Form AFTC-1 Alternative-Fuel Tax Credit

$ 10 000 $150 000 $187 500 $200 000 $250 000 $312 500 Actual cost of conversion Add the amounts on lines 1 through 5 This the total Alternative Fuel Tax Credit available to you for the current tax period Address Alternative fuel includes: Alternative fuel motor vehicle means a motor vehicle that is a new or retrofitted or converted fuel vehicle: Alternative Fuel Motor Vehicle Tax Credit Alternative Fuel Motor Vehicle Tax Credit and Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit Allocated to Owner from Pass Through Entity Alternative Fuel Tax Credit Summary Amount of Credit Allocated An owner Taxpayer desiring to claim Alternative Fuel Tax Credit allocated by a Pass Through Entity subsidiary must complete Parts A and E of this Schedule B Date of conversion: Bi fueled means the ability of an alternative fuel motor vehicle to operate on an alternative fuel and another form of fuel Check the box for the predominant alternative fuel used by the vehicle identified on line 1 Compressed Natural Gas Compute Available Alternative Fuel Motor Vehicle Credit as 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 Compute the potential credit by multiplying the actual cost of the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure (from line 2) by the value on line 3 Compute the potential credit by multiplying the actual total cost of the Qualified Alternative Fuel Vehicle Refueling Infrastructure (from line 2) by the value on line 4 Compute the potential credit by multiplying the price (line 5A) or the actual cost of conversion (line 5B) by the value on line 6 Compute the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure as the smaller of the value on line 4 (potential credit) and the value on line 5 ($10 000 maximum allowable credit) Also enter the value on Part A line 2 Compute the Qualified Alternative Fuel Vehicle Refueling Infrastructure as the smaller of the value on line 5 (potential credit) and the value on line 6 (maximum allowable credit) Also enter the value on part A line 3 Compute the remaining Alternative Fuel Tax Credit by subtracting the amount on line 11 from the amount on line 9 Compute the remaining Alternative Fuel Tax Credit by subtracting the amount on line 14 from the amount on line 12 Compute the remaining Alternative Fuel Tax Credit by subtracting the amount on line 8 from the amount on line 6 Constructs and installs a qualified alternative fuel vehicle refueling infrastructure that is capable of dispensing alternative fuel for alternative fuel motor vehicles Constructs or purchases and installs a qualified vehicle refueling infrastructure that is capable of dispensing alternative fuel for alternative fuel motor vehicles Credit Allocated Electricity ENDING Enter any Alternative Fuel Tax Credit earned or allocated in a previous year that was not used or allocated An AFTC 1 supporting the entered amounts must have been previously filed Enter the amount of Alternative Fuel Motor Vehicle Tax Credit Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit as shown in Part E allocated to you as an owner of a Pass Through Entity that earned the credit A completed Part E must be attached Amounts not supported by completed Part E information will be denied Enter the amount of unused unallocated Alternative Fuel Tax Credit for carry forward to subsequent years Enter the appropriate credit factor for the vehicle identified on line 1 Enter 0 35 (35%) if the vehicle was purchase new; enter 0 50 (50%) if the vehicle was converted to use alternative fuel and was previously registered with the West Virginia Division of Motor Vehicles Enter the appropriate credit factor If the value on line 3 is 1 25 then enter 0 625 (62 5%) otherwise enter 0 50 (50%) Enter the appropriate maximum allowable credit from the table below: Enter the appropriate public accessibility factor If the Qualified Alternative Fuel Vehicle Refueling Infrastructure identified above is generally available for public use enter 1 25 otherwise enter 1 00 Enter the city state and Zip Code of the location of the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Enter the city state and Zip Code of the location of the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure A separate Part D must be completed for each alternative fuel refueling infrastructure for which credit is to be claimed Enter the gross vehicle weight in pounds of the vehicle identified on line 1 Enter the maximum allowable credit Enter $7 500 if the gross vehicle weight (from line 4) is less than 26 000 pounds otherwise enter $25 000 Enter the purchase date and purchase price or the conversion date and actual cost of conversion for the vehicle identified on line 1 Purchase price means the sales price of the vehicle less the amount deducted therefrom for any vehicle trade in Enter the smaller of the value on line 12 and the value on line 13 This is the amount of Alternative Fuel Tax Credit to be applied against your Corporation Net Income Tax liability Also enter this amount on the appropriate line of the Tax Credit Recap Schedule of your Corporation Net Income Tax return Enter the smaller of the value on line 6 and the value on line 7 This is the amount of Alternative Fuel Tax Credit to be applied against your Personal Income Tax liability Also enter this amount on the appropriate line of the Tax Credit Recap Schedule