OTC Form 578 Refundable Credit for Electricity Generated by Zero-Emission Facilities - Oklahoma

Notification Icon This version of the form is not currently in use and is provided for reference only. Download this version of OTC Form 578 for the current year.

OTC Form 578 Refundable Credit for Electricity Generated by Zero-Emission Facilities - Oklahoma

What Is OTC Form 578?

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 578?
A: OTC Form 578 is a form used to claim a refundable credit for electricity generated by zero-emission facilities.

Q: What is the purpose of OTC Form 578?
A: The purpose of OTC Form 578 is to allow individuals or businesses to claim a credit for generating electricity through zero-emission facilities in Oklahoma.

Q: What is a zero-emission facility?
A: A zero-emission facility is a facility that generates electricity without emitting any greenhouse gases or other harmful pollutants.

Q: Who can claim the refundable credit?
A: Individuals or businesses that generate electricity through zero-emission facilities in Oklahoma can claim the refundable credit.

Q: How much is the refundable credit?
A: The amount of the refundable credit is equal to $0.005 per kilowatt-hour of electricity generated by a zero-emission facility.

Q: How to submit OTC Form 578?
A: OTC Form 578 can be submitted electronically or by mail to the Oklahoma Tax Commission.

Q: Are there any requirements to claim the credit?
A: Yes, there are requirements such as maintaining records of electricity generation and compliance with any applicable regulations.

Q: Is there a deadline to submit OTC Form 578?
A: Yes, OTC Form 578 must be filed with the Oklahoma Tax Commission by April 15th of the year following the year in which the electricity was generated.

Q: Is the refundable credit transferrable?
A: No, the refundable credit cannot be transferred or sold to another individual or business.

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Form Details:

  • Released on January 1, 2017;
  • The latest edition provided by the Oklahoma Tax Commission;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of OTC Form 578 by clicking the link below or browse more documents and templates provided by the Oklahoma Tax Commission.

Download OTC Form 578 Refundable Credit for Electricity Generated by Zero-Emission Facilities - Oklahoma

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