TC-40R, Utah Recycling Market Development Zones Tax Credit. Forms & Publications 2026

1. Click ‘Get Form’ to open the TC-40R in the editor.
2. In PART A, enter your name, taxpayer identification number (SSN or EIN), address, telephone number, and city/state/zip code.
3. Move to PART B and list all machinery and equipment purchased for recycling purposes. Include the purchase date and price for each item. Calculate the total purchases and multiply by 4.95% to find your credit allowed.
4. In PART C, document qualified expenditures such as rent, wages, supplies, and utilities. Enter the amounts paid during the tax year and total them. Multiply this total by 20%, ensuring it does not exceed $2,000.
5. PART D requires a signature from an authorized agent of the Department of Environmental Quality to certify your claims.
6. For PART E, add totals from PARTS B and C for your overall credit calculation. Compare this with 40% of your Utah tax to determine your final credit.
7. Finally, in PART F, indicate any unused credits you wish to carry forward for up to three years.

Start using our platform today to easily complete your TC-40R form online for free!