S Corporation Franchise Or Income Tax Return And Instructions For Form Tc20s Page 29
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32efficiency furnaces, that do not contain a renewable
To obtain form TC-40V, approval, or for additional
component, do not qualify.
information, contact:
Department of Environmental Quality
To determine if your system or system components
and installation qualify for the tax credit you must
Division of Air Quality
submit a written application, complete with signa-
150 N 1950 W
tures and photocopies of receipts, to the Utah
Salt Lake City, UT 84114-4820
Office of Energy and Resource Planning (OERP).
Telephone: (801) 536-4000
Application forms can be obtained from:
(06) Historic Preservation Tax Credit
(UCA §59-10-108.5)
Utah Office of Energy and Resource Planning
1594 W North Temple, Suite 3610
Complete and attach form TC-40H, “Historic Pres-
Box 146480
ervation Tax Credit” with the State Historic Preser-
Salt Lake City, UT 84114-6480
vation Office certification, verifying the credit has
Telephone: (801) 538-5428.
been approved.
If your system meets the eligibility requirements,
This is a credit for costs incurred in connection with
you will receive form TC-40E, with information on
qualified rehabilitation of any residential certified
your eligible system and installation costs and the
historic building. If qualified rehabilitation expendi-
OERP stamp of approval.
tures exceed $10,000, a credit of 20 percent of the
total expenditures is allowed. Unused credits may
(04) Clean Fuel Alternative Tax Credit
be carried forward five years as a credit against
(UCA §59-10-128)
Utah tax due.
Complete and attach form TC-40F, “Clean Fuel
To obtain form TC-40H, certification, and for addi-
Alternative Tax Credit” with the Utah Energy Office
tional information, contact:
seal, verifying the credit has been approved.
State Historic Preservation Office
To qualify you must have purchased and installed EPA
300 Rio Grande
certified pellet burning stoves, high mass wood stoves,
Salt Lake City, UT 84101
solid fuel burning devices, and natural gas or propane
Telephone: (801) 533-3563.
free standing fireplaces or inserts. The credit is limited
to $50 or 10 percent of the total of the purchase cost
(07) Enterprise Zone Credit (UCA §9-2-413)
and installation costs, whichever is less.
There is no form for this credit. Retain documenta-
To obtain form TC-40F, certification, and for addi-
tion to support this credit.
tional information, contact:
For businesses to qualify for the enterprise zone
Department of Environmental Quality
tax credit, at least 51 percent of the employees
Division of Air Quality
employed by the business located in the enterprise
150 N 1950 W
zone, must reside in the county in which the
Salt Lake City, UT 84114-4820
enterprise zone is located.
Telephone: (801) 536-4000
•
Businesses engaged in retail trade or public
(05) Clean Fuel Vehicle Tax Credit
utilities are not eligible for the enterprise zone
(UCA §59-10-127)
tax credit.
Complete and attach form TC-40V, “Clean Fuel
•
Construction jobs are not eligible for the tax
Vehicle Tax Credit,” with the Division of Air Quality
credits in paragraphs 1 through 4 below.
approval stamp, verifying the credit has been ap-
The following state tax credits are applicable to
proved.
qualifying businesses in an enterprise zone.
The following credits are available:
1. A credit of $750 for each new full-time position
•
20 percent, to a maximum of $500 per vehicle
filled for not less than six months during a tax
year.
for purchases of new vehicles that are fueled by
propane, natural gas, or electricity and are
2. An additional $500 tax credit if the new position
registered in Utah for the first time;
pays at least 125 percent of the county average
•
20 percent, to a maximum of $400 of the cost of
monthly nonagricultural payroll wage for the
equipment for conversion of a Utah registered
respective industry as determined by the De-
vehicle to be fueled by propane, natural gas, or
partment of Workforce Services. If this informa-
electricity; or
tion is not available, the job must pay at least
125 percent of the total average monthly nona-
•
20 percent, to a maximum of $500 of the cost of
gricultural payroll wage in the respective county
equipment for conversion of a special fuel
where the enterprise is located.
mobile equipment engine to be fueled by pro-
pane, natural gas, or electricity.
Page 11
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