Fillable Montana Form Afcr - Alternative Fuel Credit

2007 Alternative Fuel Credit

MONTANA

Clear Form

15-30-164, MCA

AFCR

Rev. 11-07

Name (as it appears on your tax return) __________________________________________

Your Social Security Number or Federal Employer Identiﬁ cation Number ________________

If this credit is a pass-through to you from a partnership or S corporation, please enter the name, FEIN and your percent-

age of ownership in the partnership or S corporation.

Name ___________________________________ FEIN ___________________% of Ownership ____________

Please complete this form to calculate your credit. Complete a separate Montana Form AFCR for each vehicle that you

converted.

Year and make of vehicle: ________________________Date conversion completed: ______________

Alternative fuel type: ________________________

Gross vehicle weight: ______________

1. Enter your cost of the conversion here .............................................................................................. 1. _____________

2. Multiply the amount on line 1 by .50 (50%) and enter the result here ................................................ 2. _____________

3. If your gross vehicle weight is 10,000 pounds or less, enter $500 here;

If your gross vehicle weight is more than 10,000 pounds enter $1,000 here ..................................... 3. _____________

4. Enter the smaller of line 2 or line 3. This is your allowable alternative fuel credit for this

vehicle ............................................................................................................................................... 4. _____________

5. Add the amount on line 4 for each Form AFCR that you submit and enter the result here. This is

your total alternative fuel credit ..................................................................................................... 5. _____________

Enter the amount from line 5 above on Form 2, Schedule V, line 5 if you are an individual.

Enter the amount from line 5 above on Form CLT-4, Schedule C, line 10 if you are a C corporation.

Enter the amount from line 5 above on Form PR-1, Schedule II, line 7 if you are a Partnership.

Enter the amount from line 5 above on Form CLT-4S, Schedule II, line 7 if you are an S corporation.

General Instructions

Deﬁ nitions

When the conversion is made by your S corporation

or partnership, remember to complete the information

“Alternative Fuel” means natural gas, liqueﬁ ed petroleum

above that identiﬁ es the entity’s name, federal employer

gas, liqueﬁ ed natural gas, hydrogen, electricity or any other

identiﬁ cation number and your percentage of ownership.

fuel if at least .85 (85%) of the fuel is methanol, ethanol or

other alcohol, ether, or any combination of these.

Can I carry any of my excess alternative fuel credit

back to a prior year or forward to a subsequent year?

Who can claim this credit?

No, you cannot. Your credit cannot exceed your tax liability.

An individual, corporation, partnership or small business

You cannot carry back or carry forward any of your unused

corporation that converts a vehicle that is licensed in

credit. Your credit will only apply in the year that you

Montana, from operating on gasoline to operating on an

convert your vehicle to operate on an alternative fuel.

alternative fuel.

What information do I have to include with my return

How do I claim my alternative fuel credit when I

when I claim this credit?

am a partner or shareholder in a partnership or S

corporation?

When you claim this credit, please attach a copy of

Montana Form AFCR to your individual income tax or

When the partnership or S corporation converts a vehicle

corporate license tax return. If you are an S corporation or

to operate on an alternative fuel, the entity will report the

a partnership and are claiming this credit, attach Montana

credit on its informational tax return and provide you with

Form AFCR to your Montana information return Form CLT-

information about your share of the credit.

4S or PR-1 and include a separate statement identifying

Your share of the alternative fuel credit that is passed

each owner and their proportionate share of this credit.

through to you by the S corporation or partnership is based

Questions? Please call us at (406) 444-6900 or TDD

on the same proportion used by you to report your income

(406) 444-2830 for hearing impaired.

and loss for Montana tax purposes.

108

When you ﬁ le your Montana income tax return electronically, you represent that you have retained all documents

required as a tax record and that you will provide a copy to the department upon request.

Montana Form Afcr - Alternative Fuel Credit - 2007

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