Tc-40v 7/08 - Clean Fuel Vehicle Tax Credit - Utah
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1Utah State Tax Commission
TC-40V
Clean Fuel Vehicle Tax Credit
Get forms online - tax.utah.gov
Rev. 7/08
Do not send this form with the return. Keep this form and all related documents with your records.
Utah law allows a nonrefundable credit against individual, corporation, or fiduciary tax for the purchase or conversion of a vehicle that
uses cleaner burning fuels. A separate form must be completed for each vehicle claimed. The credit may only be taken once per
vehicle and must be certified and claimed in the taxable year in which purchased or converted. If the credit exceeds the tax liability for
the year, the excess credit may be carried forward for up to five taxable years.
See additional instructions on reverse side.
NOTE: A electric-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
Telephone number
Social security number or EIN
Address
City
State and ZIP code
Vehicle Identification Number
Indicate the following:
1. The vehicle is fueled by:
Electricity
Other___________
Propane
Natural gas
The vehicle meets clean fuel vehicle standards in the federal Clean Air Act
(a vehicle manufactured
2.
Converted vehicle
Converted special mobile equipment
OEM Vehicle
to use a clean fuel)
Column B
Column C
Column A
Calculation of Clean Fuel Vehicle Credit
Conversion of
(complete applicable column)
Conversion
special mobile
OEM Vehicle
equipment
equipment
3. Incremental cost of vehicle or cost of conversion equipment
$
$
$
4.
Multiply line
3
by .50 (50%)
5. Amount of any clean fuel or clean fuel conversion grant received
6. Subtract line 5 from line 4
7. Maximum credit allowed
$3,000
$2,500
$1,000
8. Clean fuel vehicle credit (lesser of line 6 or line 7)
Column C
Column B
Worksheet to Calculate Carryover of Excess
Column A
Subtract current
Credit to Subsequent Years (if any)
year Col. B from
Credit claimed in
previous year
Carryover year
carryover year
Col. C
(subtract credit claimed
9. Carryover from original year
$
from total of line 8 above)
10. First carryover year
$
11. Second carryover year
12. Third carryover year
13. Fourth carryover year
14. Fifth carryover year
No further carryover
Part B
This section must be completed by the Division of Air Quality, Department of Environmental Quality
To the best of my knowledge and belief, the information contained in Part A above is true and correct.
Date signed
DEQ original stamp of approval (required)
DEQ authorized signature (required)
X
Title
IMPORTANT - PLEASE READ
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 801-536-4000 or fax to 801-536-0085.
IMPORTANT:
Refer to the instructions for your Income (TC-40), Corporation (TC-20 or TC-20S), or Fiduciary (TC-41) tax return
to determine the line number on which you will record this credit.
The credit code is "05" for all returns.
For further information regarding the
tax credit
, contact the Utah State Tax Commission at 801-297-2200 or if outside the
Salt Lake area 1-800-662-4335.
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