Form Tc-40 - Individual Income Tax Return Instructions - 2011 Page 21
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
2419
(41) Special Needs Adoption Credit (UC §59-10-1104)
Part 5 - Refundable Credits
You may claim a credit of $1,000 for each special needs child
Claim the following refundable credits that apply on TC-40A,
you adopt in Utah. This credit may only be claimed the year
Part 5 and attach it to your Utah return.
the court issues the adoption order.
On TC-40A, write the code and amount of each credit you
To claim this credit, the child must meet one of the following
are claiming. Enter the sum of these credits being claimed on
conditions: (1) be fi ve years of age or older; (2) be under the
line 38 of your Utah TC-40. Each refundable credit is explained
age of 18 with a physical, emotional, or mental disability; or
below.
(3) be part of a sibling group (two or more persons) placed
Keep all related documents, including credit forms, with your
together for adoption.
records. You may have to provide this information later to verify
There is no form for this credit. Keep all related documents
a credit claimed on your return.
with your records.
Codes for Refundable Credits, TC-40A Part 5
(47) Agricultural Off-highway Gas/Undyed Diesel Credit
39 Renewable Commercial Energy Systems Tax Credit
(UC §59-13-202)
40 Targeted Business Tax Credit
You may claim a credit of 24.5 cents per gallon for motor fuel
41 Special Needs Adoption Credit
and undyed diesel fuel bought in Utah to operate stationary
47 Agricultural Off-highway Gas/Undyed Diesel Credit
farm engines and self-propelled farm machinery used solely
48 Farm Operation Hand Tools Credit
for commercial nonhighway agricultural use if the fuel was
(39) Renewable Commercial Energy Systems Tax Credit
taxed at the time it was bought. This does not include (but is
(UC §59-10-1106)
not limited to) the following: golf courses, horse racing, boat
This credit is for reasonable costs, including installation, of
operations, highway seeding, vehicles registered for highway
a commercial energy system that is an active solar system,
use, hobbies, personal farming, etc.
a direct-use geothermal system, a geothermal heat-pump
Credit calculation: Gallons _______ x .245 = Credit _________
system, a hydro-energy system, or a passive solar system.
Credit is also allowed for a commercial system that uses wind,
There is no form for this credit. Keep all related documents
geothermal electricity, or biomass equipment.
with your records.
(48) Farm Operation Hand Tools Credit
Get form TC-40E, Renewable Residential and Commercial
(UC §59-10-1105)
Energy Systems Tax Credits, from the Utah Offi ce of Energy
This credit is for sales and use tax paid on hand tools
Development with their certifi cation stamp, verifying the credit
purchased and used or consumed primarily and directly in
is approved and showing the amount of the approved credit.
a farming operation in Utah. The credit only applies if the
Do not send this form with your return. Keep the form and all
purchase price of a tool is more than $250.
related documents with your records.
There is no form for this credit. Keep all related documents
Contact the Utah Offi ce of Energy Development (OED), 195
with your records.
N 1950 W, 2nd Floor, Box 144845, SLC, UT 84114-4845,
801-536-4235, or go to energy.utah.gov for more information.
(40) Targeted Business Tax Credit
(UC §63M-1-504)
You may not claim this credit the same year you claim
the enterprise zone tax credit (nonapportionable
nonrefundable credit, code 07) or the recycling market
development zone tax credit (nonapportionable nonre-
fundable credit, code 10).
A credit is available to businesses providing a community
investment project as defi ned in UC §§63M-1-501 through
63M-1-503. Get a certifi ed copy of form TC-40TB, Targeted
Business Tax Credit. Keep this form and all related documents
with your records.
Contact the Governor's Offi ce of Economic Development,
324 S State St., Suite 500, SLC, UT 84111, 801-538-8804,
or go to goed.utah.gov/incentives/enterprise_zones for
more information.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial