Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit (Page 2 of 9) in pdf

Taxpayer

Name

Number

Part A –Continued

7. Personal Income Tax liability (from line 10 of Form IT-140)................................................................................................................

8. Alternative-Fuel Tax Credit for application against Personal Income Tax (Enter the smaller of the amount on line 6 and the

amount on line 7 here and on the Tax Credit Recap Schedule.........................................................................................................

9. Available Alternative-Fuel Tax Credit after application against Personal Income Tax (subtract line 8 from line 6).............................

10. Business Franchise Tax Liability (from line 3 of Form CNF-120; line 6 of Form SPF-100)..............................................................

10 $

11. Alternative-Fuel Tax Credit for application against the Business Franchise Tax (enter the smaller of the amount on line 9 and

the amount on line 10 here and on the Tax Credit Recap Schedule)................................................................................................

11 $

12. Available Alternative-Fuel Tax Credit after application against Business Franchise Tax (subtract line 11 from line 9).....................

12 $

13. Corporation Net Income Tax liability (from line 21 of Form CNF-120)..............................................................................................

13 $

14. Alternative-Fuel tax Credit for application against the Corporation Net Income Tax (Enter the smaller of the amount on line 12

and the amount on line 13 here and on the Tax Credit Recap Schedule [CNF-120TC])................................................................

14 $

15. Available Alternative-Fuel Tax Credit after application against Corporation Net Income Tax (Subtract line 14 from line 12)..........

15 $

16. Alternative-Fuel Tax Credit to be allocated. If the Taxpayer is a Pass-Through entity and any of the amount on line 15 is to be

allocated to the owners of the Pass-Through Entity, complete Part F and enter the total amount of credit to be allocated here...

16 $

17. Unused, unallocated Alternative-Fuel Tax Credit for carry forward to subsequent years. Subtract the amount on line 16 from

the amount on line 15.....................................................................................................................................................................

17 $

Alternative-Fuel Motor Vehicle Tax Credit

part B

A CoPy oF THE bIll oF SAlE IS REQuIREd FoR NEw VEHIClE PuRCHASES oR ANy INVoICES ASSoCIATEd wITH A CoNVERSIoN.

1. Alternative-Fuel Motor Vehicle (Enter the Vehicle Identification Number [VIN]).................................................................................

2. Alternative-Fuel Type (Check predominant Type):

Compressed Natural Gas

Liquefied Natural Gas

Liquefied Petroleum Gas

***OpTiOnS D, E, F, g, AnD H ARE nOT AVAilABlE FOR VEHiClES puRCHASED On OR AFTER ApRil 15, 2013.***

Hydrogen

Electricity

85% or more by volume fuel mixture: F.

Methanol

Ethanol

Other alcohols

3. West Virginia Division of Motor Vehicles Registration Number...........................................................................................................

4. Gross Vehicle Weight (in pounds)......................................................................................................................................................

lbs.

5. New Purchase or conversion:

A. Date of new purchase:

**bill of sale must be attached**

Purchase Price*.............

5A $

or B. Date of conversion:

Actual cost of conversion

5B $

6. Credit factor. If new purchase, enter 0.35 (35%). If conversion of previously registered vehicle, enter .50 (50%)............................

6 0.

7. Potential Credit – Multiply the price (line 5A) or the actual cost of conversion (line 5B) by the value on line 6.................................

7 $

8. Maximum Allowable Credit – If the Gross Vehicle Weight (from line 4) is less than 26,000 pounds, enter $7,500. Otherwise,

enter $25,000............................................................................................................................................................................

8 $

9. Available Alternative-Fuel Motor Vehicle Credit – Enter the smaller of the value on line 7 (Potential Credit) and the value on line

8 (Maximum Allowable Credit). Also, enter this value on Part A, line 1.............................................................................................

9 $

Payment for the vehicle entered on line 1 has been made after January 1, 2011 and on or before April 14, 2013 (Final payment includes arrangements/acceptance for financing

on/or before April 14, 2013.

Purchaser of the vehicle has taken possession of the vehicle after January 1, 2011 and on or before April 14, 2013.

Person claiming the credit on line 9 maintained ownership of the vehicle entered on line 1 through December 31, 2013.

By checking these boxes and signing the tax return, purchaser certifies this information to be true.

____________

* purchase price means the sale price of the vehicle less any amount deducted therefrom for any trade-in allowance or

rebates from the manufacturer or dealer..

Schedule AFTC-1 Page 2 of 4

Rev. 1-14

Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit Page 2

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