PDF document
- 1 -
RPD-41243
Rev. 09/13/2016 
                          State of New Mexico - Taxation and Revenue Department
                          RURAL JOB TAX CREDIT CLAIM FORM

PURPOSE OF THIS FORM: When claiming an approved Rural Job Tax Credit, this form must accompany the CRS-1, per-
sonal income tax or corporate income tax return to which the taxpayer wishes to apply the credit. The holder of the credit 
may apply all or a portion of the Rural Job Tax Credit to their gross receipts tax less any taxes collected with respect to local 
option gross receipts taxes, compensating tax, and withholding taxes due, less the amount of any credit other than the Rural 
Job Tax Credit applied. When computing the amount of technology jobs and research and development tax credit that can 
be claimed against gross receipts tax, multiply the gross receipts by 3.9% if the location code reported is a municipality, and 
5.125% if the location code is anywhere else within or outside New Mexico.
The holder may also apply the credit to his personal or corporate income tax liability. If a pass-through entity (PTE) is a 
holder of a credit, the PTE may pass the credit to its owners so that the owners may claim the credit against their corporate 
or personal income tax liabilities. Use Form RPD-41365, Notice of Transfer of Rural Job Tax Credit, to report to Taxation 
and Revenue Department a distribution of approved Rural Job Tax Credit to the owners, members or partners of a PTE. The 
credit claim can be carried forward for a period of three years from the date the credit is issued. Any amount of credit not 
claimed for a reporting period may be claimed in subsequent reporting periods. The original holder is the business to whom 
the credit has been approved. When the credit is transferred to a new holder, notification to the New Mexico Taxation and 
Revenue Department must be made within ten days of the transfer.
To claim the credit, attach this completed form to the return on which you wish to apply the credit on 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 and any applicable payments to the tax 
return and mail to the address on the return.  For assistance claiming your approved 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

CRS identification number            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 New Mexico tax less any local option gross receipts tax due on this return. 
   If applying against an income tax return, enter the Net New Mexico income tax calcu-
   lated before applying any credit. 

                                                                                                                                    3.
3.  Enter the portion of total credit available (from Schedule A) claimed on your current                                                                                 $
   New Mexico CRS, PIT-1, CIT-1, S-Corp or FID-1 tax return. Do not enter more than the 
   amount of Net New Mexico tax due. The credit used may not exceed the amount of tax 
   otherwise due. 

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



- 2 -
RPD-41243
Rev. 09/13/2016 
                    State of New Mexico - Taxation and Revenue Department
                    RURAL JOB TAX CREDIT CLAIM FORM
                                     Schedule A
Once the Rural Job Tax Credit is approved, complete and attach Form RPD-41243, Rural Job Tax Credit Claim Form, includ-
ing Schedule A, to your New Mexico tax return. If claiming the credit against income taxes, also attach the applicable tax 
credit Schedule PIT-CR, CIT-CR, S-Corp-CR or FID-CR. 
         (a)    (b)              (c)                 (d) Credit previously     (e)                   (f) 
Credit number   Date of approval Amount of credit    claimed               Unused credit [(c) - (d)] Applied to the attached 
                                 approved                                                            return

                                                     TOTAL credit available
                                                     Enter the sum of column (f) here and on 
                                                     line 3 of Form RPD-41243.



- 3 -
RPD-41243
Rev. 09/13/2016 
                             State of New Mexico - Taxation and Revenue Department
                               RURAL JOB TAX CREDIT CLAIM FORM
                                                 Instructions
                                             Schedule A Instructions
For each Rural Job Tax Credit approved, complete a row in Schedule A. Do not include credits which have been claimed in full..

                                             COLUMN INSTRUCTIONS
(a) Credit number.  Enter the credit number assigned by the Taxation and Revenue Department on your approval docu-
mentation.
(b) Date of approval. Enter the date of the Department's approval for the credit from your approval documentation.
(c) Amount of credit approved. For each credit, enter the amount of credit approved.
(d) Credit previously claimed. For each credit, enter the total amount of credit claimed in all tax years prior to the current 
tax year.  
(e) Unused credit. For each credit, subtract the amount in column (d) from the amount in column (c). 
(f) Applied to the attached return. For each credit, enter in column (f) the amount that is applied to the attached New 
Mexico tax return. 

When calculating the amount in column (f), apply the following rules:

  Applying credits: Apply rural job tax credits in the order that they were approved. 

  The maximum amount of credit claimed in a tax year. The sum of tax credits applied to the tax due on the return may 
    not exceed the tax due on the New Mexico tax return.

                                                          

                NOTE:  Failure to attach this form and other required attachments to your New Mexico tax return
                                              will result in denial of the credit.






PDF file checksum: 373736672

(Plugin #1/9.12/13.0)