×
tax forms found in
Tax Form Code
Tax Form Name

Iowa Free Printable IA 138 E15 Plus Gasoline Promotion Tax Credit for 2024 Iowa E15 Plus Gasoline Promotion Tax Credit 41-152

Tax season is open, and returns are due on April 16th! Save by eFiling early with TurboTax start now

It appears you don't have a PDF plugin for this browser. Please use the link below to download 2023-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

2023 IA 138 Iowa E15 Plus Gasoline Promotion Tax Credit tax.iowa.gov Name(s):_____________________________________________________________________________ Social Security Number (SSN) or Federal Employer Identification Number (FEIN): ___________________ Pass-through entity legal name (if applicable): _______________________________________________ Pass-through FEIN: ____________________________ Tax period ending date: ___________________ 1. Total number of E15 Plus gasoline gallons sold at retail in Iowa during the tax year ............................................................................................................ 1. ________________ 2. E15 Plus Gasoline Promotion Tax Credit. Multiply line 1 by the tax credit rate per gallon of $0.09 (nine cents). See Where to Report This Tax Credit in instructions ......................................................................................................... 2. ________________ 3. Pass-through E15 Plus Gasoline Promotion Tax Credit from partnership, limited liability company (LLC), S corporation, estate, or trust. See Where to Report This Tax Credit in instructions ............................................................... 3. ________________ Include this form with your return. 41-152a (07/24/2023) 2023 IA 138 Instructions, page 1 What’s New for Tax Year 2023 2022 Iowa Acts chapter 1067 (House File 2128) modified the E15 Plus Gasoline Promotion Tax Credit for E15 Plus gasoline sold on or after January 1, 2023. The tax credit rate has been changed to $0.09 (nine cents) per gallon sold at retail in Iowa, and the rate differential between gallons sold during summer months and nonsummer months has been repealed. About the E15 Plus Gasoline Promotion Tax Credit An Iowa 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. The tax credit is available to retail dealers that sell gasoline classified as E15 or higher, which is an ethanol-blended gasoline formulated with a minimum percentage between 15 and 69 by volume of ethanol and not classified as E85 gasoline. The tax credit equals nine cents ($0.09) multiplied by the total number of gallons of E15 Plus gasoline sold on or after January 1, 2023. See Iowa Code section 422.11Y and Iowa Administrative Code rules 701—304.46 and 501.43 for more information. Claiming This Tax Credit Provide your name, Social Security Number (SSN) or Federal Employer Identification Number (FEIN), and tax period ending date. If the retailer is a pass-through entity (partnership, limited liability company, S corporation, estate, or trust), the tax credit is allocated to the members in the ratio of each member’s share of the earnings of the entity to the entity’s total earnings. Special allocations are not permitted. Report the tax credit to the Department and members as instructed (see Where to Report This Tax Credit). If the taxpayer has received any E15 Plus Gasoline Promotion Tax Credit from a passthrough entity, indicate that amount on line 3 of the IA 138. See Where to Report This Tax Credit. File a separate IA 138 for each pass-through E15 Plus Gasoline Promotion Tax Credit received and provide the required information regarding the pass-through entity. Any tax credit in excess of tax liability can be refunded or credited to tax liability for the following year. Include this form and the IA 148 with your IA 1040, IA 1041, or IA 1120. Include this form with your IA 1065 or IA 1120S. 41-152b (06/29/2023) 2023 IA 138 Instructions, page 2 Where to Report This Tax Credit Iowa Form: Enter amounts from lines 2 and 3 on: 1040 1120 1041 (amounts claimed at entity level) 1041 (amounts allocated to beneficiaries) IA 148 Tax Credits Schedule IA 1041 Schedule K-1 IA 1065 Schedule B 1065 and IA 1065 Schedule K-1 IA 1120S Schedule B 1120S and IA 1120S Schedule K-1 Additional instructions: • Report line 2 and line 3 amounts on the IA 148, Part II, using tax credit code 65. List each tax credit claim earned or received separately. • For line 3 amounts from another pass-through entity, report required information about the pass-through entity on the IA 148, Part IV. List each pass-through tax credit claim separately. • Report the allocated share of line 2 and line 3 amounts on each beneficiary’s IA 1041 Schedule K-1 using tax credit code 65. List each tax credit claim earned or received separately. • Instruct beneficiaries to report their allocated tax credit on line 3 of form IA 138 and include the IA 138 with their tax return. • Report line 2 and line 3 amounts on the IA 1065 Schedule B as earned by the entity (line 2) or received from another pass-through entity (line 3) and use tax credit code 65. Also, report each member’s allocated share of the tax credit on the IA 1065 Schedule K-1 using tax credit code 65. List each tax credit claim earned or received separately on the Schedule B and Schedule K-1. • Instruct members to report their allocated tax credit on line 3 of form IA 138 and include the IA 138 with their tax return. • Report line 2 and line 3 amounts on the IA 1120S Schedule B as earned by the entity (line 2) or received from another pass-through entity (line 3) and use tax credit code 65. Also, report each member’s allocated share of the tax credit on the IA 1120S Schedule K-1 using tax credit code 65. List each tax credit claim earned or received separately on the Schedule B and Schedule K-1. • Instruct members to report their allocated tax credit on line 3 of form IA 138 and include the IA 138 with their tax return. 41-152c (07/24/2023)
Extracted from PDF file 2023-iowa-form-ia-138.pdf, last modified September 2020

More about the Iowa Form IA 138 Corporate Income Tax Tax Credit TY 2023

We last updated the E15 Plus Gasoline Promotion Tax Credit 41-152 in February 2024, so this is the latest version of Form IA 138, fully updated for tax year 2023. 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.


eFile your Iowa tax return now

eFiling is easier, faster, and safer than filling out paper tax forms. File your Iowa and Federal tax returns online with TurboTax in minutes. FREE for simple returns, with discounts available for TaxFormFinder users!

File Now with TurboTax

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 1120S Shhedule K-1 Schedule K-1 - Shareholder’s Share of Iowa Income, Deductions, Modifications
Form IA 1065 Iowa Partnership Return of Income 41-016
Form IA 1065 Schedule K1 Partnership Schedule K-1 - 41-018
Form IA 1120ES Corporate Estimate Tax Payment Voucher
Form IA 148 Tax Credits Schedule 41-148

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 2024.

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 thirteen 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:


2023 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

2022 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

2021 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

2020 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

2019 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

2018 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

2017 Form IA 138

IA 138 E15 Plus Gasoline Promotion Tax Credit

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