of your Personal Income Tax return Enter the smaller of the value on line 9 and the value on line 10 This is the amount of Alternative Fuel Tax 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 Tax return Enter the total Alternative Fuel Motor Vehicle Tax Credit as shown on Part B line 9 A completed Part B must be attached for each qualifying vehicle Amounts not supported by completed Part B information will be denied Enter the total cost of the construction or purchase of the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Do not include costs associated with exploration development or production activities necessary for severing natural resources from the soil or ground Enter the total cost of the construction or purchase of the Qualified Alternative Fuel Vehicle Refueling Infrastructure Do not include costs associated with exploration development or production activities necessary for severing natural resources from the soil or ground Enter the total Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Tax Credit as shown on Part C line 6 Amounts not supported by completed Part C information will be denied Enter the total Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit as shown on Part D line 7 A completed Part D must be attached for each qualifying refueling infrastructure Amounts not supported by completed Part D information will be denied Enter the Vehicle Identification Number (VIN) for which an Alternative Fuel Motor Vehicle Tax Credit is to be claimed A separate Part B must be completed for each vehicle for which credit is to be claimed Enter the West Virginia Division of Motor Vehicles Registration Number for the vehicle identified on line 1 Enter your Business Franchise Tax liability after application of any other applicable tax credit Enter your Corporation Net Income Tax liability after application of any other applicable tax credit Enter your Personal Income Tax liability after application of any other applicable tax credit Ethanol Hydrogen If line 3 = 1 00 If line 3 = 1 25 If you are 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 Liquefied Natural Gas Liquefied Petroleum Gas Methanol Name of Taxpayer (type or print) Other alcohols Owner % Owner EIN/SSN Pass Through Entity Plug in hybrid electric vehicle means: Purchase Price* Qualified alternative fuel vehicle home refueling infrastructure means property owned by the applicant for the tax credit located on a private residence or private home and used for storing alternative fuels and for dispensing such alternative fuels into fuel tanks of motor vehicles including but not limited to compression equipment storage tanks and dispensing units for alternative fuel at the point where the fuel is delivered or for providing electricity to plug in hybrid electric vehicles or electric vehicles: provided that the property is installed and located in this state Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Tax Credit Qualified alternative fuel vehicle refueling infrastructure means property owned by the applicant for the tax credit and used for storing alternative fuels for dispensing such alternative fuels into fuel tanks of motor vehicles including but not limited to compression equipment storage tanks and dispensing units for alternative fuel at the point where the fuel is delivered: provided that the property is installed and located in this state and is not located on a private residence or private home Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit Taxpayer means any natural person corporation limited liability company or partnership subject to the tax imposed under article twenty one article twenty three or article twenty four of this chapter or any combination thereof Taxpayers desiring to claim the Alternative Fuel Motor Vehicle Tax Credit must complete Parts A and B of this Schedule Taxpayers desiring to claim the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Tax Credit must complete Parts A and C of the Schedule Taxpayers desiring to claim the Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit must complete Parts A and D of this Schedule Telephone Number The conversion of a motor vehicle that is presently registered in West Virginia to operate exclusively on an alternative fuel The purchase of a new dedicated or bi fueled alternative fuel motor vehicle for which the purchaser then obtains a valid West Virginia vehicle registration Title Unused Alternative Fuel Tax Credit Allocation to Owners * Purchase price means the sales price of the vehicle less the amount deducted therefrom for any vehicle traded in **The following information instructions and forms are not a substitute for tax laws and regulations ** 1 A plug in hybrid electric vehicle manufactured by an established motor vehicle manufacturer of plug in hybrid electric vehicles that can operate solely on electric power and that is capable of recharging its battery from an on board generation source and an off board electricity source; and 1 Alternative Fuel Motor Vehicle (Enter the Vehicle Identification Number [VIN]) 1 Compressed natural gas; 1 Current year Alternative Fuel Motor Vehicle Credit from Part B line 9 (Total if more than one qualifying vehicle) Amounts not supported by Part B will be denied 1 Location of Qualified Alternative Fuel Vehicle Home Refueling Infrastructure 1 Location of Qualified Alternative Fuel Vehicle Refueling