Schedule K-62 - Alternative-Fuel Tax Credit (Page 4 of 4) in pdf

LINE 5—Partners, shareholders or members: Enter the

COLUMN H—For property placed in service on or after

percentage that represents your proportionate share in

January 1, 2005, enter 40% of column (G)(1) or 5% of

column (G)(2).

the partnership, S corporation, LLC or LLP. All other

taxpayers: Enter 100%.

COLUMN I—If column (G)(1) is used, enter the lesser of

column (H) or the maximum amount shown under

LINE 6—Multiply line 4 by line 5. This is your share of the

Maximum Credit on or after 1/1/2005 in the “General

credit for the amount expended this tax year.

Information” section.

PART C — COMPUTATION OF THIS YEAR’S CREDIT

If column (G)(2) is used, enter the lesser of column (H)

or $750.

LINE 7—Enter the amount of carry forward available from

the prior year’s Schedule K-62. Enclose a copy of the

SECTION 3 — Alternative Fuel Fueling Station

prior year’s Schedule K-62. Note: A credit may not be

carried over after the third succeeding taxable year.

Required Documentation: Enclose a detailed

description of the fueling station, its exact physical location,

LINE 8—Add lines 6 and 7 and enter the result.

and a photograph of the completed operation. Also enclose

copies of invoices and a detailed schedule showing how

LINE 9—Enter your total Kansas tax liability for this tax year

you computed the cost of the qualifying alternative-fuel

after all credits, other than this credit.

fueling station property shown on lines B through D.

LINE 10—Enter the lesser of lines 8 or line 9. Also enter

LINE A—Enter the date the alternative-fuel fueling station

this amount on the appropriate line of Form K-40, Form

was placed in service.

K-41 or Form K-120.

LINES B through D—Enter only the cost of the equipment

If line 10 is less than line 8, complete PART D.

that is directly related to the delivery of an alternative

fuel into the fuel tank of a motor vehicle propelled by

PART D — COMPUTATION OF CREDIT CARRY FORWARD

such fuel. Labor services to install the property, architect

and engineering fees and other related expenses may

LINE 11—Subtract line 10 from line 8 and enter result

NOT be included.

(cannot be less than zero). This is your available credit

to enter on next year’s Schedule K-62.

LINE E—Enter the total of lines B, C, and D.

Note: When you claim the carry over amount next year,

LINE F—For refueling stations placed in service between

you will need to include a copy of this schedule with

January 1, 1996 and December 31, 2004, enter the

lesser of line E or $200,000. For refueling stations placed

your return and Schedule K-62.

in service on or after January 1, 2005, and before

January 1, 2009, enter the lesser of line E or $160,000.

TAXPAYER ASSISTANCE

For refueling stations placed in service on or after

January 1, 2009, enter the lesser of line E or $100,000.

For assistance with the technical aspects of alternative

fuels and alternative-fueled motor vehicles and fueling

LINE G—For a qualified alternative-fuel fueling station

stations, contact:

placed in service on or after January 1, 1996 and before

January 1, 2005, multiply amount on line F by 50% and

Weights and Measures

enter result. For a qualified alternative-fuel fueling station

Kansas Department of Agriculture

placed in service on or after January 1, 2005, multiply

P.O. Box 19282, Forbes Field

amount on line F by 40% and enter result. Also enter

Topeka, KS 66619

the amount on line 3, PART B.

Phone: (785) 862-2415

PART B — COMPUTATION OF CREDIT AVAILABLE FOR

Fax: (785) 862-2460

THIS YEAR’S EXPENDITURES

LINE 1—Enter the amount of credit for gasoline or diesel

For assistance in completing this schedule contact the

vehicle conversion from Section 1, line 9.

Kansas Department of Revenue:

LINE 2—Enter the amount of credit for factory-equipped

vehicle from Section 2, line 9.

Tax Operations

915 SW Harrison St., 1

Floor

LINE 3—Enter the amount of credit for alternative-fueled

Topeka, KS 66625-2007

fueling station from Section 3, line G.

Phone: (785) 368-8222

LINE 4—Enter the total of lines 1, 2, and 3. This is your total

Web site:

available credit for this year’s expenditures.

Schedule K-62 - Alternative-Fuel Tax Credit Page 4

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