Enlarge image | 191801 KANSAS K-62(Rev. 8-20) ALTERNATIVE-FUEL TAX CREDIT For the taxable year beginning _________________________________ , 20_______; ending _________________________________ , 20_______ Name of taxpayer (as shown on return) Employer ID Number (EIN) PART A – ALTERNATIVE-FUELED MOTOR VEHICLE AND FUELING STATION INFORMATION (C Corporations only) Check the type(s) of alternative-fuel expenditures made and placed in service this tax year. Refer to the instructions to complete the application section(s), and enclose the required documentation. o Gasoline or diesel vehicle conversion. Complete SECTION 1 on the back of this form. o Factory-equipped alternative-fueled vehicle. Complete SECTION 2 on the back of this form. o Alternative-fuel fueling station. Complete the following SECTION 3 SECTION 3 – Alternative-Fueled Fueling Station (see instructions and enclose required documentation) A. Date facility placed in service. A. ___________________________________ B. Expenditures for compression equipment. B. ___________________________________ C. Expenditures for storage tanks/receptacles. C. ___________________________________ D. Expenditures for delivery property. D. ___________________________________ E. Total qualified alternative-fuel fueling station expenditures. E. ___________________________________ F. Amount of fueling station expenditures available for the credit (see instructions). F. ___________________________________ G. Amount of credit (see instructions). Enter here and on line 3 below. G. __________________________________ PART B – COMPUTATION OF CREDIT AVAILABLE FOR THIS YEAR'S EXPENDITURES 1. Amount of credit for gasoline or diesel vehicle conversion (from line 9, Section 1). 1. ___________________________________ 2. Amount of credit for factory-equipped vehicle (from line 9, Section 2). 2. ___________________________________ 3. Amount of credit for alternative-fueled fueling station (from line G, Section 3). 3. ___________________________________ 4. Total credit available (add lines 1, 2, and 3). 4. ___________________________________ PART C – COMPUTATION OF THIS YEAR'S CREDIT 5. Amount of carry forward available on this return. Enter the amount of carry forward from the prior year’s Schedule K-62. 5. ___________________________________ 6. Total credit available this tax year (add lines 4 and 5). 6. ___________________________________ 7. Your tax liability for this tax year after all credits other than this credit. 7. ___________________________________ 8. Alternative fuel credit for this tax year. Enter the lesser of lines 6 or 7 here and on the appropriate line of K-120. 8. ___________________________________ If line 8 is less than line 6, complete Part D. PART D – COMPUTATION OF EXCESS CREDIT CARRY FORWARD 9. Amount of carry forward available to report on your Schedule K-62 for next year (subtract line 8 from line 6). 9. ____________________________________ |
Enlarge image | 191802 KANSAS ALTERNATIVE-FUEL MOTOR VEHICLE CREDIT SECTION 1 – Gasoline or Diesel Vehicle Conversion (see instructions and enclose required documentation) (A) (B) (C) (D) (E) (F) (G) (H) (I) Dedicated Amount of Date Vehicle Vehicle Bi-Fueled or Expenditures Credit Amount Placed in Vehicle Vehicle Identification Alternative Flexible Conversion for Credit this Vehicle Service Make Model Number Fuel Type Fueled Cost (see instr.) (see instr.) 1. 2. 3. 4. 5. 6. 7. 8. 9. Total Section 1 Credit Available (add amounts in column (I)). Enter the result on line 1, Schedule K-62. 0.00 SECTION 2 – Factory-Equipped Vehicle (see instructions and enclose required documentation) (A) (B) (C) (D) (E) (F) (G) (H) (I) Dedicated Amount of Date Vehicle Vehicle Bi-Fueled or (1) (2) Expenditures Credit Amount Placed in Vehicle Vehicle Identification Alternative Flexible Incremental Cost of for Credit this Vehicle Service Make Model Number Fuel Type Fueled Cost Vehicles (see instr.) (see instr.) 1. 2. 3. 4. 5. 6. 7. 8. 9. Total Section 2 Credit Available (add amounts in column (I)). Enter the result on line 2, Schedule K-62. 0.00 |
