Schedule Aftc-1 - West Virginia Schedule Aftc-1 Alternative-Fuel Tax Credit Page 7
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9Enter the total Qualified Alternative-Fuel Vehicle
Enter your Corporation Net Income Tax liability
Refueling Infrastructure Tax Credit as shown on Part
after application of any other applicable tax credit
D, line 7. A completed Part D must be attached for each
(Line 21 of CNF-120)
qualifying refueling infrastructure. Amounts not supported
by completed Part D information will be denied.
Enter the smaller of the value on line 12 and the value
on line 13. This is the amount of Alternative-Fuel Tax
Enter the amount of Alternative-Fuel Motor Vehicle
Credit to be applied against your Corporation Net Income
Tax Credit Qualified Alternative-Fuel Vehicle
Tax liability. Also, enter this amount on the appropriate line
Refueling Infrastructure Tax Credit, as shown in Part E,
of the Tax Credit Recap Schedule of your Corporation Net
allocated to you as an owner of a Pass-Through Entity that
Income Tax return.
earned the credit. A completed Part E must be attached.
Amounts not supported by completed Part E information
Compute the remaining Alternative-Fuel Tax Credit
will be denied.
by subtracting the amount on line 14 from the
amount on line 12.
Enter any Alternative-Fuel Tax Credit earned or
allocated in a previous year that was not used or
If you are a Pass-Through Entity and any of the
allocated. An AFTC-1 supporting the entered amounts must
amount on line 15 is to be allocated to the owners of
have been previously filed. In order to claim previously
the Pass-Through Entity complete Part F and enter the total
unclaimed Alternative Fuel Tax Credit for prior years, an
amount of credit to be allocated.
amended tax return (IT-140, IT-140NRC, CNF-120, and/or
SPF-100) must be filed for each previous year that credit
Enter the amount of unused, unallocated Alternative-
is being claimed. Any and all supporting documentation
Fuel Tax Credit for carry forward to subsequent
must be presented or the claim for credit will be denied.
years.
P
B – A
-F
M
v
Add the amounts on lines 1 through 5. This the total
Art
lternAtive
uel
otor
ehiCle
Alternative-Fuel Tax Credit available to you for the
t
C
Ax
redit
current tax period.
**a Copy of The Bill of sale is
required for new vehiCle purChases
Enter your Personal Income Tax liability after
or any invoiCes assoCiaTed wiTh a
application of any other applicable tax credit (Line 10
Conversion.**
of Form IT-140.
Enter the Vehicle Identification Number (VIN) for
Enter the smaller of the value on line 6 and the value
which an Alternative-Fuel Motor Vehicle Tax Credit
on line 7. This is the amount of Alternative-Fuel
is to be claimed. A separate Part B must be completed for
Tax Credit to be applied against your Personal Income Tax
each vehicle for which credit is to be claimed.
liability. Also, enter this amount on the appropriate line of
the Tax Credit Recap Schedule of your Personal Income Tax
return.
Check the box for the predominant alternative fuel
used by the vehicle identified on line 1. NOTE:
Any options other than Compressed Natural Gas (CNG),
Compute the remaining Alternative-Fuel Tax Credit
Liquefied Natural Gas (LNG) or Liquefied Petroleum Gas
by subtracting the amount on line 8 from the amount
(LPG) are not available for vehicles purchased on or after
on line 6.
April 15, 2013.
Enter your Business Franchise Tax liability after
Enter the West Virginia Division of Motor Vehicles
application of any other applicable tax credit (Line 3
Registration Number for the vehicle identified on
of CNF-120; Line 6 of SPF-100).
line 1.
Enter the smaller of the value on line 9 and the value
Enter the gross vehicle weight, in pounds, of the
on line 10. This is the amount of Alternative-Fuel Tax
vehicle identified on line 1.
Credit to be applied against your Business Franchise Tax
liability. Also, enter this amount on the appropriate line of
the Tax Credit Recap Schedule of your Business Franchise
Enter the purchase date and purchase price or the
Tax return.
conversion date and actual cost of conversion for the
vehicle identified on line 1. Purchase price means the sales
price of the vehicle less any amount deducted therefrom for
Compute the remaining Alternative-Fuel Tax Credit
any trade-in allowance or rebates from the
by subtracting the amount on line 11 from the
manufacturer or dealer.
amount on line 9.
3
Alternative Fuel Tax Credit – Information and Instructions
(Rev. 1-14)
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