RPD-41347: RPD-41347 Application for Designation as a Qualified Intermediary (Revision 2014-10)
New Mexico · New Mexico TRD · Used for tax years 2024, 2025, 2026
Form RPD-41347 is an application for designation as a qualified intermediary for New Mexico’s Land Conservation Incentives Tax Credit. It collects the applicant’s contact information and a sworn, notarized statement that the applicant meets the requirements to report transfers of
Who files this form
A person eligible for certification as a qualified intermediary for the Land Conservation Incentives Tax Credit must use Form RPD-41347 to apply. Qualified intermediaries may report transfers of approved credits to other taxpayers.
A qualified intermediary must not:
- Have been convicted of a felony.
- Have had a professional license revoked.
- Be practicing as a certified public accountant as defined in Section 61-28B-3 NMSA 1978.
- Be a real estate broker or another person identified in Section 61-29-2 NMSA 1978.
- Be an entity owned wholly or partly by any of those persons.
- Employ any of those persons.
What you'll need
The application asks for the qualified intermediary’s:
- Name and phone number.
- Mailing address, including city, state and ZIP code.
- Email address.
- Signature and date.
The application must be notarized. It includes spaces for the notary’s statement, signature and commission expiration.
How to file
Complete, sign and notarize the application before reporting a credit transfer to the Taxation and Revenue Department.
Mail it to:
New Mexico Taxation and Revenue Department
PIT Edit Error
P.O. Box 5418
Santa Fe, New Mexico 87504-5418
When a credit is transferred, the qualified intermediary must notify the department of the transfer and its date through a sworn, notarized statement within ten days of the transfer.
Common mistakes
- Reporting a credit transfer before the application has been signed and notarized. The form requires both steps first.
- Signing without meeting the eligibility requirements. Your signature attests that none of the listed disqualifications apply.
- Signing without checking the information and attachments. The sworn statement declares, under penalty of perjury, that they are true, correct and complete to the best of your knowledge and belief.
Questions people ask
What does designation as a qualified intermediary allow me to do?
Qualified intermediaries may report transfers of approved Land Conservation Incentives Tax Credits to other taxpayers to the Taxation and Revenue Department.
Is there a minimum amount for a credit transfer?
Credits may only be transferred in increments of $10,000 or more.
What credit records must a qualified intermediary keep?
The qualified intermediary must keep an account of the credits and have authority to issue sub-numbers registered with the department and traceable to the original credit.
Where can I get help completing this form?
Call (505) 827-0792 for assistance.