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

Column (G)(2) - Cost of Vehicle. Under this option, enter

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

the total cost of the alternative-fueled vehicle.

available credit for this year’s expenditures.

COLUMN H—For property placed in service on or after

PART C — COMPUTATION OF THIS YEAR’S CREDIT

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

column (G)(2).

LINE 5—Enter the amount of carry forward available from

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

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

column (H) or the maximum amount shown under

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

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

carried over after the third succeeding taxable year.

Information section.

LINE 6—Add lines 4 and 5 and enter the result.

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

LINE 7—Enter your total Kansas tax liability for this tax year

or $750.

after all credits, other than this credit.

LINE 8—Enter the lesser of lines 6 or line 7. Also enter this

SECTION 3 — Alternative Fuel Fueling Station

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

K-41 or Form K-120.

Required Documentation: Enclose a detailed

description of the fueling station, its exact physical location,

If line 8 is less than line 6, complete PART D.

and a photograph of the completed operation. Also enclose

copies of invoices and a detailed schedule showing how

PART D — COMPUTATION OF CREDIT CARRY FORWARD

you computed the cost of the qualifying alternative-fuel

fueling station property shown on lines B through D.

LINE 9—Subtract line 8 from line 6 and enter result (cannot

be less than zero). This is your available credit to enter

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

on next year’s Schedule K-62.

was placed in service.

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

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

you will need to include a copy of this schedule with

that is directly related to the delivery of an alternative

your return and Schedule K-62.

fuel into the fuel tank of a motor vehicle propelled by

such fuel. Labor services to install the property, architect

TAXPAYER ASSISTANCE

and engineering fees and other related expenses may

NOT be included.

For assistance with the technical aspects of alternative

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

fuels and alternative-fueled motor vehicles and fueling

LINE F— For refueling stations placed in service on or after

stations, contact:

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

Weights and Measures

LINE G—For a qualified alternative-fuel fueling station

Kansas Department of Agriculture

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

1320 Research Park Drive, 2nd fl

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

Manhattan, KS 66502

the amount on line 3, PART B.

Phone: (785) 564-6786

Fax: (785) 564-6779

PART B — COMPUTATION OF CREDIT AVAILABLE FOR

Web site: agriculture.ks.gov/

THIS YEAR’S EXPENDITURES

For assistance in completing this schedule contact the

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

Kansas Department of Revenue:

vehicle conversion from Section 1, line 9.

Tax Operations

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

915 SW Harrison St., 1

Floor

vehicle from Section 2, line 9.

Topeka, KS 66612-1588

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

Phone: (785) 368-8222

fueling station from Section 3, line G.

Web site:

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

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