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RPD-41329 State of New Mexico - Taxation and Revenue Department
Rev. 04/11/2016
SUSTAINABLE BUILDING TAX CREDIT
CLAIM FORM
Purpose of This Form. Once you have received your approved RPD-41327, Sustainable Building Tax Credit Approval, you
can apply your sustainable building tax credit to personal or corporate income tax due by submitting Form RPD-41329, Sus-
tainable Building Tax Credit Claim Form, with Form PIT-1, CIT-1, S-Corp, or FID-1 for the tax year to which you are applying
the credit. You may carry forward excess sustainable building tax credit for seven tax years from the tax year for which the
credit or portion of credit was approved. See RPD-41327 instructions for more information on this tax credit.

Sign, date, and attach this form to your return and mail to the address on the New Mexico income tax return. To obtain the cer-
tificate of eligibility for the credit, contact the Energy Conservation and Management Division at (505) 476-3320 or visit www.
emnrd.state.nm.us/ecmd. For help completing this form, obtaining TRD approval, or claiming the credit, call (505) 827-0792.

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.
2. Enter the net New Mexico Income tax calculated before applying any credit.

3. Enter the portion of total credit available (from Schedule A) claimed on your New Mexico
personal, corporate or fiduciary income tax return. Do not enter more than the amount
of net New Mexico personal, corporate or fiduciary income tax due. In a tax year, the
credit used may not exceed the amount of income tax otherwise due. Also attach a 3.
completed Schedule CR for the applicable tax return.

You must first apply the credit approved for the current tax year. If your tax due exceeds the amount of credit approved in
the current tax year, you may apply excess credit available for carryforward from prior years. When applying excess credit
approved on prior year returns, apply the credit with the oldest approval date first.

The sustainable building tax credit may be deducted either from the claimant’s New Mexico personal or corporate income
tax liability.

IMPORTANT: Failure to attach this signed form to your New Mexico personal or corporate income tax return results
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-41329      State of New Mexico  -  Taxation and Revenue Department
Rev. 04/11/2016
                   SUSTAINABLE BUILDING TAX CREDIT
                                           CLAIM FORM
                                           Schedule A
Complete and attach Form RPD-41329,    Sustainable Building Tax Credit Claim Form, including Schedule A, to your New 
Mexico income tax return along with the tax credit Schedule CR for the tax program you are applying the credit towards. 

(a)            (b)                     (c)              (d)                       (e)                   (f) 
Credit number  First eligible tax year Amount of credit Total credit claimed  Unused credit [(c) - (d)] Applied to the attached 
                                       approved         in previous tax years                           return

                                                        TOTAL credit applied
                                                        Enter the sum of column (f) here and on 
                                                        line 3 of Form RPD-41329, page 1.

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RPD-41329             State of New Mexico  -  Taxation and Revenue Department
Rev. 04/11/2016
                                  SUSTAINABLE BUILDING TAX CREDIT                                       Page 1 of 3
                                                CLAIM FORM

