Arizona Form 313 - 2000 Alternative Fuel Vehicle (Afv) Credit (Page 6 of 7) in pdf

may claim a share of the credit for the vehicle as provided in the lease

Part V – Purchase or Lease of New AFVs

agreement. The total credit allowed to be taken between the lessor and

the lessee cannot be more than the total credit allowed for that vehicle.

Lines 8 Through 19 -

Complete lines 97 through 101 as instructed on the form.

Use lines 8 through 19 to figure your credit for purchasing or leasing

Part XII – S Corporation Election and

a new AFV.

Shareholder’s Share of Credit

If you have more than three vehicles, complete an additional schedule.

The additional schedule should show the same information that is

Line 102 - S Corporation Election

shown on the form for the first three vehicles.

All S corporations must complete line 102. The S corporation must

Part VI – Purchase or Lease of Used AFVs

make an irrevocable election to either claim the credit or pass the

credit through to its shareholders. One of the officers of the S

Lines 37 Through 48 -

corporation who is also a signatory to the Arizona Form 120S must

sign this election.

NOTE: Lines 37 through 48 apply only to used AFVs purchased or

leased prior to July 1, 2000. You may not claim a credit for a used

Lines 103 Through 105 -

AFV purchased or leased on or after July 1, 2000.

If the S corporation elects to pass the credit through to its

Use lines 37 through 48 to figure your credit for purchasing or leasing

shareholders, it must also complete lines 103 through 105.

a used AFV.

An S corporation must complete the Form 313 through line 102.

If you have more than three vehicles, complete an additional schedule.

Then, complete lines 103 through 105 separately for each

The additional schedule should show the same information that is

shareholder. Each shareholder may claim only a pro rata share of the

shown on the form for the first three vehicles.

credit based on the shareholder’s ownership interest in the S

To be eligible for the credit under this provision, you must have taken

corporation. The S corporation must furnish each shareholder with a

delivery and titled and registered the vehicle before July 1, 2000.

copy of the completed Form 313.

Part VII - Conversion of New Conventional

Each shareholder must complete lines 109 through 117.

Vehicles

Part XIII – Partner’s Share of Credit

Lines 57 Through 68 -

Lines 106 Through 108 -

Use lines 57 through 68 to figure your credit for converting a new

A partnership must complete the Form 313 through line 101. Then,

conventionally fueled vehicle to operate on alternative fuel.

complete lines 106 through 108 separately for each partner. Each

If you have more than three vehicles, complete an additional schedule.

partner may claim only a pro rata share of the credit based on the

The additional schedule should show the same information that is

partner’s ownership interest in the partnership. The partnership must

shown on the form for the first three vehicles.

furnish each partner with a copy of the completed Form 313.

Part VIII -

Each partner must complete lines 109 through 117.

VIII

Part

has been removed due to recent legislation.

Part XIV –

Part IX - Conversion of Used Conventionally

Part XIV has been removed due to recent legislation.

fueled vehicles

Part XV – Refund Election for Current Year’s

Lines 88 through 95 -

Credit – All Taxpayers Claiming the Credit

Uses lines 88 through 95 to figure your credit for converting a used

Lines 109 Through 113 -

conventionally fueled vehicle to operate on alternative fuel.

Line 109 -

If you have more than three vehicles, complete an additional schedule.

The additional schedule should show the same information that is

If the allowable credit exceeds the income taxes due for the 2000

shown on the form for the first three vehicles.

taxable year, you must make an irrevocable election to do one of the

Part X Total Current Year’s Credit

following:

•

Have the amount of credit not applied to taxes for the 2000

Line 96 –

taxable year refunded in a lump sum.

Add the amounts on Part V, line 19, Part VI, line 48, Part VII, line

•

Have the amount of credit not applied to taxes for the 2000

68, and Part IX, line 95. Enter the total.

taxable year refunded in two annual installments.

Part XI - Lessor/Lessee Agreement

•

Have the amount of credit not applied to taxes for the 2000

taxable year refunded in three annual installments.

Lines 97 Through 101 -

If you elect to have the refund paid out in two or three annual

If you have entered into a lease agreement for the AFV, the lessor

installments, no interest will be paid on those amounts.

Arizona Form 313 - 2000 Alternative Fuel Vehicle (Afv) Credit Page 6

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