Fillable Montana Form Afcr Draft - Alternative Fuel Credit

MONTANA

AFCR

Reset Form

Rev 03 11

2011 Alternative Fuel Credit

15-30-2320, MCA

Name (as it appears on your Montana tax return)

Social Security

Federal Employer

Number

Identiﬁ cation Number

If this credit is passed through to you from a partnership or S corporation, enter the entity’s name, FEIN and the

percentage used to report the corporation’s or partnership’s income or loss for Montana income tax purposes.

Name ___________________________________ FEIN

Percentage _______ %

Complete a separate Montana Form AFCR for each vehicle that you converted.

Year and make of vehicle: ________________________Date conversion completed: ______________

Alternative fuel type: ________________________

Gross vehicle weight: ______________

1. Enter your equipment and labor costs of the conversion here ........................................................... 1. _____________

2. Multiply the amount on line 1 by 50% (0.50) and enter the result here .............................................. 2. _____________

3. If your gross vehicle weight is 10,000 pounds or less, enter $500 here;

If your gross vehicle weight is more than 10,000 pounds enter $1,000 here ..................................... 3. _____________

4. Enter the smaller of line 2 or line 3. This is your allowable alternative fuel credit for this

vehicle. ............................................................................................................................................... 4. _____________

5. Add the amount on line 4 for each Form AFCR that you submit and enter the result here. This is

your total alternative fuel credit. .................................................................................................... 5. _____________

Where to Report Your Credit

►Individuals: Form 2, Schedule V

►S corporations: Form CLT-4S, Schedule II

►C corporations: Form CLT-4, Schedule C

►Partnerships: Form PR-1, Schedule II

General Instructions

When the conversion is made by your S corporation

Deﬁ nitions

or partnership, remember to complete the information

“Alternative Fuel” means natural gas, liqueﬁ ed petroleum

above that identiﬁ es the entity’s name, federal employer

gas, liqueﬁ ed natural gas, hydrogen, electricity or any other

identiﬁ cation number and your percentage.

fuel if at least 85% (0.85) of the fuel is methanol, ethanol or

other alcohol, ether, or any combination of these.

If the credit exceeds my tax liability, can I carry any

excess credit to another tax year?

Who can claim this credit?

No, you cannot. Your credit can only be claimed in the year

An individual, corporation, or partnership that converts

the conversion is made and cannot exceed your tax liability.

a vehicle that is licensed in Montana, from operating on

gasoline to operating on an alternative fuel is entitled to the

What information do I have to include with my tax

credit.

return when I claim this credit?

Individuals and C corporations ﬁ ling paper returns must

How do I claim my credit when I am a partner or

include a completed Form AFCR. Partnerships and S

shareholder in a partnership or S corporation that

corporations ﬁ ling paper information returns must include

converted the vehicle?

a separate statement identifying each owner and their

Your partnership or S corporation will report the credit on its

proportionate share, in addition to a completed Form

informational return and provide you with your share of the

AFCR.

credit on a Montana Schedule K-1.

Questions? Please call us toll free at (866) 859-2254 (in

Your share is based on the same proportion used by you to

Helena, 444-6900).

report your income and loss from the entity for Montana tax

purposes.

If you ﬁ le your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you ﬁ le electronically,

you represent that you have retained the required documents in your tax records and will provide them upon the department’s request.

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