Schedule Aftc-1 - West Virginia Alternative-Fuel Tax Credit Page 7
ADVERTISEMENT
1
2
3
4
5
6
7
8Enter the amount of unused, unallocated Alternative-
Enter the total cost of the construction or purchase
Fuel Tax Credit for carry forward to subsequent
of the Qualified Alternative-Fuel Vehicle Home
years.
Refueling Infrastructure. Do not include costs associated with
exploration, development, or production activities necessary
P
B – A
-F
m
v
for severing natural resources from the soil or ground.
Art
lternAtive
uel
otor
ehiCle
t
C
Ax
redit
Compute the potential credit by multiplying the
actual cost of the Qualified Alternative-Fuel Vehicle
Enter the Vehicle Identification Number (VIN) for
Home Refueling Infrastructure (from line 2) by the value
which an Alternative-Fuel Motor Vehicle Tax Credit
on line 3.
is to be claimed. A separate Part B must be completed for
each vehicle for which credit is to be claimed.
Compute the Qualified Alternative-Fuel Vehicle
Home Refueling Infrastructure as the smaller of the
Check the box for the predominant alternative fuel
value on line 4 (potential credit) and the value on line 5
used by the vehicle identified on line 1.
($10,000 maximum allowable credit). Also, enter the value
on Part A, line 2.
Enter the West Virginia Division of Motor Vehicles
P
d – Q
A
-F
Registration Number for the vehicle identified on
Art
uAliFied
lternAtive
uel
line 1.
r
i
t
C
eFueling
nFrAstruCture
Ax
redit
Enter the gross vehicle weight, in pounds, of the
Enter the city, state, and Zip Code of the location of the
vehicle identified on line 1.
Qualified Alternative-Fuel Vehicle Home Refueling
Infrastructure. A separate Part D must be completed for
Enter the purchase date and purchase price or the
each alternative-fuel refueling infrastructure for which
conversion date and actual cost of conversion for the
credit is to be claimed.
vehicle identified on line 1. Purchase price means the sales
price of the vehicle less the amount deducted therefrom for
Enter the total cost of the construction or purchase
any vehicle trade-in.
of the Qualified Alternative-Fuel Vehicle Refueling
Infrastructure. Do not include costs associated with
Enter the appropriate credit factor for the vehicle
exploration,
development,
or
production
activities
identified on line 1. Enter 0.35 (35%) if the vehicle was
necessary for severing natural resources from the soil or
purchase new; enter 0.50 (50%) if the vehicle was converted
ground.
to use alternative fuel and was previously registered with
the West Virginia Division of Motor Vehicles.
Enter the appropriate public accessibility factor. If
the Qualified Alternative-Fuel Vehicle Refueling
Compute the potential credit by multiplying the
Infrastructure identified above is generally available for
price (line 5A) or the actual cost of conversion (line
public use enter 1.25, otherwise enter 1.00.
5B) by the value on line 6.
Enter the appropriate credit factor. If the value on
Enter the maximum allowable credit. Enter $7,500
line 3 is 1.25 then enter 0.625 (62.5%), otherwise
if the gross vehicle weight (from line 4) is less than
enter 0.50 (50%).
26,000 pounds, otherwise enter $25,000.
Compute the potential credit by multiplying the
Compute Available Alternative-Fuel Motor Vehicle
actual total cost of the Qualified Alternative-Fuel
Credit as the smaller of the value on line 7 (potential
Vehicle Refueling Infrastructure (from line 2) by the value
credit) and the value on line 8 (maximum allowable credit).
on line 4.
Also, enter this value on Part A, line 1.
P
C – Q
A
-F
h
Enter the appropriate maximum allowable credit
Art
uAliFied
lternAtive
uel
ome
from the table below:
r
i
t
C
eFueling
nFrAstruCture
Ax
redit
Tax Year
If line 3 = 1.00
If line 3 = 1.25
Beginning prior to Jan. 1, 2014
$250,000
$312,500
Enter the city, state, and Zip Code of the location
Beginning prior to Jan. 1, 2016
$200,000
$250,000
of the Qualified Alternative-Fuel Vehicle Home
Beginning prior to Jan. 1, 2022
$150,000
$187,500
Refueling Infrastructure.
3
Alternative Fuel Tax Credit – Information and Instructions
(Rev. 9-11)
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial