Form Tc-41 - Fiduciary Income Tax Return Instructions - 2011 Page 14
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282011 Utah Fiduciary Income Tax
Page 12
(06) Historic Preservation Credit
Codes for Nonapportionable Nonrefundable Credits,
TC-41A Part 4
(UC §59-10-1006)
02 Qualifi ed Sheltered Workshop Cash Contribution Credit
The credit is for costs to restore any residential certifi ed
05 Clean Fuel Vehicle Credit
historic building.
06 Historic Preservation Credit
Complete form TC-40H, Historic Preservation Tax Credit,
07 Enterprise Zone Credit
08 Low-Income Housing Credit
with the State Historic Preservation Offi ce certifi ca-
10 Recycling Market Development Zone Credit
tion, verifying the credit is approved. Do not send form
12 Credit for Increasing Research Activities in Utah
TC-40H with your return. Keep the form and all related
13 Carryover Credit for Machinery/Equipment Used to Conduct
documents with your records.
Research
17 Credit for Income Taxes Paid to Another State
Note: Any credit that is more than the tax liability may
21 Renewable Residential Energy Systems Credit
be carried forward for next fi ve years.
25 Combat Related Death Credit
Contact the State Historic Preservation Offi ce, 300 S Rio
(02) Qualifi ed Sheltered Workshop Cash Contribu-
Grande St., SLC, UT 84101, 801-533-3500, or go to his-
tion Credit (UC §59-10-1004)
tory.utah.gov/historic_buildings/fi nancial_assistance
Cash contributions made in 2011 to a qualifi ed Utah
for form TC-40H, certifi cation, and more information.
nonprofi t rehabilitation sheltered workshop facility for
(07) Enterprise Zone Credit
persons with disabilities are eligible for the credit. Check
(UC §63M-1-413)
with the workshop to make sure they have a current
Note: You may not claim this credit or carry it into the
Day Training Provider License or Day Support Provider
same year you claim the recycling market development
Certifi cate issued by the Department of Human Services.
zone credit (nonapportionable nonrefundable credit,
The credit is the lesser of $200 or 50% of the total cash
code 10) or the targeted business tax credit (refundable
contributions.
credit, code 40).
There is no form for this credit. Keep all related docu-
The Enterprise Zone Credit is for certain businesses
ments with your records. The name of the qualifi ed
that hire new full-time employees, restore buildings or
workshop must be written on TC-41A, Part 4 to claim
meet certain other requirements in a designated zone.
the credit.
Indian tribes may apply for enterprise zone designation
Contributions claimed as a tax credit under this section
within an Indian reservation.
may not also be claimed as a charitable deduction in
If you are allocated enterprise zone credit from your
determining net taxable income.
ownership in a partnership or S corporation, your credit
Note: Any credit that is more than the tax liability may
must be based on your ownership percentage.
not be carried back or forward.
Note: Any credit that is more than the tax liability may
Contact the Contract Administrator, Division of Services
be carried forward for the next three years.
for People with Disabilities, 195 N 1950 W, SLC, UT
There is no form for this credit. Keep all related docu-
84116, 801-538-4200; or go to dspd.utah.gov for more
ments with your records.
information.
Contact the Governor’s Offi ce of Economic Development,
(05) Clean Fuel Vehicle Credit
324 S State St., Suite 500, SLC, UT 84111, 801-538-
(UC §59-10-1009)
8804; or go to incometax.utah.gov/credits/enterprise-
This credit is available if: (1) you buy a new vehicle that
zones or goed.utah.gov/incentives/enterprise_zones
meets air quality and fuel economy standards; (2) you
for more information.
buy a qualifi ed vehicle fueled by compressed natural
gas; (3) you buy equipment to convert a vehicle to run
(08) Low-Income Housing Credit
on propane, natural gas, electricity, or other approved
(UC §59-10-1010)
fuel; and/or (4) you buy equipment to convert a special
This credit is determined by the Utah Housing Corpo-
mobile equipment engine to operate on propane, natural
ration for owners of a low-income housing project who
gas, electricity, or other approved fuel. The credit may
also received part of the federal low-income housing
only be claimed once per vehicle. See instructions on
tax credit. When this credit applies, the project owner
form TC-40V for more information.
will provide you form TC-40TCAC (issued by the Utah
Housing Corporation).
Complete form TC-40V, Clean Fuel Vehicle Tax Credit,
with the Division of Air Quality approval stamp, verifying
If you share in this credit, get form TC-40TCAC, Utah
the credit is approved. Do not send form TC-40V with
Low-Income Housing Tax Credit Allocation Certifi ca-
your return. Keep the form and all related documents
tion, and complete form TC-40LI, Summary of Utah
with your records.
Low-Income Housing Tax Credit. Do not send these
forms with your return. Keep the forms and all related
Note: Any credit that is more than the tax liability may
documents with your records.
be carried forward for the next fi ve years.
The building project owner must also complete and at-
Contact the Division of Air Quality, 195 N 1950 W, PO
tach to the return form TC-40LIS, Credit Share Summary
Box 144820, SLC, UT 84114-4820, 801-536-4000, or
of Low-Income Housing Project.
go to cleanfuels.utah.gov/taxcredits/taxcreditsintro.
htm for more information.
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