Infrastructure 1 Operates solely on one alternative fuel; 10 Business Franchise Tax Liability 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) 12 Available Alternative Fuel Tax Credit after application against Business Franchise Tax (subtract line 11 from line 9) 13 Corporation Net Income Tax liability 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]) 15 Available Alternative Fuel Tax Credit after application against Corporation Net Income Tax (Subtract line 14 from line 12) 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 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 2 A plug in electric vehicle conversion that provides an increase in city fuel economy of seventy five percent or more as compared to a comparable non hybrid version vehicle for a minimum of twenty miles and that is capable of recharging its battery from an on board generation source and an off board electricity source A vehicle is comparable if it is the same model year and the same vehicle class as established by the United States Environmental Protection Agency and is comparable in weight size and use Fuel economy comparisons shall be made using city fuel economy in a manner that is substantially similar to the manner in which city fuel economy is measured in accordance with procedures set forth in 40 C F R 600 as in effect on January 1 2011 2 Alternative Fuel Type (Check predominant Type): 2 Current year Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Tax Credit from Part C line 6 Amounts not supported by Part C will be denied 2 Is capable of operating on one or more alternative fuels singly or in combination; or 2 Liquefied natural gas; 2 Total Cost directly associated with the construction or purchase of the Qualified Alternative Fuel Vehicle Refueling Infrastructure 2 Total Cost of Qualified Alternative Fuel Vehicle Home Refueling Infrastructure 3 Accessibility If the Qualified Alternative Fuel Vehicle Refueling Infrastructure is generally available for public use enter 1 25 otherwise enter 1 00 3 Credit Factor 0 50 (50%) 3 Current year Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit from Part D line 6 (Total if more than one qualifying refueling infrastructure) Amounts not supported by Part D will be denied 3 Is capable of operating on an alternative fuel and is also capable of operating on gasoline or diesel fuel 3 Liquefied petroleum gas; 3 West Virginia Division of Motor Vehicles Registration Number 4 Alternative Fuel Motor Vehicle Tax Credit and Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit Allocated to the Owner of a Pass Through Entity that earned the credit as reported on Part E Amounts not supported by Part E will be denied 4 Credit Factor If the value on line 3 is 1 25 then enter 0 625 (62 5%) otherwise enter 0 50 (50%) 4 Ethanol; 4 Gross Vehicle Weight (in pounds) 4 Potential Credit Multiply the actual Total Cost of the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure (line 2) by the value on line 3 5 Fuel mixtures that contain eighty five percent or more by volume when combined with gasoline or other fuels of the following: 5 Maximum Allowable Credit $10 000 5 New Purchase or conversion: 5 Potential Credit Multiply the Actual Total Cost of the Qualified Alternative Fuel Vehicle Refueling Infrastructure (from line 2) by the value on line 4 5 Unused unallocated Alternative Fuel Tax Credit from prior years: 6 Available Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Credit Enter the smaller of the value on line 4 (Potential Credit) and the value on line 5 (Maximum Allowable Credit) Also enter the value on Part A line 2 6 Credit factor If new purchase enter 0 35 (35%) If conversion of previously registered vehicle enter 50 (50%) 6 Maximum Allowable Credit From the table below enter the appropriate Maximum Credit 6 Natural gas hydrocarbons and derivatives; 6 Total Alternative Fuel Tax Credit Available (add lines 1 through 5) 7 Available Qualified Alternative Fuel Vehicle Refueling Infrastructure Credit Enter the smaller of the value on line 5 (Potential Credit) and the value on line 6 (Maximum Allowable Credit) Also enter the value on Part A line 3 7 Hydrogen; and 7 Personal Income Tax liability 7 Potential Credit Multiply the price (line 5A) or the actual cost of conversion (line 5B) by the value on line 6 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 8 Electricity including electricity from solar energy 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 85% or more by volume fuel mixture: 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 Available Alternative Fuel Tax Credit after application against Personal Income Tax (subtract line 8 from line 6) A Date of new purchase: A Methanol AFTC 1 AFTC 1 Instructions Alternative Fuel Motor Vehicle Infrastructure Credit And Electrical Installations Alternative Fuel Tax Credit Alternative Fuel Tax Credit Definitions Alternative Fuel Tax Credit Information and Instructions (Rev 10 12) An Alternative Fuel Tax Credit is available for the following: An owner taxpayer desiring to claim Alternative Fuel Tax Credit allocated by a Pass Through Entity subsidiary must complete Parts A and E of Schedule AFTC 1 Available Alternative Fuel Tax Credit may be applied against tax liability attributable to Personal Income Tax (WV Code 11 21 et seq ) Business Franchise Tax (WV Code 11 23 et seq ) or Corporation Net Income Tax (WV Code 