Fillable California Form 3511 - Environmental Tax Credit

TAXABLE YEAR

CALIFORNIA FORM

2016

Environmental Tax Credit

3511

Attach to your California tax return.



Name(s) as shown on your California tax return

SSN or ITIN

CA Corporation no.

FEIN

California Secretary of State file number

Part I Current Year Credit

1 Ultra low sulfur diesel fuel produced (in gallons). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1

2 Multiply line 1 by 5 cents (.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2

3 Qualified capital costs limitation. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3

4 Total ultra low sulfur diesel fuel production credits allowed for all prior taxable years . . . . . . . . . . . . . . . . . . .4

5 Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .5

6 Enter the smaller of line 5 or line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6

7 Ultra low sulfur diesel fuel production credits from pass-through entities:

If you are a:

Then enter the credit(s) from:

Shareholder

Schedule K-1 (100S)

Beneficiary

Schedule K-1 (541)

Partner

Schedule K-1 (565)

Member

Schedule K-1 (568)

. . . . . . . . . . . . . . . . . . . . .

8 Current year credit. Add line 6 and line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8

9 Credit carryover from prior year(s). See instructions.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9

10 Total available environmental tax credit. Add line 8 and line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10

11 a Credit claimed. Enter the amount of the credit claimed on the current year tax return. See instructions.

(Do not include any assigned credit claimed on form FTB 3544A.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11a

b Total credit assigned. Enter the total amount from form FTB 3544, column (g)

If you are not a corporation, enter -0-. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11b

12 Credit carryover available for future years. Add line 11a and line 11b, subtract the result from line 10 . . . . .12

Part II Credit Recapture

13 Credit Recapture. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13

General Information

Qualifications

To qualify for this credit, a small refiner must request from the California

Purpose

Air Resources Board (CARB) a certification that both of the following

are true:

Use form FTB 3511, Environmental Tax Credit, to figure the credit

y The items for which qualified capital costs were paid or incurred are

for ultra low sulfur diesel fuel produced by a small refiner located in

for compliance with the applicable Environmental Protection Agency

California. Also use this form to claim pass-through environmental tax

(EPA) or CARB regulations.

credits, received from S corporations, estates, trusts, partnerships, or

y The small refiner placed the items, for which qualified capital costs

limited liability companies (LLCs) classified as partnerships, for ultra low

were paid or incurred, in service.

sulfur diesel fuel produced by a small refiner located in California.

S corporations, estates, trusts, partnerships, and LLCs classified as

D Definitions

partnerships should complete form FTB 3511 to figure the amount

1. Ultra low sulfur diesel fuel – includes the following:

of credit to pass through to shareholders, beneficiaries, partners, or

members. Attach this form to Form 100S, California S Corporation

y Diesel fuel with a sulfur content of 15 parts per million or less.

Franchise or Income Tax Return; Form 541, California Fiduciary Income

y Vehicular diesel fuel produced and sold by a small refiner on or

Tax Return; Form 565, Partnership Return of Income; or Form 568,

after June 1, 2006. Or, if sold before June 1, 2006, the refiner

Limited Liability Company Return of Income. Show the pass-through

specifically identifies and supports through internal test reports

credit for each shareholder, beneficiary, partner, or member on

as meeting applicable CARB regulations.

Schedule K-1 (100S, 541, 565, or 568), Share of Income, Deductions,

2. Small refiner is any refiner who owns or operates a refinery in

Credits, etc.

California that:

Description

y Has had at all times since January 1, 1978, a crude oil capacity of

not more than 55,000 barrels per stream day.

The California environmental tax credit is available for each taxable year

y Has not been at any time since September 1, 1988, owned

beginning on or after July 1, 2005, and before January 1, 2018. The

or controlled by any refiner that at the same time owned or

environmental tax credit is equal to five cents ($0.05) for each gallon

controlled refineries in California with a total combined crude oil

of ultra low sulfur diesel fuel produced during the taxable year by a

capacity of more than 55,000 barrels per stream day.

small refiner at any facility located in California. The aggregate credit

y Has not been at any time since September 1, 1988, owned

for any taxable year with respect to the facility cannot exceed 25% of

or controlled by any refiner that at the same time owned or

the qualified capital costs incurred by the small refiner reduced by the

controlled refineries in the United States with a total combined

aggregate credits for all prior taxable years.

crude oil capacity of more than 137,500 barrels per stream day.

FTB 3511 2016 Side 1

7291163

For Privacy Notice, get FTB 1131 ENG/SP.

California Form 3511 - Environmental Tax Credit - 2016

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