Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit Page 8
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8credit) and the value on line 5 ($10,000 maximum allowable
Compute
the
Qualified
Alternative-Fuel
Vehicle
credit). Also, enter the value on Part A, line 2.
Refueling Infrastructure as the smaller of the value on line
5 (potential credit) and the value on line 6 (maximum allowable
P
d – Q
A
-F
Art
uAliFied
lternAtive
uel
credit). Also, enter the value on part A, line 3.
r
i
t
C
eFueling
nFrAstruCture
Ax
redit
P
e – A
-F
M
v
Art
lternAtive
uel
otor
ehiCle
t
C
/
Q
A
-
Enter the city, state, and Zip Code of the location of the
Ax
redit And
or
uAliFied
lternAtive
Qualified Alternative-Fuel Vehicle Home Refueling
F
r
i
t
C
uel
eFueling
nFrAstruCture
Ax
redit
Infrastructure. A separate Part D must be completed for
A
P
-t
e
each alternative-fuel refueling infrastructure for which
lloCAted FroM
Ass
hrough
ntity
credit is to be claimed.
Enter the name and Employer Identification Number (EIN)
of the Pass-Through Entity and the amount of Alternative-
Enter the total cost of the construction or purchase
Fuel Motor Vehicle Tax Credit and/or Qualified Alternative-
of the Qualified Alternative-Fuel Vehicle Refueling
Fuel Refueling Infrastructure Tax Credit allocated to you as
Infrastructure. Do not include costs associated with
an owner of the Pass-Through Entity. The Pass-Through
exploration,
development,
or
production
activities
Entity must establish original entitlement to Alternative-
necessary for severing natural resources from the soil or
Fuel Motor Vehicle Tax Credit and/or Qualified Alternative-
ground.
Fuel Refueling Infrastructure Tax Credit through the filing
of their own Schedule AFTC-1
Enter the appropriate public accessibility factor. If
Enter the total of credit allocated on Part A, line 4.
the Qualified Alternative-Fuel Vehicle Refueling
Infrastructure identified above is generally available for
P
F – u
A
-F
t
public use enter 1.25, otherwise enter 1.00.
Art
nused
lternAtive
uel
Ax
C
A
o
redit
lloCAtion to
wners
Enter the appropriate credit factor. If the value on
line 3 is 1.25 then enter 0.625 (62.5%), otherwise
When the Taxpayer that earns original entitlement to
enter 0.50 (50%).
Alternative-Fuel Tax Credit is a pass-through entity, any
credit unused to offset the tax liability of the pass-through
Compute the potential credit by multiplying the
entity is to be allocated to the owners of the pass-through
actual total cost of the Qualified Alternative-Fuel
entity in the same manner that distributive share flows
Vehicle Refueling Infrastructure (from line 2) by the value
through to the equity owners.
on line 4.
Enter
the
name,
identification
number,
ownership
Enter the appropriate maximum allowable credit
percentage, and amount of unused credit allocated for each
from the table below:
equity owner.
Tax Year
If line 3 = 1.00
If line 3 = 1.25
Enter the total allocated credit on Part A, line 16.
Beginning prior to Jan. 1, 2014
$250,000
$312,500
Beginning prior to Jan. 1, 2016
$200,000
$250,000
Beginning prior to Jan. 1, 2022
$150,000
$187,500
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Alternative Fuel Tax Credit – Information and Instructions
(Rev. 10-12)
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