Form Tc-65 Form Tc-65 Tax Return & Instructions Page 18
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27(02) Qualifi ed Sheltered Workshop Cash Contri-
The credit may only be claimed once per vehicle. See
instructions on form TC-40V for more information.
bution Credit
(UC §59-10-1004)
Complete form TC-40V, Clean Fuel Vehicle Tax Credit,
Cash contributions made in the taxable year to a quali-
with the Division of Air Quality approval stamp, verifying
fi ed Utah nonprofi t rehabilitation sheltered workshop
the credit is approved. Do not send form TC-40V with
facility for persons with disabilities are eligible for the
your return. Keep the form and all related documents
credit. Check with the workshop to make sure they
with your records.
have a current Day Training Provider License or Day
For more information, contact:
Support Provider Certifi cate issued by the Department
of Human Services. The credit is the lesser of $200 or
Division of Air Quality
50 percent of the total cash contributions.
195 N 1950 W
PO Box 144820
There is no form for this credit. Keep all related docu-
Salt Lake City, UT 84114-4820
ments with your records. The partner must list the
801-536-4000
qualifi ed workshop name on their return to claim the
cleanfuels.utah.gov/taxcredits/
credit. Enter this name on Schedules K and K-1.
taxcreditsintro.htm
For more information, contact:
(06) Historic Preservation Tax Credit
Div. of Services for People with Disabilities
(UC §59-10-1006)
195 N 1950 W
The credit is for costs to restore any residential certi-
Salt Lake City, UT 84116
fi ed historic building.
801-538-4200
dspd.utah.gov
Complete form TC-40H, Historic Preservation Tax
Credit, with the State Historic Preservation Offi ce cer-
(04) Capital Gain Transactions Credit
tifi cation, verifying the credit is approved. Do not send
(UC §59-10-1022)
form TC-40H with your return. Keep the form and all
You may claim a credit for the short-term and long-term
related documents with your records.
capital gain on a transaction if:
For more information, contact:
a. The transaction occurs on or after Jan. 1, 2008;
State Historic Preservation Offi ce
b. At least 70 percent of the gross proceeds of the
300 S Rio Grande St
transaction are used to buy stock in a qualifi ed Utah
Salt Lake City, UT 84101
small business corporation within 12 months from
801-533-3500
when the capital gain transaction occurred; and
history.utah.gov/historic_buildings/
fi nancial_assistance
c. You did not have an ownership interest in the quali-
fi ed Utah small business corporation at the time of
(07) Enterprise Zone Credit
investment.
(UC §63M-1-413)
See incometax.utah.gov/credits/capital-gains for
An individual or business may not claim the enterprise
more information.
zone credit or carry it forward into a year the individual
or business has claimed either the recycling market
There is no form for this credit. Keep all related docu-
development zone credit (nonrefundable credit, code
ments with your records.
10) or the targeted business tax credit (refundable
Calculation of Capital Gain Transactions Tax Credit
credit, code 40).
1. Eligible short-term or long-term
The Enterprise Zone Credit is available for certain
capital gain
$________
businesses that hire new full-time employees, restore
buildings, or meet certain other requirements in a
2. Multiply line 1 by 5% (.05).
designated zone. Indian tribes may apply for enterprise
This is the credit.
$________
zone designation within an Indian reservation.
(05) Clean Fuel Vehicle Credit
If enterprise zone credits are being taken based on your
(UC §59-10-1009)
ownership in a partnership or S corporation, you must
This credit is available if:
allocate the credits as determined under IRC §704.
1. you buy a new vehicle that meets air quality and
There is no form for this credit. Keep all related docu-
fuel economy standards;
ments with your records.
2. you buy a qualifi ed vehicle fueled by compressed
For more information, contact:
natural gas;
Governor’s Offi ce of Economic Development
3. you buy equipment to convert a vehicle to run on
60 E South Temple, 3rd Floor
propane, natural gas, electricity, or other approved
PO Box 146950
fuel; and/or
Salt Lake City, UT 84114-6950
801-538-8804
4. you buy equipment to convert a special mobile
business.utah.gov/incentives/
equipment engine to operate on propane, natural
enterprise_zones
gas, electricity, or other approved fuel.
Page 16
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