Get Ct Au-724 2017

This guide provides clear and concise instructions on filling out the CT AU-724 online. The form is essential for claiming a motor vehicle fuels tax refund for specific types of fuel usage in Connecticut.

Follow the steps to successfully complete the CT AU-724 online.

1. Press the ‘Get Form’ button to access the CT AU-724 form and open it in your preferred document editor.
2. Indicate the period of claim in calendar year by entering the start and end dates in the designated fields.
3. Select the appropriate fuel type by checking the corresponding box for diesel or motor vehicle fuels (gasoline-gasohol).
4. Provide your Connecticut tax registration number, Federal Employer Identification Number, or Social Security Number as required in the respective fields.
5. Complete the claimant information section by printing your name, address, city or town, state, and ZIP code accurately.
6. If your address has changed, check the box indicating this change.
7. Fill in the location of records if different from the provided address, as well as a contact telephone number.
8. In Part 1, start with the computation of the net refund by entering the opening inventory of gallons of fuel at the beginning of the claim period.
9. Enter the total gallons purchased, gathered from Schedule A, in the provided field.
10. Calculate total gallons available by adding the opening inventory and gallons purchased.
11. Document closing inventory by entering the gallons of fuel remaining at the end of the claim period.
12. Determine total gallons used by subtracting the closing inventory from total gallons available.
13. Enter the total from Schedule B for nontaxable use of fuel.
14. Calculate taxable use by subtracting nontaxable use from total gallons used.
15. For gross refund, multiply the nontaxable use amount by the refund rate per gallon.
16. Record the total amount paid for the gallons reported on Schedule A.
17. Calculate the average price per gallon by dividing the total amount paid by the gallons purchased.
18. Enter the applicable Connecticut motor vehicle fuels tax refund rate based on the type of fuel used.
19. Calculate the net average price per gallon by deducting the refund rate from the average price per gallon.
20. Multiply the net average price by nontaxable gallons to determine the amount subject to use tax.
21. Calculate use tax due by multiplying the taxable amount by the applicable tax rate.
22. Compute the net refund by subtracting the use tax due from the gross refund.
23. Lastly, declare under penalty of law that your provided information is accurate, sign and date the form.
24. Once completed, save your changes, then download, print, or share the CT AU-724 form as needed.

Start completing your CT AU-724 refund claim online today!