Iowa Free Printable IA 138 E15 Plus Gasoline Promotion Tax Credit for 2017 Iowa E15 Plus Gasoline Promotion Tax Credit 41-152

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2016-iowa-form-ia-138.pdf, and you can print it directly from your computer.

E15 Plus Gasoline Promotion Tax Credit 41-152
IA 138 E15 Plus Gasoline Promotion Tax Credit

2016 IA 138 Iowa E15 Plus Gasoline Promotion Tax Credit https://tax.iowa.gov Name(s) SSN or FEIN Pass-Through Entity (if applicable) Pass-Through FEIN Tax Period Ending Date 1. Number of E15 Plus gasoline gallons sold at retail in Iowa during the 2016 tax year between: 1a. January 1, 2016 and May 31, 2016 ..............................................................1a. 1b. September 16, 2016 and December 31, 2016 .............................................1b. 1c. January 1, 2017 and May 31, 2017 ..............................................................1c. 1d. September 16, 2017 and November 30, 2017 .............................................1d. 2. Add lines 1a through 1d ........................................................................................2. 3. Tax credit rate per gallon is $0.03 (three cents) ...................................................3. x $0.03 4. Multiply line 2 by line 3 ..........................................................................................4. 5. Number of E15 Plus gasoline gallons sold at retail in Iowa during the 2016 tax year between: 5a. June 1, 2016 and September 15, 2016 ........................................................5a. 5b. June 1, 2017 and September 15, 2017 ........................................................5b. 6. Add lines 5a and 5b ..............................................................................................6. 7. Tax credit rate per gallon is $0.10 (ten cents).......................................................7. x $0.10 8. Multiply line 6 by line 7 ..........................................................................................8. 9. Add line 4 and 8. Enter in column K of Part II on the IA 148 Tax Credits Schedule ...............................................................................................................9. 10. Pass-through E15 Plus Gasoline Promotion Tax Credit from partnership, LLC, S corporation, estate, or trust. Enter in column K of Part II on the IA 148 Tax Credits Schedule and complete Part IV on the IA 148 ...................................... 10. IA 148 Tax Credits Schedule must be completed. 41-152a (06/09/15) 2016 IA 138 E15 Plus Gasoline Promotion Tax Credit Instructions An E15 Plus Gasoline Promotion Tax Credit is available to retail dealers of gasoline who operate fuel pumps at an Iowa retail fuel site. Tank wagons are considered retail fuel sites. To qualify for the tax credit, retail dealers must sell E15 Plus gasoline, which is ethanol blended gasoline formulated with a minimum percentage between 15% and 69% by volume of ethanol. A taxpayer may claim the E15 Plus Gasoline Promotion Tax Credit even if the taxpayer claims the Ethanol Promotion Tax Credit (Form IA 137) for the same ethanol gallons. For tax years beginning on or after January 1, 2014, the tax credit equals three cents multiplied by the total number of gallons of E15 Plus gasoline sold between January 1 and May 31 and E15 Plus gasoline sold between September 16 and December 31. The tax credit equals ten cents for E15 Plus gasoline sold between June 1 and September 15. Lines 1c, 1d, and 5b only apply to fiscal-year filers. Provide your name, SSN or FEIN, and tax period ending date. Individuals and C corporations must report the tax credit claim in column K of Part II on the IA 148 Tax Credits Schedule; use tax credit code 65 in column I and leave column J blank. If the retailer is a partnership, LLC, S corporation, estate, or trust, this form must be completed and included with the Iowa tax return. The tax credit must be allocated to the individual members in the ratio of each member’s share of the earnings of the entity to the entity’s total earnings. On Schedule K-1 or on an attachment to Schedule K-1, report the tax credit for each member and instruct the members to report the apportioned tax credit on line 10 of form IA 138 and include it with their tax returns. If the taxpayer has received any pass-through E15 Plus Gasoline Promotion Tax Credit from a partnership, LLC, S corporation, estate, or trust, indicate that amount on line 10. Also enter the amount in column K of Part II on the IA 148 Tax Credits Schedule; use tax credit code 65 in column I and leave column J blank. Provide the pass-through name in column M and FEIN in column N of Part IV on the IA 148 Tax Credits Schedule. File a separate IA 138 for each pass-through E15 Plus Gasoline Promotion Tax Credit received. Also list the claims separately on Part II of the IA 148 Tax Credits Schedule, providing each pass-through name and FEIN in Part IV. Any tax credit in excess of tax liability can be refunded or credited to tax liability for the following year. 41-152b (06/04/16)
Extracted from PDF file 2016-iowa-form-ia-138.pdf, last modified July 2016

More about the Iowa Form IA 138 Corporate Income Tax Tax Credit TY 2016

We last updated the E15 Plus Gasoline Promotion Tax Credit 41-152 in February 2017, so this is the latest version of Form IA 138, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form IA 138 directly from TaxFormFinder. You can print other Iowa tax forms here.

Other Iowa Corporate Income Tax Forms:

TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form IA 130 Out-of-State Tax Credit 41-130
Form IA 147 Franchise Tax Credit 41-147
Form IA 4136 Computation of Iowa Motor Fuel Tax Credit 41-036
Form IA 1120 Iowa Corporation Income Tax Return
Form IA 128 Iowa Research Activities Credit 41-128

Download all IA tax forms View all 44 Iowa Income Tax Forms


Form Sources:

Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 138 from the Department of Revenue in February 2017.

Show Sources >

Form IA 138 is an Iowa Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Iowa Form IA 138

We have a total of six past-year versions of Form IA 138 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2016 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

E15 Plus Gasoline Promotion Tax Credit 41-152 2015 Form IA 138

41150 (IA 135).pmd

E15 Plus Gasoline Promotion Tax Credit 41-152 2014 Form IA 138

41150 (IA 135).pmd

E15 Plus Gasoline Promotion Tax Credit 41-152 2013 Form IA 138

41152 (IA 138).pmd

2012 Form IA 138

41152 (IA 138).pmd

2011 Form IA 138

41152 (IA 138).pmd


TaxFormFinder Disclaimer:

While we do our best to keep our list of Iowa Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.

** This Document Provided By TaxFormFinder.org **
Source: http://www.taxformfinder.org/iowa/form-ia-138