Screen IACr - Iowa Tax Credits (1120)

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Credits

Biodiesel blended fuel tax credit
Use the statement to enter information for any refundable biodiesel blended fuel credit. For credits earned by the corporation, complete the
Name
,
5-10% Gallons,
and
11% Gallons
columns. Each row entered correlates to a unit of Form IA 8864.
For credits received from pass-through entities, complete the
Current
Year
Amount
,
Pass
-
Through
Name
,
Pass
-
Through
Federal
ID
, and
Percentage
Share
of
Credit
columns. Refundable biodiesel blended fuel tax credits appear on Form IA 8864 and on Form IA 148, Part II, as code 52.
E85 gasoline promotion tax credit
Use the statement to enter information for any refundable gasoline promotion tax credit. For credits earned by the corporation, complete the
Name
and
Gallons of E85
columns. Each row entered correlates to a unit of Form IA 135.
For credits received from pass-through entities, complete the
Current
Year
Amount
,
Pass
-
Through
Name
,
Pass
-
Through
Federal
ID
, and
Percentage
Share
of
Credit
columns. Refundable E85 gasoline promotion tax credits appear on Form IA 135 and on Form IA 148, Part II, as code 55.
E15 plus gasoline promotion tax credit
Use the statement to enter information for any E15 plus gasoline promotion tax credit. For credits earned by the corporation, complete the
Name
and date range columns. In the date range columns, enter the number of E15 Plus gasoline gallons sold in the periods.
For credits received from pass-through entities, complete the
Current
Year
Amount
,
Pass
-
Through
Name
,
Pass
-
Through
Federal
ID
, and
Percentage
Share
of
Credit
columns. Refundable E15 plus gasoline promotion tax credits appear on Form IA 138 and on Form IA 148, Part II, as code 64.
Other nonrefundable credits
Use the statement to enter information for any other nonrefundable tax credit. For current year credits earned by the corporation, complete the
Credit
Code
,
Certificate Number
,
Starting
Year
, and
Current
Year
Amount
columns. Enter a new row for each credit, or each with a unique certificate number.
For prior year credits, complete the
Credit Code, Starting
Year,
and
Prior
Year
Carryforward
columns. Enter prior year carryforwards on a new row for each credit carryforward.
For credits received from pass-through entities, complete the
Credit
Code
,
Certificate Number, Current
Year
Amount
,
Pass
-
Through
Name
,
Pass
-
Through
Federal
ID
, and
Percentage
Share
of
Credit
columns. Other nonrefundable credits appear on Form IA 148, Part I, with the assigned credit code.
Other refundable credits
Use the statement to enter information for any other refundable tax credit. For credits earned by the corporation, complete columns for the
Credit
Code
,
Certificate Number
, and
Current
Year
Amount
columns. Enter a row for each credit, or each with a unique certificate number.
For credits received from pass-through entities, complete the
Credit
Code
,
Certificate Number, Current
Year
Amount
,
Pass
-
Through
Name
,
Pass
-
Through
Federal
ID
, and
Percentage
Share
of
Credit
columns. Other refundable credits appear on Form IA 148, Part II, with the assigned credit code.

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