ABOUT THIS CREDIT                                              new sustainable building tax credit is available for the 
The purpose of the sustainable building tax credit is to       construction in New Mexico of a sustainable building, 
encourage the construction of sustainable buildings            the renovation of an existing building in New Mexico into 
and the renovation of existing buildings into sustainable      a sustainable building, or for the permanent installation 
buildings. For tax years ending on or before December 31,      of manufactured housing in New Mexico, regardless of 
2016, the sustainable building tax credit is available for the where the housing is manufactured, that is a sustainable 
construction in New Mexico of a sustainable building, for      building. See From RPD-41382, New Sustainable Building 
the renovation of an existing building in New Mexico into      Tax Credit Approval, for details, and Form RPD-41383, for 
a sustainable building, or for the permanent installation      claiming the credit.
of manufactured housing in New Mexico, regardless of 
where the housing is manufactured, that is a sustainable       Sale, Exchange, or Transfer of the Tax Credit
building.                                                      When a holder or owner receives TRD approval, the credit 
                                                               may be sold, exchanged, or otherwise transferred. Form 
For  tax  years  beginning  on  or  after  January  1,  2017,  RPD-41342,  Notice of Transfer of Sustainable Building 
but ending on or before December 31, 2026, the new             Tax Credit, must be used to report to TRD a transfer of 
sustainable building tax credit is available for the           approved sustainable building tax credit. Notice must be 
construction in New Mexico of a sustainable building,          provided to TRD within 10 days of a sale, exchange, or 
the renovation of an existing building in New Mexico into      other transfer. TRD issues the new holder an approval for 
a sustainable building, or for the permanent installation      the credit transfer, a new credit number, and instructions 
of manufactured housing in New Mexico, regardless of           for applying the credit to ncome tax due.
where the housing is manufactured, that is a sustainable 
building. See From RPD-41382, New Sustainable Building         The amount of the credit allowed to a holder who sells, 
Tax Credit Approval, for details.                              exchanges or transfers their credit to another taxpayer, 
                                                               may not be split or divided between taxpayers. The total 
The credit is available to the building owner of residential   amount of credit allowed, as shown on the TRD-approved 
and commercial buildings, after the construction,              document provided to the holder, must either be claimed 
installation, or renovation of the sustainable building is     or otherwise transferred by the holder. The TRD-approved 
complete.                                                      document will be either Form RPD-41327,  Sustainable 
                                                               Building Tax Credit Approval, or a TRD-approved Form 
To be eligible, the building owner must obtain a certificate   RPD-41342,  Notice of Transfer of Sustainable Building 
of eligibility issued by the Energy, Minerals and Natural      Tax Credit, depending on the how the previous holder 
Resources  Department  (EMNRD),  and  then  obtain             received TRD approval for the credit.
approval from the New Mexico Taxation and Revenue 
Department (TRD). To claim the credit, the taxpayer must       If, however, the holder is a partnership or other business 
submit Form RPD-41329 with the taxpayer’s income tax           association that passes the credit to its owners, each 
return.                                                        owner may claim a credit only in proportion to that owner’s 
                                                               interest in the partnership or other business association. 
See the instructions for Form RPD-41327, Sustainable           The total credit claimed by all owners may not exceed 
Building Tax Credit Approval, for more details.                the amount of the credit that could have been claimed 
                                                               by the holder.  
Tax Credit Forms
The following list shows all the forms for sustainable         Note: Once a credit is claimed by a holder or owner, 
building tax credits:                                          the carryforward may not be further sold, exchanged or 
• RPD-41327, Sustainable Building Tax Credit Approval          transferred.
• RPD-41329,   Sustainable Building Tax Credit Claim 
  Form                                                         An  original  building  owner  that  is  a  partnership  or  other 
• RPD-41342, Notice of Transfer of Sustainable Building        business association may pass TRD-approved credit to its 
  Tax Credit                                                   owners, by completing Sections I and II of Form RPD-41327, 
                                                               Sustainable Building Tax Credit Approval, and submitting a 
Using the Correct Tax Credit Forms                             Form RPD-41327 for each owner. 
For  tax  years  beginning  on  or  after  January  1,  2017, 
but  ending  on  or  before  December  31,  2026,  the

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RPD-41329 State of New Mexico - Taxation and Revenue Department
Rev. 04/11/2016
SUSTAINABLE BUILDING TAX CREDIT Page 2 of 3
CLAIM FORM

How You Can Claim the Approved Credit
Holders or owners can claim the approved sustainable Line 2. Enter the net New Mexico income tax calculated
building tax credit against their personal, corporate or before applying any credit. Calculate the Net New
fiduciary income tax liability for the tax year subject to the Mexico income tax using the instructions on the
rules described next. If the amount of the credit available in form without subtracting any credits, from any
a tax year exceeds the liability for that tax year, holders or source.
owners can carryforward the excess for up to seven years.
Complete Schedule A, using the instructions in the next
The holder or owner must first claim the credit in the year section.
they are eligible to claim the credit or the portion of the
credit before the carryforward can be claimed. This is true Line 3. Enter the total credit to be applied to the net New
even if no tax is due. Mexico income tax, from Schedule A, column (f).
The amount entered on line 3, cannot exceed the
Effective January 1, 2014, if the total approved amount of net New Mexico income tax entered on line 2.
all sustainable building tax credits in a tax year is: Additionally, all credits, from any source, may not
• $100,000 or more, 25% of the total credit amount is exceed the Net New Mexico income tax entered
applied against the holder’s personal or corporate on line 2.
income tax liability in the tax year in which the credit
is approved, and 25% in each of the next three Sign, date and attach this form to your New Mexico income
subsequent tax years. tax return. Also, complete and attach the Schedule CR
for your return.
• Less than $100,000, a maximum of $25,000 is
applied against the holder’s personal or corporate
Schedule A Instructions
income tax liability for the tax year in which the credit
For each sustainable building tax credit approved by TRD,
is approved, and a maximum of $25,000 for the next
complete a row in Schedule A. Do not include credits that
three subsequent tax years as needed until the total
have expired or that have not been claimed in the tax year
credit is applied.
for which the credit has been approved to be applied.