Enlarge image | INSTRUCTIONS FOR SCHEDULE K-62 GENERALGENERAL INFORMATIONMATIONINFOR if the taxpayer claiming the credit furnishes evidence of the Any individual, association, partnership, limited liability purchase, during the period of time beginning with the date of company, limited partnership or corporation who makes purchase of such vehicle and ending on December 31 of the expenditures for a qualified alternative-fueled motor vehicle next succeeding calendar year, of 500 gallons of such ethanol licensed in the state of Kansas or who makes expenditures for and gasoline blend as may be required or is satisfactory to the a qualified alternative-fuel fueling station qualifies to receive secretary of revenue. an income tax credit under K.S.A. 79-32,201. PART A – ALTERNATIVE-FUELED MOTOR VEHICLE OR This credit is only available to corporations that are subject FUELING STATION INFORMATION (C Corporations only) to the Kansas corporate income tax (i.e., C corporations) and not available to individuals, partnerships, S corporations, Required Documentation: You must enclose copies of invoices to substantiate the type of alternative-fueled vehicle limited liability companies, and other pass-through entities. and the conversion costs claimed in this section. K.S.A. 74-50,227 requires the collection of certain tax Check the type of alternative-fuel expenditures made this incentive information for publication on a database managed tax year, then complete the appropriate Section(s). Be sure to by the Kansas Department of Commerce. Information collected enclose the required detailed documentation of expenditures. will include the name and address, including county of the recipient receiving the benefits from the tax incentive program, SECTION 1 – Gasoline or Diesel Vehicle Conversion the annual amount of incentive claimed, distributed or received, qualification criteria for the incentive, and required benchmarks COLUMN A – Enter the date the alternative-fueled motor vehicle was placed in service. for continued participation in the program and progress made towards the benchmarks. COLUMNS B through F – Enter required information for each Carry Forward of Unused Credits: For tax year 2017 and vehicle converted to use an alternative fuel. Use the letter all years after no new credit or carryforward is available to abbreviations in the general information section to the left individuals, partnerships, S corporations, limited liability for type of fuel; if “Other,” please specify. In column (F), companies, and other pass-through entities. enter a “B” for a bi-fueled vehicle, a “D” for a dedicated vehicle, or an “F” for a flexible fuel vehicle. Motor vehicles purchased on or after JULY 1, 2007 must be powered by a fuel source that meets the new definition of COLUMN G – Enter the total cost incurred to convert the alternative fuel which means “a combustible liquid derived from gasoline or diesel-powered vehicle to use an alternative fuel. grain starch, oil seed, animal fat or other biomass; or produced COLUMN H – For property placed in service on or after from biogas source, including any nonfossilized, decaying, January 1, 2005, enter 40% of column (G). organic matter.” This definition excludes vehicles purchased COLUMN I – For property placed in service on or after January on or after July 1, 2007 and fueled by methanol, natural gas, 1, 2005, enter the lesser of column (H) or the maximum LP gas, hydrogen, coal-derived liquid fuels and electricity from amount shown under Maximum Credit on or after 1/1/2005 qualifying for the credit. Alternative-fueled vehicles purchased in the General Information section. on or after July 1, 2007 that qualify for the credit include: • E-85 Fuel - Mixtures containing 85% or more by volume (but SECTION 2 – Factory-Equipped Vehicle not less than 70%) of denatured ethanol and other alcohols Required Documentation: Enclose a copy of the sales with gasoline or other fuels - E-85 invoice for each factory-equipped alternative-fueled vehicle • Fuels (other than alcohol) derived from and containing 85% purchased. If using the Incremental Cost option, column (G)(1), or more biological materials (i.e., biodiesel) - B-100 enclose documentation of the cost of a gasoline or diesel- For qualified alternative-fueled motor vehicles placed in powered vehicle of the same model. service on or after January 1, 2005, the credit is 40% of the For all tax years beginning after 12/31/99, if you are using conversion or incremental cost, up to the maximum for the the Cost of Vehicle option, column (G)(2) for an E-85 vehicle, gross vehicle weight from the chart that follows. “Conversion” you must enclose proof of purchase of at least 500 gallons of cost means the cost that results from modifying a motor vehicle E-85 fuel from date of vehicle purchase to December 31 of the which is propelled by gasoline or diesel to be propelled by an next succeeding calendar year. alternative fuel. “Incremental” cost means the cost that results COLUMNS A through F – Complete as in Section 1. from subtracting the manufacturer’s list price of the