Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit Page 7
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1
2
3
4
5
6
7
8Enter the smaller of the value on line 6 and the value
Check the box for the predominant alternative fuel
on line 7. This is the amount of Alternative-Fuel
used by the vehicle identified on line 1.
Tax Credit to be applied against your Personal Income Tax
liability. Also, enter this amount on the appropriate line of
Enter the West Virginia Division of Motor Vehicles
the Tax Credit Recap Schedule of your Personal Income Tax
Registration Number for the vehicle identified on
return.
line 1.
Compute the remaining Alternative-Fuel Tax Credit
Enter the gross vehicle weight, in pounds, of the
by subtracting the amount on line 8 from the amount
vehicle identified on line 1.
on line 6.
Enter the purchase date and purchase price or the
Enter your Business Franchise Tax liability after
conversion date and actual cost of conversion for the
application of any other applicable tax credit.
vehicle identified on line 1. Purchase price means the sales
price of the vehicle less the amount deducted therefrom for
Enter the smaller of the value on line 9 and the value
any vehicle trade-in.
on line 10. This is the amount of Alternative-Fuel Tax
Credit to be applied against your Business Franchise Tax
Enter the appropriate credit factor for the vehicle
liability. Also, enter this amount on the appropriate line of
identified on line 1. Enter 0.35 (35%) if the vehicle was
the Tax Credit Recap Schedule of your Business Franchise
purchase new; enter 0.50 (50%) if the vehicle was converted
Tax return.
to use alternative fuel and was previously registered with
the West Virginia Division of Motor Vehicles.
Compute the remaining Alternative-Fuel Tax Credit
by subtracting the amount on line 11 from the
Compute the potential credit by multiplying the
amount on line 9.
price (line 5A) or the actual cost of conversion (line
5B) by the value on line 6.
Enter your Corporation Net Income Tax liability
after application of any other applicable tax credit.
Enter the maximum allowable credit. Enter $7,500
if the gross vehicle weight (from line 4) is less than
Enter the smaller of the value on line 12 and the value
26,000 pounds, otherwise enter $25,000.
on line 13. This is the amount of Alternative-Fuel Tax
Credit to be applied against your Corporation Net Income
Compute Available Alternative-Fuel Motor Vehicle
Tax liability. Also, enter this amount on the appropriate line
Credit as the smaller of the value on line 7 (potential
of the Tax Credit Recap Schedule of your Corporation Net
credit) and the value on line 8 (maximum allowable credit).
Income Tax return.
Also, enter this value on Part A, line 1.
P
C – Q
A
-F
h
Compute the remaining Alternative-Fuel Tax Credit
Art
uAliFied
lternAtive
uel
oMe
by subtracting the amount on line 14 from the
r
i
t
C
eFueling
nFrAstruCture
Ax
redit
amount on line 12.
Enter the city, state, and Zip Code of the location
If you are a Pass-Through Entity and any of the
of the Qualified Alternative-Fuel Vehicle Home
amount on line 15 is to be allocated to the owners of
Refueling Infrastructure.
the Pass-Through Entity complete Part F and enter the total
amount of credit to be allocated.
Enter the total cost of the construction or purchase
of the Qualified Alternative-Fuel Vehicle Home
Enter the amount of unused, unallocated Alternative-
Refueling Infrastructure. Do not include costs associated with
Fuel Tax Credit for carry forward to subsequent
exploration, development, or production activities necessary
years.
for severing natural resources from the soil or ground.
P
B – A
-F
M
v
Art
lternAtive
uel
otor
ehiCle
Compute the potential credit by multiplying the
t
C
Ax
redit
actual cost of the Qualified Alternative-Fuel Vehicle
Home Refueling Infrastructure (from line 2) by the value
Enter the Vehicle Identification Number (VIN) for
on line 3.
which an Alternative-Fuel Motor Vehicle Tax Credit
is to be claimed. A separate Part B must be completed for
Compute the Qualified Alternative-Fuel Vehicle
each vehicle for which credit is to be claimed.
Home Refueling Infrastructure as
the smaller of the value on line 4 (potential
3
Alternative Fuel Tax Credit – Information and Instructions
(Rev. 10-12)
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