Form Tc-65 - Partnership/ Limited Liability Partnership/ Limited Liability Company - 2012 Page 17
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26There is no form for this credit. Keep all related docu-
Codes and Instructions
ments with your records.
02 Qualifi ed Sheltered Workshop Cash Contribution
Calculation of Capital Gain Transactions Tax Credit
Credit
1. Eligible short-term or long-term
04 Capital Gain Transactions Credit
capital gain
$________
05 Clean Fuel Vehicle Credit (TC-40V)
2. Multiply line 1 by 5% (.05).
This is the credit.
$________
06 Historic Preservation Tax Credit
07 Enterprise Zone Tax Credit
(05) Clean Fuel Vehicle Credit
(UC §59-10-1009)
08 Low-Income Housing Tax Credit
This credit is available if:
10 Recycling Market Development Zone Credit
1. you buy a new vehicle that meets air quality and
(TC-40R)
fuel economy standards;
12 Credit for Increasing Research Activities in Utah
2. you buy a qualifi ed vehicle fueled by compressed
21 Renewable Residential Energy Systems Credit
natural gas;
(TC-40E)
3. you buy equipment to convert a vehicle to run on
24 Qualifying Solar Project Credit
propane, natural gas, electricity, or other approved
fuel; and/or
27 Veteran Employment Tax Credit
4. you buy equipment to convert a special mobile
equipment engine to operate on propane, natural
gas, electricity, or other approved fuel.
(02) Qualifi ed Sheltered Workshop Cash Contri-
bution Credit
The credit may only be claimed once per vehicle. See
(UC §59-10-1004)
instructions on form TC-40V for more information.
Cash contributions made in the taxable year to a quali-
Complete form TC-40V, Clean Fuel Vehicle Tax Credit,
fi ed Utah nonprofi t rehabilitation sheltered workshop
with the Division of Air Quality approval stamp, verifying
facility for persons with disabilities are eligible for the
the credit is approved. Do not send form TC-40V with
credit. Check with the workshop to make sure they
your return. Keep the form and all related documents
have a current Day Training Provider License or Day
with your records.
Support Provider Certifi cate issued by the Department
of Human Services. The credit is the lesser of $200 or
For more information, contact:
50 percent of the total cash contributions.
Division of Air Quality
There is no form for this credit. Keep all related docu-
195 N 1950 W
ments with your records. The partner must list the
PO Box 144820
qualifi ed workshop name on their return to claim the
Salt Lake City, UT 84114-4820
credit. Enter this name on Schedules K and K-1.
801-536-4000
cleanfuels.utah.gov/taxcredits/
For more information, contact:
taxcreditsintro.htm
Div. of Services for People with Disabilities
195 N 1950 W
(06) Historic Preservation Tax Credit
Salt Lake City, UT 84116
(UC §59-10-1006)
801-538-4200
The credit is for costs to restore any residential certi-
dspd.utah.gov
fi ed historic building.
Complete form TC-40H, Historic Preservation Tax
(04) Capital Gain Transactions Credit
Credit, with the State Historic Preservation Offi ce cer-
(UC §59-10-1022)
tifi cation, verifying the credit is approved. Do not send
You may claim a credit for the short-term and long-term
form TC-40H with your return. Keep the form and all
capital gain on a transaction if:
related documents with your records.
a. The transaction occurs on or after Jan. 1, 2008;
For more information, contact:
b. At least 70 percent of the gross proceeds of the
State Historic Preservation Offi ce
transaction are used to buy stock in a qualifi ed Utah
300 S Rio Grande St
small business corporation within 12 months from
Salt Lake City, UT 84101
when the capital gain transaction occurred; and
801-533-3500
c. You did not have an ownership interest in the quali-
history.utah.gov/historic_buildings/
fi ed Utah small business corporation at the time of
fi nancial_assistance
investment.
See incometax.utah.gov/credits/capital-gains for
more information.
Page 15
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