11 24 et seq ) In no case may more than one credit be granted for the same alternative fuel vehicle No Alternative Fuel Tax Credit may be applied against employer Withholding Tax Imposed by WV Code 11 21 et seq B Ethanol or BEGINNING Beginning prior to Jan 1 2014 Beginning prior to Jan 1 2016 Beginning prior to Jan 1 2022 C Other alcohols; Continued on the next page Electric car charging stations including plugs sockets (other than standard domestic wall sockets) cables circuit wiring safety equipment grid interface equipment including smart grid equipment current sensors and monitors feedback sensors and sensor wires and other apparatus and equipment exclusively used to provide electricity to plug in hybrid electric vehicles or electric vehicles in West Virginia Employer Identification Number (EIN) Enter the name and Employer Identification Number (EIN) of the Pass Through Entity and the amount of Alternative Fuel Motor Vehicle Tax Credit and/or Qualified Alternative Fuel Refueling Infrastructure Tax Credit allocated to you as an owner of the Pass Through Entity The Pass Through Entity must establish original entitlement to Alternative Fuel Motor Vehicle Tax Credit and/or Qualified Alternative Fuel Refueling Infrastructure Tax Credit through the filing of their own Schedule AFTC 1 Enter the name identification number ownership percentage and amount of unused credit allocated for each equity owner Enter the total allocated credit on Part A line 16 Enter the total of credit allocated on Part A line 4 Information & Instructions No part of any investment in or expenditure for commercial or non home alternative fuel vehicle refueling infrastructure for charging or serving plug in hybrid electric vehicles or electric vehicles will qualify for the tax credit Number Number Owner Name Part A Part A Alternative Fuel Tax Credit Summary Part A Continued Part B Part B Alternative Fuel Motor Vehicle Tax Credit Part C Part C Qualified Alternative Fuel Home Refueling Infrastructure Tax Credit Part D Part D Qualified Alternative Fuel Refueling Infrastructure Tax Credit Part E Part E Alternative Fuel Motor Vehicle Tax Credit and/or Qualified Alternative Fuel Refueling Infrastructure Tax Credit Allocated from Pass Through Entity Part F Part F Unused Alternative Fuel Tax Credit Allocation to Owners Pass Through Entity Name Person to contact concerning this return Purchase construction and installation costs for qualified home infrastructure property that is exclusively dedicated to providing electricity to plug in hybrid electric vehicles or electric vehicles in West Virginia owned by the tax credit applicant will qualify for the tax credit without regard to whether the property is solar power related or not Purchase construction and installation costs for the following will typically qualify for the qualified alternative fuel vehicle home refueling infrastructure tax credit for providing electricity to plug in hybrid electric vehicles or electric vehicles: Rev 9 11 Schedule Schedule AFTC 1 Page 1 of 4 Signature of Preparer other than Taxpayer Signature of Taxpayer Solar panels cannot store or dispense electrical power therefore they do not qualify for the alternative fuel vehicle home refueling infrastructure tax credit set forth in West Virginia Code 11 6D 1 et seq However the dispensing units for providing electricity to plug in hybrid electric vehicles or electric vehicles will qualify as credit base for alternative fuel vehicle home refueling infrastructure TAX PERIOD Tax Year Taxpayer Name Taxpayer Name Taxpayers desiring to claim the Alternative Fuel Motor Vehicle Tax Credit must complete Parts A and B of Schedule AFTC 1 Taxpayers desiring to claim the Qualified Alternative Fuel Vehicle Home Refueling Infrastructure Tax Credit must complete Parts A and C of Schedule AFTC 1 Taxpayers desiring to claim the Qualified Alternative Fuel Vehicle Refueling Infrastructure Tax Credit must complete parts A and D of Schedule AFTC 1 The Alternative Fuel Tax Credit is available for tax years beginning on or after January 1 2011 The Alternative Fuel Tax Credit is not available to any taxpayer under any obligation pursuant to any federal or state law policy or regulation to convert to the use of alternative fuels for any motor vehicle The purpose of the Alternative Fuel Tax Credits is to encourage the use of alternatively fueled motor vehicles and possibly reduce unnecessary pollution of the environment and reduce dependence on foreign sources of energy The tax credit base for qualified alternative fuel vehicle home refueling infrastructure for charging or serving plug in hybrid electric vehicles or electric vehicles is limited to dispensing units for providing electricity to plug in hybrid electric vehicles or electric vehicles in West Virginia Total Total Allocated Credit Under penalties of perjury I declare that I have examined this credit claim form (including accompanying schedules and statements) and to the best of my knowledge it is true and complete West Virginia Schedule AFTC 1 West Virginia State Tax Department When the Taxpayer that earns original entitlement to Alternative Fuel Tax Credit is a pass through entity any credit unused to offset the tax liability of the pass through entity is to be allocated to the owners of the pass through entity in the same manner that distributive share flows through to the equity owners