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

2000 Neighborhood Electric

Arizona Form

Vehicle (NEV) Credit

328

•

NOTE: There may be a compliance audit when the department

The vehicle must be in the taxpayer’s possession before

processes this credit form. This will cause a longer than normal

December 1, 2000, or the taxpayer must have paid in full for

the vehicle before December 1, 2000.

processing time for your return.

•

Phone Numbers

The taxpayer cannot transfer the vehicle to any person, other

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

who resides in the same household as the taxpayer, for 36

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

months after the initial registration of the vehicle.

Phoenix

(602) 255-3381

•

The vehicle must be registered in Arizona for at least 36

Nationwide, toll-free

(800) 352-4090

months.

Form orders

(602) 542-4260

•

Forms by Fax

(602) 542-3756

A taxpayer that takes a credit for a NEV purchased or leased on

Recorded Tax Information

or after July 1, 2000, cannot use that vehicle on a golf course

Phoenix

(602) 542-1991

for other than maintenance purposes. If the vehicle is used, at

Other Arizona areas, toll-free

(800) 845-8192

any time, on a golf course for other than maintenance, the entire

Hearing impaired TDD user

credit is subject to recapture and the taxpayer will also be

subject to a civil fine of $1,000.

Phoenix

(602) 542-4021

Other Arizona areas, toll-free

(800) 397-0256

Credit Recapture

You may also visit our web site at:

The department is required to disallow the credit or recapture the

credit if any of the following occur:

Credit Provisions

•

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

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

For taxable years beginning from and after December 31, 1999, the

resides in the same household as the taxpayer, within 36

following applies:

months after the initial registration of the vehicle.

The

•

recapture will not apply if the vehicle is transferred because the

You may not take a credit for purchasing or leasing a used

vehicle is demolished or if the taxpayer dies before the end of

NEV if the NEV is purchased or leased on or after January 1,

the 36 month period.

2000.

•

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

•

The credit for purchasing or leasing a new NEV on or after

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

January 1, 2000, but before July 1, 2000, is 50 percent of the

recapture as follows:

cost of the NEV, or $10,000, whichever is more. However, the

total amount allowed for a credit cannot be more than the cost

•

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

of the vehicle. To be eligible for the credit under this provision,

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

you must have taken delivery and titled and registered the

•

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

vehicle before July 1, 2000.

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

•

The credit for purchasing or leasing a new NEV on or after

•

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

July 1, 2000, but before October 20, 2000, is 50 percent of

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

the cost of the NEV, or $1,000, whichever is more.

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

However, the total amount allowed for a credit cannot be

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

more than the cost of the vehicle.

golf course, at any time, for purposes other than maintenance, the

Eligibility Requirements

entire credit is subject to recapture.

The taxpayer will also be

subject to a civil fine of $1,000.

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

Equitable Relief

•

You must have placed the order to lease or purchase the vehicle

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

before October 20, 2000. Purchases made, orders placed, or

the taxpayer’s immediate family or a person who resides in the same

contracts entered into after October 19, 2000 are not eligible for

household as the taxpayer, within 36 months after the initial registration

a credit.

of the vehicle or if the vehicle is registered in Arizona for less than 36

months, you may be eligible for equitable relief if both of the following

•

You must have filed State of Arizona Form, Notice of Intent to

apply:

Claim Alternative Fuel Tax Credit or Opt Out Payment , or State

You were unable to meet either of the above requirements due

of Arizona Form, Notice of Intent to Claim Alternative Fuel Tax

Credit for Neighborhood Electric Vehicle, to the Office of

to circumstances that would make the requirement unfair or

Alternative Fuel Recovery/Department of Revenue by January

inequitable to you; and

2, 2001. If you filed this form by mail, this form must have

You acted in good faith.

been postmarked by January 2, 2001. You may also use certain

private delivery services designated by the IRS to meet the

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

“timely mailing as timely filed” rule.

more information about equitable relief.

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

Instructions For Form 328 - Neighborhood Electric Arizona Form Vehicle (Nev) Credit

Related Articles

Related forms

Related Categories