New Mexico Administrative Code › Title 3 - TAXATION › Chapter 13 - BUSINESS TAX CREDITS › Part 21 - BIODIESEL BLENDING FACILITY TAX CREDIT › Section 3.13.21.9 - CERTIFICATE OF ELIGIBILITY APPLICATION

Current through Register Vol. 35, No. 13, July 16, 2024
A. An applicant may obtain a certificate of
				eligibility application form from the department.
B. An application package shall include a
				completed certificate of eligibility application form and attachments as
				specified on the certificate of eligibility application form. The applicant
				shall submit the completed certificate of eligibility application form and
				required attachments at the same time. An applicant shall submit one
				certificate of eligibility application for each biodiesel blending facility.
				The applicant shall submit all material submitted in the application package on
				8½ inch by 11 inch paper.
C.
				An applicant shall submit a complete application package to the department no
				later than 90 days before the end of taxable year for which the applicant seeks
				the biodiesel blending facility tax credit to allow time for approval and
				issuance of an approved certificate of eligibility. The department reviews
				application packages it receives after that date for the subsequent taxable
				year.
D. The completed certificate
				of eligibility application shall consist of the following information:
(1) taxpayer information, including the
				applicant's name, mailing address, telephone number, biodiesel blending
				facility tax credit's taxable year or years and CRS or taxpayer identification
				number;
(2) blending equipment
				information, including project location with county and legal description,
				blending equipment type (splash or injection), blending equipment description,
				blending equipment cost, blending equipment installation cost and date on which
				the biodiesel blending equipment and facility went into operation;
(3) proof of ownership of the rack, design
				schematic, equipment specifications and serial numbers, photographs,
				installation/construction documents, storage and blending capacities,
				description of operation, construction permit and environmental protection
				agency related plans with engineer's stamp and final inspection
				report;
(4) evidence of purchase of
				equipment and installation including receipts and invoices; and
(5) applicant agreement stating that the
				taxpayer agrees that all information in the application packet is true and
				correct to the best of the applicant's knowledge, that the applicant has read
				the certification requirements of 3.13.21 NMAC, that the applicant understands
				that there is an annual aggregate biodiesel blending facility tax credit limit,
				that the department must certify the biodiesel blending facility documented in
				the application package is eligible for the biodiesel blending facility tax
				credit and that the applicant allows the department or its authorized
				representative to inspect the biodiesel blending facility that is described in
				the application package from the application package's submittal to three years
				after the department has certified the biodiesel blending facility upon the
				department providing a minimum of five days notice to the applicant.