attach Schedule A  with Form RPD-41301, Affordable Housing Tax Credit Claim Form.                    
Column A           Column B   Column C           Column D                                  Column E  Column F
Investment Voucher Issue Date Amount Of Credit   Total Credit Claimed   Unused Credit                Applied To The 
Number                        Approved           In Previous Tax Years                     (C - D)   Attached Return

                                                 TOTAL credit available
                                                 Enter the sum of Column F here and on 
                                                 line 3 of Form RPD-41301, page 1.

RPD-41301                             New Mexico Taxation and Revenue Department
Rev. 07/01/2021
                             AFFORDABLE HOUSING TAX CREDIT CLAIM FORM 
                                                                                                                              Page 3 of 4

About This Credit:                                                     or 800-444-6880) for approval of the project and issuance of 
The Mortgage Finance Authority (MFA) may issue investment vouch-       the investment vouchers.
ers to persons who have invested in approved affordable housing 
projects. MFA may issue an investment voucher to a person who          How To Claim The Credit:
has made an investment of land, buildings, materials, cash, or ser-    When completing Form RPD-41301, Affordable Housing Tax Credit 
vices for an affordable housing project approved by MFA or for a       Claim Form, report new investment vouchers on line 1, and attach 
trust fund administered by MFA. The vouchers, good for up to 50%       Schedule A if you have any investment vouchers that were previ-
of the investment, may be sold or transferred. Affordable housing      ously claimed. Schedule A is used to compute any carryforward 
projects cover land acquisition, construction, materials, building     credits allowable. Attach Schedule B if there is more than one 
acquisition, remodeling, improvement, rehabilitation, conversion,      investment voucher to claim.  
or weatherization for single family residential housing or multifamily 
residential housing approved by MFA.After receiving the investment     Attach Form RPD-41301,  Affordable Housing Tax Credit Claim 
vouchers from MFA, the taxpayer may apply them for a credit against    Form, to the return for taxes against which you wish to apply the 
the taxpayer’s modified combined tax liabilities, personal income      credit. Enter the credit claimed on the applicable line of the New 
tax, or corporate income tax liabilities, and the taxpayer may carry   Mexico income/business tax form for the following tax programs:
unused credit forward for five years. 
                                                                       Income Tax Programs              Required Forms
NOTE: Effective July 1, 2010, this law is expanded to include all 
counties, and adds materials to the list of eligible investments.      Corporate Income Tax             CIT-1, CIT-CR
                                                                       Fiduciary Income Tax             FID-1, FID-CR
Transfers:                                                             Personal Income Tax              PIT-1, PIT-CR
The credit may also be sold, exchanged, or otherwise transferred 
to another holder. When an investment voucher is transferred in        Sub Chapter S Corporate          S-Corp, S-Corp-CR
whole or in part to a new holder, New Mexico Taxation and Revenue      Income and Franchise Tax
Department and MFA must be notified within 10 days of the transfer     Business Tax Programs            Required Forms
by submitting a completed Affordable Housing Tax Credit Transfer 
                                                                       Compensating Tax                 TRD-41412, Sched CR
Form to MFA. The Affordable Housing Tax Credit Transfer Form may 
be obtained from MFA. The new holder will be notified of approval      E911 Services Surcharge*         RPD-41114
of the transfer and issued a new investment voucher number. The        Gross Receipts Tax               TRD-41413, Sched CR
transfer form will identify the new holder, the new voucher number, 
and the transfer amount, but will also identify the original voucher   Interstate Telecommunications  TRD-41410, Sched CR
date. The original voucher date is the date the original investment    Gross Receipts Tax
voucher was issued for the affordable housing project. Upon receipt    Telecommuications Relay          RPD-41116
of the approved transfer form, the new holder may apply the afford-    Services Surcharge*
able housing tax credit against future returns, but may not carry      Non-wage Withholding Tax         TRD-41409, Sched CR
forward any credit for more than 5 years from the calendar year in 
which the original investment voucher was issued.                      Wage Withholding Tax             TRD-41414, Sched CR
                                                                       *Underpay the amount recorded as due by the amount of the credit 
For example, if an affordable housing project was approved and         claimed. 
later certified by MFA, and the resulting original investment voucher 
was issued to holder Z on January 15, 2006, Z may not claim the        The credit to be applied may not exceed the tax liability due on 
affordable housing tax credit for any unused balance of the invest-    the return. First, apply unused credit available from the investment 
ment voucher after December 31, 2011. If all or a portion of the       voucher with the oldest original voucher date to the tax liability. 
investment voucher balance is subsequently transferred to holder 
X X,   may not claim the tax credit for the transferred balance after  Important: The credit may not be claimed against local option 
December 31, 2011. The original voucher date for the original in-      gross receipts tax imposed by any county or municipality, or the 
vestment voucher issued to  Zand the transfer investment voucher       governmental gross receipts tax. 
issued to X is January 15, 2006.  
                                                                       Any balance of the affordable housing tax credit may be carried 
“Modified combined tax liability”     means the total liability for    forward for up to 5 years from the calendar year during which the 
the report period for gross receipts tax less any local option gross   original investment voucher used to claim the affordable housing 
receipts tax due (5.125% of taxable gross receipts), compensat-        tax credit was issued.  
ing and withholding taxes, interstate telecommunications gross 
                                                                       Websites:
receipts tax, E911 surcharges, and telecommunications relay sur-
                                                                       New Mexico Mortgage Finance Authority
charges, minus any credit (other than the affordable housing tax 
                                                                       www.housingnm.org
credit) applied against these taxes. Modified combined tax liability 
does not include amounts collected for local option gross receipts 
                                                                       New Mexico Taxation & Revenue Department
taxes and governmental gross receipts taxes. 
                                                                       www.tax.newmexico.gov
How To Apply For The Credit:
Taxpayers seeking the affordable housing tax credit must con-
tact the New Mexico Mortgage Finance Authority (505-843-6880 

