Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit (Page 5 of 8) in pdf

-F

lternAtive

uel

redit

Information & Instructions

**The following information, instructions and forms are not a substitute for tax laws and regulations.**

The purpose of the Alternative-Fuel Tax Credits is to

6. Natural gas hydrocarbons and derivatives;

encourage the use of alternatively-fueled motor vehicles and

7. Hydrogen; and

possibly reduce unnecessary pollution of the environment

8. Electricity, including electricity from solar energy.

and reduce dependence on foreign sources of energy.

“Alternative-fuel motor vehicle” means a motor vehicle that

is a new or retrofitted or converted fuel vehicle:

An Alternative-Fuel Tax Credit is available for the following:

1. Operates solely on one alternative fuel;

» The purchase of a new dedicated or bi-fueled

2. Is capable of operating on one or more alternative

alternative-fuel motor vehicle for which the purchaser

fuels, singly or in combination; or

then obtains a valid West Virginia vehicle registration.

3. Is capable of operating on an alternative fuel and is

also capable of operating on gasoline or diesel fuel.

» The conversion of a motor vehicle that is presently

“Bi-fueled” means the ability of an alternative-fuel motor

registered in West Virginia to operate exclusively on

vehicle to operate on an alternative fuel and another form

an alternative fuel.

of fuel.

» Constructs or purchases and installs a qualified vehicle

“Plug-in hybrid electric vehicle” means:

refueling infrastructure that is capable of dispensing

1. A plug-in hybrid electric vehicle manufactured by

alternative fuel for alternative-fuel motor vehicles.

an established motor vehicle manufacturer of plug-

» Constructs and installs a qualified alternative fuel

in hybrid electric vehicles that can operate solely on

vehicle refueling infrastructure that is capable of

electric power and that is capable of recharging its

dispensing alternative fuel for alternative-fuel motor

battery from an on-board generation source and an

vehicles.

off-board electricity source; and

2. A plug-in electric vehicle conversion that provides an

The Alternative-Fuel Tax Credit is not available to any

increase in city fuel economy of seventy-five percent

taxpayer under any obligation pursuant to any federal

or more as compared to a comparable non-hybrid

or state law, policy or regulation to convert to the use of

version vehicle for a minimum of twenty miles and

alternative fuels for any motor vehicle.

that is capable of recharging its battery from an on-

board generation source and an off-board electricity

Available Alternative-Fuel Tax Credit may be applied

source. A vehicle is comparable if it is the same model

against tax liability attributable to Personal Income Tax (WV

year and the same vehicle class as established by the

Code §11-21 et seq.), Business Franchise Tax (WV Code §11-

United States Environmental Protection Agency and

23 et seq.), or Corporation Net Income Tax (WV Code §11-

is comparable in weight, size, and use. Fuel economy

24 et seq.). In no case may more than one credit be granted

comparisons shall be made using city fuel economy in

for the same alternative-fuel vehicle. No Alternative-Fuel

a manner that is substantially similar to the manner

Tax Credit may be applied against employer Withholding

in which city fuel economy is measured in accordance

Tax Imposed by WV Code §11-21 et seq.

with procedures set forth in 40 C.F.R. 600 as in effect

on January 1, 2011.

The Alternative-Fuel Tax Credit is available for tax years

beginning on or after January 1, 2011.

“Qualified alternative fuel vehicle refueling infrastructure”

means property owned by the applicant for the tax credit

-F

lternAtive

uel

redit

eFinitions

and used for storing alternative fuels for dispensing such

alternative fuels into fuel tanks of motor vehicles, including,

“Alternative fuel” includes:

but not limited to, compression equipment, storage tanks,

and dispensing units for alternative fuel at the point where

1. Compressed natural gas;

the fuel is delivered: provided, that the property is installed

2. Liquefied natural gas;

and located in this state and is not located on a private

3. Liquefied petroleum gas;

residence or private home.

4. Ethanol;

5. Fuel mixtures that contain eighty-five percent or more

“Qualified

alternative

fuel

vehicle

home

refueling

by volume, when combined with gasoline or other

infrastructure” means property owned by the applicant for

fuels, of the following:

the tax credit located on a private residence or private home

A. Methanol,

and used for storing alternative fuels and for dispensing

B. Ethanol, or

such alternative fuels into fuel tanks of

C. Other alcohols;

Alternative Fuel Tax Credit – Information and Instructions

(Rev. 10-12)

Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit Page 5

Related Articles

Related forms

Related Categories