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

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New York State Department of Taxation and Finance
CT-40
Calendar year filers
Claim for Alternative
enter calendar year :
Other filers enter tax period:
(8/98)
Fuels Credit
beginning
Tax Law — Article 9, Sections 183, 184, 185, 186, and Article 9A
ending
Name
Employer identification number
File number
Attach this form to your tax return
Credit Summary Information
(Complete sections I through VI as appropriate before completing this summary)
1 ●
1 Alternative fuels credit from the current tax year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(from line 27)
2 ●
2 Alternative fuels credit received from affiliates
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(from line 34 - see instructions)
3
3 Total
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(add lines 1 and 2)
4 ●
4 Alternative fuels credit used this tax year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(see instructions)
5
5 Subtotal
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(subtract line 4 from line 3)
6 ●
6 Alternative fuels credit transferred to affiliates
(from line 38 - see instructions)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Balance
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(subtract line 6 from line 5)
8 ●
8 Recapture of alternative fuels credit
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(from line 30)
9 ●
9 Balance to be carried forward to the next tax year
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(subtract line 8 from line 7)
Section I - Credit for Electric Vehicles
Use a separate column for each vehicle. If you need more columns, use additional Forms CT-40 and include the total on line 14.
Vehicle A
Vehicle B
Vehicle C
10
10 Incremental cost of vehicle
. . . . . . .
(see instructions)
11
11 Multiply line 10 by 50% (.5) . . . . . . . . . . . . . . . . . . . . .
12
5,000
5,000
5,000
12 Maximum credit per vehicle . . . . . . . . . . . . . . . . . . . . . .
13
13 Enter the smaller of line 11 or line 12 . . . . . . . . . . .
14 ●
14 Current year credit for electric vehicles
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(add line 13, all vehicles)
Section II - Credit for Clean Fuel Vehicle Property
Part A - Vehicles with a gross vehicle weight of 14,000 pounds or less.
Use a separate column for each vehicle. If you need more columns, use additional Forms CT-40 and include the total on line 19.
Vehicle A
Vehicle B
Vehicle C
15 Cost of new clean-fuel components of vehicle
15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(see instructions)
16
16 Multiply line 15 by 60% (.6) . . . . . . . . . . . . . . . . . . . . .
17
5,000
5,000
5,000
17 Maximum credit per vehicle . . . . . . . . . . . . . . . . . . . . .
18
18 Enter the smaller of line 16 or line 17 . . . . . . . . . . .
19 ●
19 Current year credit for clean-fuel vehicle property
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(add line 18, all vehicles)
Part B - Vehicles with a gross vehicle weight over 14,000 pounds.
Use a separate column for each vehicle. If you need more columns, use additional Forms CT-40 and include the total on line 24.
Vehicle A
Vehicle B
Vehicle C
20 Cost of new clean-fuel components of vehicle
20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(see instructions)
21
21 Multiply line 20 by 60% (.6) . . . . . . . . . . . . . . . . . . . . .
22
10,000
10,000
10,000
22 Maximum credit per vehicle . . . . . . . . . . . . . . . . . . . . .
23
23 Enter the smaller of line 21 or line 22 . . . . . . . . . . .
24 ●
24 Current year credit for clean-fuel vehicle property
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(add line 23, all vehicles)
CT-40

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