S Corporation Franchise Or Income Tax Return And Instructions For Form Tc20s Page 24
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32This is 24.5 cents per gallon credit only for:
Instructions for Schedule E -
•
Motor fuel and undyed diesel fuel purchased in
Prepayments of any Type
Utah; and
•
Used to operate stationary farm machinery
used solely for commercial nonhighway agri-
Line 1
cultural use; and
Enter the total amount of all refunds applied from
•
That was taxed at the time of purchase.
the prior year.
Activities that DO NOT qualify for this credit in-
Line 2
clude, but are not limited to, the following:
List the date, check number and amount of exten-
• Golf courses
sion prepayment.
Line 3
• Hobbies
List the date, check number and amount of all
• Horse racing
prepayments made for the filing period. Enter the
• Boat operations
total amount on line 3. Attach additional sheet, if
• Highway seeding
necessary.
• Vehicles registered for highway use
Line 4
• Farming for personal use
Add lines 1, 2, and 3. Enter the total on this line and
on Schedule A, line 15c.
Multiply your total gallons eligible for the credit by
.245 and enter the gallon and credit amount on line
15b of your state return.
15c – Total Prepayments
A refundable credit is allowed for advance pay-
ments made as quarterly prepayments and exten-
sion payments (form TC-559). Also, include any
overpayment from the prior year applied to this
year, and include withholding prepayments made
applicable to the filing period and specify amount
paid. (See Schedule E.)
15d – Amended Returns Only
(Previous Payments)
This line should only be used for amended returns.
When filing an amended return, enter the amount
of tax paid with the original return and/or subse-
quent payments of the tax prior to filing this amended
return.
Line 16 – Overpayment
If line 15 is larger than line 14, subtract line 14 from
line 15.
Line 17 – Overpayment To Be Applied To
Next Taxable Year
As a convenience to refund filers, all or part of a
refund may be applied as an advance payment for
the next tax year. Enter amount to be applied (must
be less than or equal to refund).
Line 18 – Refund
Subtract line 17 from line 16 and enter amount on
form TC-20S, line 4.
Line 19 – Total Tax
If line 14 is larger than line 15, subtract line 15 from
line 14. Enter amount on form TC-20S, line 5.
Page 6
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