Form 313 - Alternative Fuel Vehicle (Afv) Credit

Form 313 (2000) Page 5

Part XII S Corporation Credit Election and Shareholder's Share of Credit

102 The S corporation has made an irrevocable election for the taxable year ending ______/______/______ , to:

YYYY

(CHECK ONLY ONE BOX)

Claim the credit as shown on Part X, line 96, or Part XI, line 98d (if a lessor), or Part XI, line 101 (if a lessee) for the taxable year

mentioned above;

Pass the credit as shown on Part X, line 96, or Part XI, line 98d (if a lessor), or Part XI, line 101 (if a lessee) for the taxable year

mentioned above through to its shareholders.

Signature

Title

Date

Complete Form 313 through line 102. Then, if passing the credit through to the shareholders, complete lines 103 through 105 separately for each

shareholder. Furnish each shareholder with a copy of the completed Form 313.

103 Name of shareholder

104 Shareholder's TIN

105 Shareholder's share of the amount on Part X, line 96, or Part XI, line 98d (if the S corporation is a lessor),

or Part XI, line 101 (if the S corporation is a lessee).

Part XIII Partner's Share of Credit

Complete Form 313 through line 101. Then complete lines 106 through 108 separately for each partner. Furnish each partner with a copy of the

completed Form 313.

106 Name of partner

107 Partner's TIN

108 Partner's share of the amount on Part X, line 96, or Part XI, line 98d (if the partnership is a lessor),

or Part XI, line 101 (if the partnership is a lessee).

Part XIV has been removed due to recent legislation.

Part XV Refund Election For Current Year's Credit

109

If the allowable tax credit for the taxable year ending ______/______/______ exceeds the income taxes due, or if there are no income taxes due,

YYYY

I make an irrevocable election to:

109a

Have the amount of the credit not applied to income taxes for the taxable year mentioned above refunded to me in a lump sum.

109b

Have the amount of the credit not applied to income taxes for the taxable year mentioned above refunded to me in 2 annual installments.

109c

Have the amount of the credit not applied to income taxes for the taxable year mentioned above refunded to me in 3 annual installments.

110

Individuals and corporations, including S corporations that elected to take the credit, enter the amount from Part X, line 96, or if a

lessor, from part XI, line 98d or if a lessee, from Part XI, line 101. S corporation shareholders, enter the amount from Part XII,

110

line 105. Partners of a partnership enter the amount from Part XIII, line 108 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

111

Enter the tax from your 2000 income tax return, less any tax credits that you are claiming, except the AFV credit from Form 313 .

111

112

Subtract line 111 from line 110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If you checked box 109a, enter the amount from line 110 here. If you checked box 109b, divide the amount on line 112 by 2 and

113

add the result to the amount on line 111 and enter the total on line 113. If you checked box 109c, divide the amount on line 112

113

by 3 and add the result to the amount on line 111 and enter the total on line 113 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Individuals also enter this amount on Form 140, page 1, line 38 or Form 140PY, page 1, line 39 or Form 140NR, page 1, line 38

or Form 140X, page 1, line 38.

Corporations also enter this amount on Form 120, page 1, line 25 or Form 120A, page 1, line 17 or Form 120X, page 1, line 25.

S corporations that are taking the credit also enter this amount on Form 120S, page 1, line 21.

Note: Trusts or estates are not eligible for this credit.

ADOR 06-0072 (00)