Form Tc-65 Form Tc-65 Tax Return & Instructions Page 21
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27(39) Renewable Commercial Energy
(46) Mineral Production Withholding Tax Credit
Systems Tax Credit
(UC §59-6-102)
Enter the total of the mineral production tax withheld as
(UC §59-10-1106)
shown on forms TC-675R or Utah Schedule K-1(s) for
This credit is for reasonable costs, including installation,
the tax year. For a fi scal year partnership, the credit is
of a commercial energy system that is an active solar
reported on the partnership return required to be fi led
system, a direct-use geothermal system, a geothermal
during the year following the December closing period
heat-pump system, a hydro-energy system, or a passive
of the form TC-675R.
solar system. Credit is also allowed for a commercial
system that uses wind, geothermal electricity, or bio-
Enter the mineral production withholding tax on TC-250.
mass equipment.
Enter the credit in Part 2 if received from an upper-tier
pass-through entity, or in Part 3 if received on a TC-675R
Get form TC-40E, Renewable Residential and Com-
from the mineral producer.
mercial Energy Systems Tax Credits, from the Utah
Offi ce of Energy Development with their certifi cation
Do not attach the TC-675R or Utah Schedule K-1 to
stamp, verifying the credit is approved and showing
the partnership return.
the amount of the approved credit. Do not send this
form with your return. Keep the form and all related
(47) Agricultural Off-Highway Gas/Undyed
documents with your records.
Diesel Fuel Credit
(UC §59-13-202)
For more information, contact:
You may claim a credit of 24.5 cents per gallon for
Utah Offi ce of Energy Development
motor fuel and undyed diesel fuel bought in Utah to
PO Box 144845
operate stationary farm engines and self-propelled
Salt Lake City, UT 84114-4845
farm machinery used solely for commercial nonhigh-
801-536-4235
way agricultural use if the fuel was taxed at the time
energy.utah.gov
it was bought.
(40) Targeted Business Tax Credit
Activities that do not qualify for this credit include (but are
(UC §63M-1-504)
not limited to) the following: golf courses, horse racing,
A business may not claim the targeted business tax
boat operations, highway seeding, vehicles registered
credit in a year the business has claimed either the
for highway use, hobbies, and personal farming.
enterprise zone credit (nonrefundable credit, code
Credit calculation:
07) or the recycling market development zone credit
(nonrefundable credit, code 10).
Gallons _______ x .245 = Credit _______
A credit is available to businesses providing a commu-
There is no form for this credit. Keep all related docu-
nity investment project as defi ned in UC §§63M-1-501
ments with your records.
through 63M-1-503. Get a certifi ed copy of form TC-
(48) Farm Operation Hand Tools Credit
40TB, Targeted Business Tax Credit. Keep this form
and all related documents with your records.
(UC §59-10-1105)
This credit is for sales and use tax paid on hand tools
For more information, contact:
purchased and used or consumed primarily and directly
Governor’s Offi ce of Economic Development
in a farming operation in Utah. The credit only applies
60 E South Temple, 3rd Floor
if the purchase price of a tool is more than $250.
PO Box 146950
There is no form for this credit. Keep all related docu-
Salt Lake City, UT 84114-6950
ments with your records.
801-538-8804
business.utah.gov/incentives/
enterprise_zones
Page 19
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