Form 328 - 2001 Neighborhood Electric Vehicle (Nev) Credit Arizona printable pdf download

2001 Neighborhood Electric

Arizona Form

Vehicle (NEV) Credit

328

•

NOTE:

There may be a compliance audit when the

A taxpayer that takes a credit for a NEV purchased or

department processes this credit form. This will cause a

leased on or after July 1, 2000, cannot use that vehicle

longer than normal processing time for your return.

on a golf course for other than maintenance purposes. If

the vehicle is used, at any time, on a golf course for

Phone Numbers

other than maintenance, the entire credit is subject to

recapture and the taxpayer will also be subject to a civil

If you have questions, please call one of the following numbers:

fine of $1,000.

Phoenix

(602) 255-3381

From area codes 520 & 928 toll-free

(800) 352-4090

Credit Recapture

Form orders

(602) 542-4260

Forms by Fax

(602) 542-3756

The department is required to disallow the credit or

Recorded Tax Information

recapture the credit if any of the following occur:

Phoenix

(602) 542-1991

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The taxpayer transfers the vehicle to any person, other

From area codes 520 & 928 toll-free

(800) 845-8192

than a member of the taxpayer’s immediate family or a

Hearing impaired TDD user

person who resides in the same household as the taxpayer,

Phoenix

(602) 542-4021

within 36 months after the initial registration of the

From area codes 520 & 928 toll-free

(800) 397-0256

vehicle. The recapture will not apply if the vehicle is

You may also visit our web site at:

transferred because the vehicle is demolished or if the

taxpayer dies before the end of the 36-month period.

Credit Provisions

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The vehicle is registered in Arizona for less than 36 months.

For 2001 calendar year basis taxpayers, the following applies:

If any of the above occurs, the department must calculate the

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You may not take a credit for purchasing or leasing a

recapture as follows:

used NEV.

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If the date of the event that causes the recapture is within the

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The credit for purchasing or leasing a new NEV is 50

first full year after the vehicle is placed in service, 100%.

percent of the cost of the NEV, or $1,000, whichever

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If the date of the event that causes the recapture is within the

is more. However, the total amount allowed for a

credit cannot be more than the cost of the vehicle.

second full year after the vehicle is placed in service, 66 2/3%.

•

If the date of the event that causes the recapture is within the

This tax credit cannot be claimed for any taxable year

third full year after the vehicle is placed in service, 33 1/3%.

ending after December 31, 2001.

In addition to the above, if a taxpayer takes a credit for a

Eligibility Requirements

NEV purchased on or after July 1, 2000, and then uses that

vehicle on a golf course, at any time, for purposes other than

To be eligible for a NEV credit, all of the following must apply:

maintenance, the entire credit is subject to recapture. The

•

You must have placed the order to lease or purchase the

taxpayer will also be subject to a civil fine of $1,000.

vehicle before October 20, 2000.

Purchases made,

Equitable Relief

orders placed, or contracts entered into after October 19,

2000 are not eligible for a credit.

If the taxpayer transfers the vehicle to any person, other than a

member of the taxpayer’s immediate family or a person who

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You must have filed State of Arizona Form, Notice of

resides in the same household as the taxpayer, within 36 months

Intent to Claim Alternative Fuel Tax Credit or Opt Out

after the initial registration of the vehicle or if the vehicle is

Payment, or State of Arizona Form, Notice of Intent to

registered in Arizona for less than 36 months, you may be

Claim Alternative Fuel Tax Credit for Neighborhood

eligible for equitable relief if both of the following apply:

Electric Vehicle, to the Office of Alternative Fuel

You were unable to meet either of the above

Recovery/Department of Revenue by January 2, 2001.

requirements due to circumstances that would make the

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The taxpayer must have paid in full for the vehicle

requirement unfair or inequitable to you; and

before December 1, 2000.

You acted in good faith.

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The taxpayer cannot transfer the vehicle to any person,

See Department of Revenue general tax procedure, GTP 01-02

other than a member of the taxpayer’s immediate family or

for more information about equitable relief.

a person who resides in the same household as the taxpayer,

You may apply for equitable relief when you claim the credit.

for 36 months after the initial registration of the vehicle.

Use Form AFV-RR, Request for Relief From Alternative Fuel

Vehicle Requirements, to apply for equitable relief. If you apply

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The vehicle must be registered in Arizona for at least 36

for equitable relief when you claim the credit, attach your

months.

equitable relief request to your income tax return.

Form 328 - 2001 Neighborhood Electric Vehicle (Nev) Credit Arizona

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