Form Ct-40 - Claim For Alternative Fuels Credit - New York State Department Of Taxation And Finance Page 2

ADVERTISEMENT

Page 2 CT-40 (8/99)
Section III - Credit for clean-fuel vehicle refueling property
26 Cost of new clean-fuel refueling property
26
(see instructions) ......................................................................................
27 Multiply line 26 by 50% (.5) .......................................................................................................................... 27
Section IV - Total credit
28 Total alternative fuels credit
......................................... 28
(add lines 15, 20, 25, and 27; enter here and on line 2)
Section V - Recapture of credit
Part A - Computation of credit recapture on electric vehicles and clean-fuel vehicle property.
A
B
C
D
Tax year credit
Amount of credit
Recapture percentage
Recaptured credit
allowed
originally allowed
(see instructions)
(column B × column C)
%
%
%
29 Recaptured electric vehicle and clean-fuel vehicle property credit
..........
29
(add column D amounts)
Part B - Computation of credit recapture on clean-fuel vehicle refueling property.
A
B
C
D
E
F
G
Tax year
Total recovery
Years in service
Recapture years
Recapture %
Original
Credit
credit
period of
prior to
(column B - column C) (column D ÷ column B)
credit
recapture
allowed
property
recapture year
allowed
(column E × column F)
%
%
%
30 Recaptured clean-fuel vehicle refueling property credit
................................... 30
(add column G amounts)
31 Total recaptured credit
....................................................... 31
(add lines 29 and 30; enter here and on line 9)

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 4