RPD-41301                                  New Mexico Taxation and Revenue Department
Rev. 07/01/2021
                            AFFORDABLE HOUSING TAX CREDIT CLAIM FORM
                                                        INSTRUCTIONS
                                                                                                                       Page 4 of 4

Page 1 Instructions                                                   able housing project.  
Enter in Name of Holder, SSN or FEIN, Mailing Address, Name of 
Contact, Phone Number, and E-Mail address. Please provide all         Column C. Amount Of Credit Approved
requested information, this infomation is needed to process your      For each investment voucher, enter the value of the investment 
claim form.                                                           voucher or the transfer value if an investment voucher has been 
                                                                      transferred to you. 
Line 1. Begining and Ending Date
Enter in both the beginning and ending date of the tax year or        Column D. Total Credit Claimed In Previous Tax Years
filing period for which this credit is to be applied.                 For each credit amount listed in Column C, enter the total amount 
                                                                      of credit claimed in all tax years prior to the current tax year. 
Line 2. Tax Due
Enter the New Mexico tax due for this report period. If applying      Column E. Unused Credit
against an income tax return, enter the Net New Mexico income         For each credit, subtract the amount in Column D from the amount 
tax calculated before applying any credit.                            in Column C. 

Line 3. Credit Claimed on the Tax Return                              Column F. Applied To The Attached Return
Enter the portion of total credit available (from Schedule A) you     For each credit, enter in Column F, the amount that is applied to 
are claiming on the attached PIT-1, S-Corp, CIT-1, FID-1, TRS,        the attached New Mexico tax return. 
E911, TRD-41409, or TRD-41414 return. Do not enter more than 
the amount of Net New Mexico tax due on the return. When claim-       When calculating the amount in Column F, apply the following rules:
ing this credit against corporate or personal income tax, also at-
tach the Schedule CR, for the applicable tax program. See page 3      • Applying credits: Apply the affordable housing tax credit 
of this instructions for more information.                              in the order that they were approved. If you have both a 
                                                                        carry-forward credit and new credit derived from an ap-
Schedule A Instructions                                                 proved affordable housing investment voucher during the 
For each affordable housing  tax credit approved by the New Mexico      current tax year, apply the oldest credit against the liability 
Mortgage Finance Authority (MFA) complete a row in Schedule A.          first. List each investment voucher separately.
Do not include credits approved in a tax year that is more than six   • The maximum amount of credit claimed in a tax year. 
years prior to the tax year for which this claim is filed. Unused af-   The sum of tax credits applied to the tax due on the return 
fordable housing  tax credits may not be carried forward for more       may not exceed the tax due on the New Mexico tax return. 
than five consecutive tax years following the tax year for which 
the credit was approved. Do not include credits which have been 
claimed in full in prior tax years..

Column Instructions

Column A. Investment Voucher Number
Enter the investment voucher number (credit number) assigned 
by MFA on the investment voucher. If the credit was transferred to 
you, enter the new voucher number assigned by MFA. The person 
to whom an investment voucher is issued, the holder, may claim an 
affordable housing tax credit against certain taxes and surcharges 
imposed on the holder for the value (approved tax credit amount) 
of the investment voucher that has been issued to them. The holder 
may not claim a credit for any unused balance after five years from 
the end of the calendar year in which the investment voucher for 
the affordable housing project was originally issued, or the original 
voucher date. (See more about Transfers on page 3.)

Enter the credit number assigned by MFA on the investment 
voucher. If the voucher was transferred to you, enter the new 
voucher number assigned by MFA. 

Column B. Issue Date
For each investment voucher reported, enter the original issue 
date of the investment voucher. The original issue date is the date 
the original investment voucher was issued for an affordable hous   -
ing project approved and certified by the New Mexico Mortgage 
Finance Authority. If the investment voucher is transferred and a 
subsequent voucher number is issued, the original voucher date is 
the date that the first investment voucher is issued for that afford-