2004 Form Tc-20 Utah Corporation Franchise Or Income Tax Return And Instructions (Page 10 of 19) in pdf

(03) Renewable Energy Systems Tax Credit

send form TC-40H with your return. Keep this form and

all related documents with your records.

(UCA §59-7-614)

Complete form TC-40E, “Renewable Energy Systems

The credit is for costs incurred in connection with

Tax Credit,” with the Utah Energy Office stamp, verify-

qualified rehabilitation of any residential certified his-

ing the credit has been approved. Do not send form

toric building. Unused credits may be carried forward

TC-40E with your return. Keep the form and all related

five years as a credit against Utah tax due.

documents with your records.

To obtain form TC-40H, certification, and for additional

To qualify for the Renewable Energy Systems Tax

information, contact:

Credit, you must have installed or upgraded a renew-

State Historic Preservation Office

able energy system, such as solar or wind generated

300 Rio Grande

power systems, during the tax period. Energy saving

SLC, UT 84101

devices, such as insulation, siding thermal windows

(801) 533-3563

and high efficiency furnaces, do not qualify.

history.utah.gov/historicpreservation/

In order to determine if your system or system compo-

utahtaxcredit.html

nents and installation qualify for the tax credit, submit a

(07) Enterprise Zone Tax Credit (UCA §9-2-413)

written application, complete with signatures and pho-

There is no form for this credit. Keep all related docu-

tocopies of receipts, to the Utah Energy Office (UEO).

ments with your records.

Application forms can be obtained from:

The Enterprise Zone Credit is available for certain

Utah Energy Office

businesses that hire new full-time employees,

1594 W North Temple, Suite 3610

rehabilitate buildings, or meet certain other

Box 146480

requirements in a designated zone.

SLC, UT 84114-6480

Any credit amount exceeding the tax owed may be

(801) 538-5428

carried forward for a period that does not exceed the

If your system meets the eligibility requirements, UEO

next three taxable years.

will send you form TC-40E with information on your

A business may not claim the enterprise zone credit

eligible system and installation costs and the UEO

or carry it forward into a year the business has

stamp of approval.

claimed either the recycling market development

zone or targeted business income tax credit.

(05) Clean Fuel Vehicle Tax Credit

(UCA §59-7-605)

Indian tribes may apply for enterprise zone

Complete form TC-40V, “Clean Fuel Vehicle Tax Credit”

designation within an Indian reservation.

with the Division of Air Quality approval stamp verifying

If enterprise zone credits are being taken based on

the credit has been approved. Do not send form TC-

your ownership in a partnership or S corporation,

40V with your return. Keep this form and all related

you must allocate the credits calculated based on

documents with your records.

your respective percentage of ownership.

To qualify you must have:

For additional information, contact:

• Purchased a vehicle which is registered in Utah, for

Dept. of Community & Economic Development

which this credit has not been taken, that was

324 S State St, Suite 500

manufactured to use propane, natural gas or elec-

SLC, UT 84111

tricity; or

(801) 538-8782

• Purchased and installed equipment to convert a

dced.utah.gov/incentives/

vehicle registered in Utah to use propane, natural

enterprisezones.html

gas or electricity.

(08) Low Income Housing Tax Credit

Note: A hybrid vehicle qualifies only if the same vehicle

(UCA §59-7-607)

model is manufactured without the clean-fuel fueling

Individuals sharing in the credit must obtain form

system and the hybrid vehicle otherwise meets the

TC-40TCAC, “Utah Low-Income Housing Tax Credit

requirements for a clean fuel vehicle.

Allocation Certification” and complete form TC-40LI,

To obtain form TC-40V, approval, and for additional

“Summary of Utah Low-Income Housing Tax Credit.” If

information, contact:

you are carrying this credit forward or backward, you

must also complete form TC-40LIC, “Utah Low-Income

Division of Air Quality

Housing Tax Credit Carryback and/or Carryforward.”

Department of Environmental Quality

Do not send these forms with your return. Keep the

150 N 1950 W

forms and all related documents with your records.

SLC, UT 84116

(801) 536-4000

The building project owner must complete and attach

form TC-40LIS, “Credit Share Summary of Low-In-

(06) Historic Preservation Tax Credit

come Housing Project” to the return.

(UCA §59-7-609)

This credit is an amount determined by the Utah Hous-

Complete form TC-40H, “Historic Preservation Tax

ing Corporation, for owners of a low-income housing

Credit” with the State Historic Preservation Office cer-

project who have received an allocation of the federal

tification verifying the credit has been approved. Do not

Page 9

2004 Form Tc-20 Utah Corporation Franchise Or Income Tax Return And Instructions Page 10

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