motor Complete either column (G)(1) or (G)(2). COLUMN G – vehicle operating on conventional gasoline or diesel fuel from the manufacturer’s list price of the same model motor vehicle Column (G)(1) – Incremental Cost. Under this option enter designed to operate on an alternative fuel. the difference between the manufacturer’s list price of the alternative-fueled vehicle and the manufacturer’s list price of Maximum Credit on or after 1/1/2005 the same model vehicle operated on gasoline or diesel fuel. Column (G)(2) – Cost of Vehicle. Under this option, enter the Gross Vehicle Weight (GVW) Maximum Credit Available total cost of the alternative-fueled vehicle. less than 10,000 lbs. $ 2,400 10,000 – 26,000 lbs. $ 4,000 COLUMN H – For property placed in service on or after January over 26,000 lbs. $ 40,000 1, 2005, enter 40% of column (G)(1) or 5% of column (G)(2). As an alternative to the above described credit, a taxpayer COLUMN I – If column (G)(1) is used, enter the lesser of column may claim a credit for the purchase of a new motor vehicle (H) or the maximum amount shown under Maximum Credit equipped by the vehicle manufacturer to operate on a blend of on or after 1/1/2005 in the General Information section. 85% ethanol and 15% gasoline not to exceed the lesser of 5% If column (G)(2) is used, enter the lesser of column (H) or of the cost of the vehicle or $750. This credit is allowed only $750. |
Enlarge image | SECTION 3 – Alternative Fuel Fueling Station LINE 6 – Add lines 4 and 5 and enter the result. Required Documentation: Enclose a detailed description LINE 7 – Enter your total Kansas tax liability for this tax year of the fueling station, its exact physical location, and a after all credits, other than this credit. photograph of the completed operation. Also enclose copies of LINE 8 - Enter the lesser of lines 6 or line 7. Also enter this invoices and a detailed schedule showing how you computed amount on the appropriate line of Form K-120. the cost of the qualifying alternative-fuel fueling station If line 8 is less than line 6, complete PART D. property shown on lines B through D. LINE A – Enter the date the alternative-fuel fueling station was PART D – COMPUTATION OF CREDIT CARRY FORWARD placed in service. LINE 9 – Subtract line 8 from line 6 and enter result (cannot be LINES B through D – Enter only the cost of the equipment less than zero). This is your available credit to enter on next that is directly related to the delivery of an alternative fuel year’s Schedule K-62. into the fuel tank of a motor vehicle propelled by such Note: When you claim the carry over amount next year, you will fuel. Labor services to install the property, architect and need to include a copy of this schedule with your return and engineering fees and other related expenses may NOT be Schedule K-62. included. LINE E – Enter the total of lines B, C, and D. TAXPAYER ASSISTANCE LINE F – For refueling stations placed in service on or after For assistance with the technical aspects of alternative January 1, 2009, enter the lesser of line E or $100,000. fuels and alternative-fueled motor vehicles and fueling LINE G – For a qualified alternative-fuel fueling station placed stations, contact: in service on or after January 1, 2005, multiply amount on Weights and Measures line F by 40% and enter result. Also enter the amount on Kansas Department of Agriculture line 3, PART B. 1320 Research Park Drive 2nd fl Manhattan KS 66502 PART B – COMPUTATION OF CREDIT AVAILABLE FOR THIS YEAR'S EXPENDITURES Phone: 785-564-6786 LINE 1 – Enter the amount of credit for gasoline or diesel Fax: 785-564-6779 vehicle conversion from Section 1, line 9. agriculture.ks.gov LINE 2 – Enter the amount of credit for factory-equipped For assistance in completing this schedule contact the vehicle from Section 2, line 9. Kansas Department of Revenue: LINE 3 – Enter the amount of credit for alternative-fueled Taxpayer Assistance Center fueling station from Section 3, line G. Scott Office Building LINE 4 - Enter the total of lines 1, 2, and 3. This is your total 120 SE 10th Ave available credit for this year’s expenditures. PO Box 750260 Topeka KS 66699-0260 PART C – COMPUTATION OF THIS YEAR'S CREDIT Phone: 785-368-8222 LINE 5 – Enter the amount of carry forward available from Fax: 785-291-3614 the prior year’s Schedule K-62. Enclose a copy of the prior year’s Schedule K-62. Note: A credit may not be carried Additional copies of this credit schedule and other tax over after the third succeeding taxable year. forms are available from our website at: ksrevenue.org |