Utah taxpayers may claim a non-refundable tax credit for the purchase of qualified new vehicles or for the conversion of vehicles or engines to use clean burning fuels.
The credit may only be taken once per vehicle and must be claimed in the taxable year the vehicle or engine is purchased or converted. If the credit was taken by a previous owner, the current owner is not eligible to take the credit.
Four clean fuel vehicle credits are available. They are:
To claim this credit, complete form TC-40V, Clean Fuel Vehicle Tax Credit, which must be certified by the Department of Environmental Quality's Division of Air Quality, verifying the credit is approved.
Any tax credit in excess of tax due will not be refunded, but may be carried forward to offset tax for up to five years.
Do not submit form TC-40V with your tax return. Keep the form and all related documents with your tax records.
The credit is claimed by entering the allowable credit on your Utah TC-40A, Part 4, using code 05.
Division of Air Quality
195 North 1950 West
PO Box 144820
Salt Lake City, UT 84114-4820