RPD-41253: RPD-41253 2021 Sustainable Building Tax Credit Notice of Transfer (Revision)
New Mexico · New Mexico TRD · Used for tax years 2024, 2025, 2026
Form TRD-41253, 2021 Sustainable Building Tax Credit Notice of Transfer, reports a transfer of this credit to the New Mexico Taxation and Revenue Department. It identifies the current and new credit holders and records the credit number, first eligible tax year, transfer date, an
Who files this form
Use Form TRD-41253 to report a sale, exchange, or other transfer of an approved 2021 Sustainable Building Tax Credit to the New Mexico Taxation and Revenue Department (Tax & Rev).
The form also covers a partnership or other business association passing the credit to its members, partners, shareholders, or beneficiaries. An original building owner that is a partnership or other business association may pass the credit to its owners by completing this form and submitting a Certificate of Eligibility.
When it's due
For the 2021 Sustainable Building Tax Credit, mail the signed notice to Tax & Rev within 10 days of a sale, exchange, or other transfer. This deadline is tied to the transfer date, not a fixed annual filing date.
What you'll need
Have these documents and details ready:
- A copy of the EMNRD Certificate of Eligibility. You must attach it to the notice.
- The credit number and first eligible tax year. The credit number may be on the Certificate of Eligibility or a previously approved TRD-41253, depending on how the current holder received the credit.
- The transfer date and credit amount being transferred.
- The current holder’s name, SSN or FEIN, contact name if applicable, phone number, and email address.
- The new holder’s name, SSN or FEIN, and mailing address.
- The new holder’s ownership percentage, if a partnership or other business association is passing the credit to an owner.
- Signatures and dates from both holders or their authorized representatives.
How to file
- Complete Section I with the credit number, first eligible tax year, transfer date, and amount transferred.
- Complete Section II with the current holder’s information and, if applicable, the new holder’s ownership percentage. Sign and date to authorize the transfer.
- Complete Section III with the new holder’s information. The new holder or authorized representative must sign and date.
- Attach a copy of the EMNRD Certificate of Eligibility.
- Mail the signed form and documentation within 10 days of the transfer to:
New Mexico Taxation and Revenue Department
Business Credit Claim Unit
P.O. Box 5418
Santa Fe, New Mexico 87502-5418
Common mistakes
- Missing signatures or dates. Both the current holder and the new holder, or their authorized representatives, must sign and date the notice.
- Leaving out the certificate. A copy of the EMNRD Certificate of Eligibility must be attached.
- Mailing late. The notice must be mailed within 10 days of the sale, exchange, or other transfer.
- Trying to transfer a used credit. Once the credit has been used, it cannot be transferred. Once a holder or owner claims the credit, the carryforward cannot be sold, exchanged, or transferred.
- Splitting a transfer between taxpayers. A credit sold, exchanged, or transferred to another taxpayer must be transferred in full. For a partnership or other business association passing the credit to owners, each owner’s share must be proportional to their ownership interest, and the total cannot exceed the holder’s credit.
Questions people ask
Does this notice also claim the credit on my taxes?
No. To claim the 2021 Sustainable Building Tax Credit, holders or owners file Form TRD-41252 with the correct Tax Credit Schedule (CR). The credit may be claimed against tax liability under the Personal Income Tax Act and the Corporate Income and Franchise Tax Act.
How do I get a Certificate of Eligibility?
The building owner may apply to the Energy, Minerals and Natural Resources Department (EMNRD) after the qualifying construction, installation, or renovation is complete. For help applying, call EMNRD at (505) 476-3372.
Can I use this form for the 2015 Sustainable Building Tax Credit?
No. The text directs holders of the 2015 Sustainable Building Tax Credit to use RPD-41384 to transfer that credit.
Where can I get help completing the transfer notice?
Call the Business Credit Claim Unit at (505) 827-0792 or email BusinessCredit.Mgr@state.nm.us.