Free 2006 Utah Clean Fuel Vehicle Tax Credit, TC-40V - Utah


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Date: October 20, 2006
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State: Utah
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Clean Fuel Vehicle Tax Credit

TC-40V
Rev. 7/06

Do not send this form with the return. Keep this form and all related documents with your records. You must complete a new form each year you claim a carryforward credit. Taxpayers may claim a nonrefundable credit on their individual income tax, corporate franchise tax or fiduciary tax returns for the purchase or conversion of vehicles that use cleaner burning fuels. A separate form must be completed for each vehicle claimed. The credit may only be taken once per vehicle. It must be certified and claimed in the taxable year in which the item is purchased or converted. If the credit claimed exceeds the tax liability for a taxable year, the credit that exceeds the liability may be carried forward for up to five taxable years. See instructions on reverse side.

NOTE: A hybrid vehicle does not qualify for the clean fuel vehicle credit for tax years beginning after 2005.
Part A - This section must be completed by the taxpayer
Taxpayer's name Address Vehicle Identification Number Telephone number City Social security number or EIN State and ZIP code

Part B - This section must be completed by the Division of Air Quality, Department of Environmental Quality
Indicate the following: 1. The vehicle is fueled by (check all that apply): 2. 3. Propane Gasoline Natural gas Diesel Electricity Other___________; or

The vehicle meets clean fuel vehicle standards in the federal Clean Air Act Converted vehicle

(a vehicle manufactured OEM Vehicle to use a clean fuel)

Converted special mobile equipment

Certification by the Division of Air Quality, Department of Environmental Quality
I certify to the best of my knowledge and belief the information contained in Parts A and B above are true and complete. Date signed DEQ original stamp of approval (required) Authorized signature (required) X Title

Part C - This section must be completed by the taxpayer
Amount of qualifying expenditures $ Amount of credit claimed (See General Instructions on reverse side for credit limitations) $

IMPORTANT - PLEASE READ Refer to the instructions for your INCOME TAX (TC-40), CORPORATE TAX (TC-20 or TC-20S), or FIDUCIARY TAX (TC-41) return to determine the line number on which you will record this credit. The credit code is "05" for all returns. The Air Quality certification signature may be obtained by mailing or presenting this form with the required documentation to Division of Air Quality, 150 North 1950 West, SLC, UT 84116, telephone (801) 536-4026.
For further information regarding the tax credit, contact the Utah State Tax Commission at (801) 297-2200 or 1-800-662-4335, outside the Salt Lake area. Americans with Disabilities Act accommodations: For tax information, contact the Tax Commission at (801) 297-3811 (TDD 297-2020). Please allow three working days for a response.

The credit may only be taken once per vehicle. It must be certified and claimed in the taxable year in which the item is purchased or converted. NOTE: An electric-hybrid vehicle does not qualify for the clean fuel vehicle credit for tax years beginning after 2005. Taxpayers may claim a nonrefundable tax credit against state individual income tax, corporate franchise tax or fiduciary tax as follows: OEM Vehicles The credit allowed is 50 percent of the incremental cost* of a new vehicle minus any grant received, up to a maximum credit of $3,000 per vehicle registered in Utah if: 1. It is fueled by propane, natural gas, or electricity; 2. It is fueled by another fuel determined by the Air Quality Board to be as effective as the above listed fuels; or 3. It meets the clean fuel vehicle standards in the Clean Air Act. *Incremental cost is the difference between the cost of a new vehicle and the cost of the same model without the clean fuel system. Converted Vehicles The credit allowed is 50 percent of the cost of equipment for conversion minus any grant received, up to a maximum credit of $2,500 per vehicle registered in Utah if: 1. It is to be fueled by propane, natural gas, or electricity; 2. It is to be fueled by another fuel determined by the Air Quality Board to be as effective as the above listed fuels; or 3. It will meet the clean fuel vehicle standards in the Clean Air Act. Converted Special Fuel Mobile Equipment Engines The credit allowed is 50 percent of the cost of equipment for conversion of special mobile equipment engine minus any grant received, up to a maximum credit of $1,000 per special mobile equipment engine, if: 1. It is to be fueled by propane, natural gas, or electricity; or 2. It is to be fueled by another fuel determined by the Air Quality Board to be as effective as the above listed fuels or substantially more effective in reducing air pollution than the fuel for which the engine was originally designed. Procedures 1. If you have purchased a qualifying vehicle or converted a vehicle or special mobile equipment engine, submit the required documentation with this completed form to the Division of Air Quality at the address on the form. Complete information for obtaining clean fuel vehicle certification is located in the Utah Air Quality Rules as follows: R307-121-4: Proof of Purchase for OEM vehicle R307-121-5: Proof of Purchase for Vehicle Converted to Alternative Fuels R307-121-6: Procedures for Obtaining Certification by the Board for Special Mobile Equipment R307-121-7: Procedures for Obtaining Certification by the Board for Fuel Conversion Systems 2. The Division of Air Quality will complete Part B. The credit is not valid unless an authorized signature and certification stamp are present. 3. Write the amount of qualifying expenditures and credit claimed in the spaces provided in Section C. 4. Refer to the return instructions to determine the line number on which to record this credit. The credit code is "05" for all returns. 5. Do not send this form with your return. Keep this form and all related documents with your records. You must complete a new form each year you claim a carryforward credit.