OTC Form 567-A Credit for Investment in a Clean-Burning Motor Vehicle Fuel Property - Oklahoma

What Is OTC Form 567-A?

This is a legal form that was released by the Oklahoma Tax Commission - a government authority operating within Oklahoma. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is OTC Form 567-A?A: OTC Form 567-A is a form used for claiming the Credit for Investment in a Clean-Burning Motor Vehicle Fuel Property in Oklahoma.

Q: What is the purpose of OTC Form 567-A?A: The purpose of OTC Form 567-A is to claim a tax credit for investments in clean-burning motor vehicle fuel property in Oklahoma.

Q: Who can use OTC Form 567-A?A: OTC Form 567-A can be used by individuals or businesses who have made investments in clean-burning motor vehicle fuel property in Oklahoma.

Q: What is the credit for investment in a clean-burning motor vehicle fuel property?A: The credit for investment in a clean-burning motor vehicle fuel property is a tax credit available to individuals and businesses in Oklahoma for investments in equipment or property that supports the production or use of clean-burning motor vehicle fuels.

Q: How can I claim the credit for investment in a clean-burning motor vehicle fuel property?A: To claim the credit, you need to complete OTC Form 567-A and submit it to the Oklahoma Tax Commission.

Q: What types of investments qualify for the credit?A: Investments in equipment or property that supports the production or use of clean-burning motor vehicle fuels, such as natural gas refueling stations or electric vehicle charging infrastructure, may qualify for the credit.

Q: Are there any limitations or restrictions on the credit?A: Yes, there are limitations and restrictions on the credit, such as maximum credit amounts and specific requirements for the type of property or equipment that qualifies.

Q: Is the credit refundable?A: No, the credit is not refundable. It can only be used to offset your Oklahoma state tax liability.

Q: Is there a deadline for filing OTC Form 567-A?A: Yes, OTC Form 567-A must be filed on or before April 15th of the year following the calendar year in which the investment was made.