Prior to January 1, 2014, if the amount of the sustainable Column Instructions
building tax credit represented by TRD approval is $25,000 (a) Credit number. Enter the credit number assigned by
or more, the credit must be applied for the tax year in which the Taxation and Revenue Department (TRD) for each
the credit is approved and for the next three subsequent sustainable building tax credit approved by TRD. The
tax years, in increments of 25% of the total credit amount in credit number is provided on Form RPD-41327, Sus-
each of the four tax years. If the amount of the sustainable tainable Building Tax Credit Approval. If the credit was
building tax credit approved by TRD is less than $25,000, transferred to you, enter the new credit number assigned
the entire amount of the credit may be applied in the tax by TRD on Form RPD-41342, Notice of Transfer of Sus-
year in which the credit is approved. tainable Building Tax Credit.

In all cases, you may carryforward any excess from a Do not enter a credit if the credit was not approved by
credit that has been claimed for up to seven years. Married TRD or if the credit is no longer available for carryforward.
individuals who file separate returns for a tax year in which Excess sustainable building tax credits may only be car-
they could have filed a joint return may each claim only ried forward for seven years following the tax year that
one-half of the sustainable building credit that would have the allowable credit is first claimed.
been allowed on a joint return.
(b) First eligible tax year. Enter the first eligible tax year
Completing Form RPD-41329 the sustainable building tax credit can be claimed, as in-
Complete the name, address, SSN or FEIN and contact dicated on the certificate of eligibility issued by EMNRD,
information of the owner or the holder claiming the credit. or on RPD-41327, Sustainable Building Tax Credit Ap-
proval, or RPD-41342, Notice of Transfer of Sustainable
Line 1. Enter the beginning and ending date of the tax Building Tax Credit.
year for the New Mexico income tax return on
which you are claiming a credit or carryforward (c) Amount of credit approved. For each credit, enter
of a previously claimed credit.

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RPD-41329              State of New Mexico  -  Taxation and Revenue Department
Rev. 04/11/2016
                            SUSTAINABLE BUILDING TAX CREDIT
                                                 CLAIM FORM                                Page 3 of 3

the amount approved by TRD, as indicated on Forms           • Applying credits: Apply the sustainable building 
RPD-41327,     Sustainable Building Tax Credit Approval,      tax credit that was approved for the current tax year 
or RPD-41342, Notice of Transfer of Sustainable Building      first. If additional tax is due for the current tax year, 
Tax Credit.                                                   you may apply credit available for carryforward 
                                                              from prior year claims. Excess credit available for 
(d)  Total  credit  claimed  in  previous  tax  years.  For   carryforward from prior year claims, should be ap-
each credit amount listed, enter the total amount of credit   plied in the order that they were approved, applying 
claimed in all tax years prior to the current tax year.       older credits first.

(e) Unused credit. For each credit, subtract the amount     • The maximum amount of credit claimed in a tax 
in column (d) from the amount in column (c).                  year. The sum of tax credits applied to the tax due 
                                                              on the return may not exceed the net New Mexico 
(f) Applied to the attached return. For each credit, enter    income tax claimed on the New Mexico income 
in column (f) the amount that is applied to the New Mexico    tax return. 
income tax return to which you wish to claim the credit.
When calculating the amount in column (f), apply the fol-
lowing rules:

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