Iowa Computation of Iowa Motor Fuel Tax Credit 41-036
Extracted from PDF file 2020-iowa-form-ia-4136.pdf, last modified June 2020
Computation of Iowa Motor Fuel Tax Credit 41-0362020 IA 4136 Iowa Fuel Tax Credit tax.iowa.gov Legal name: _________________________________________________________________________ Doing business as: ______________________________________________________________________ Federal Employer Identification Number (FEIN) or Social Security Number: ____________________________ Pass-Through entity (if applicable):____________________________________________________________ Pass-Through FEIN: __________________________________ Tax period ending date: _________________ Check appropriate box(es): Fuel used for: 1.Farming ☐ 2.Commercial ☐ 3.Commercial fishing ☐ 4.Other ☐ (specify) _______________ 1. Gasoline 1a. 1b. Invoice Date 01/01/2020 to 06/30/2020 Invoice Gallons Highway Gallons Claimed Gallons 07/01/2020 to end of tax year Tax Rate Fuel Tax Paid Sales Tax Fuel Tax Credit $0.305 $ $ $ $0.300 $ $ $ Tax Rate Fuel Tax Paid $0.290 $ $ $ $0.300 $ $ $ Tax Rate Fuel Tax Paid $0.290 $ $ $ $0.240 $ $ $ 2. Ethanol Blended Gasoline – E-10 to E-14 2a. 2b. Invoice Date 01/01/2020 to 06/30/2020 Invoice Gallons Highway Gallons Claimed Gallons 07/01/2020 to end of tax year Sales Tax Fuel Tax Credit 3. Ethanol Blended Gasoline – E-15 or Higher 3a. 3b. Invoice Date 01/01/2020 to 06/30/2020 07/01/2020 to end of tax year Invoice Gallons Highway Gallons Claimed Gallons Sales Tax Fuel Tax Credit 41-036a (10/07/20) 2020 IA 4136, page 2 4. Undyed Diesel Fuel – B-0 to B-10 Invoice Date 01/01/2020 to end of tax year Invoice Gallons Highway Gallons Claimed Gallons Tax Rate $0.325 Fuel Tax Paid $ Sales Tax $ Fuel Tax Credit $ 5. Undyed Biodiesel Fuel – Blends B-11 or Higher Invoice Date Invoice Gallons Highway Gallons Claimed Gallons Tax Rate Fuel Tax Paid Sales Tax Fuel Tax Credit 5a. 01/01/2020 to 06/30/2020 $0.295 $ $ $ 5b. 07/01/2020 to end of tax year $0.301 $ $ $ 6. Special Fuel – LPG Invoice Date 01/01/2020 to end of tax year Invoice Gallons Highway Gallons Claimed Gallons Tax Rate $0.300 Fuel Tax Paid $ Sales Tax $ Fuel Tax Credit $ 7. Pass-Through Fuel Tax Credit Report pass-through Fuel Tax Credit from partnership, LLC, S corporation, estate, or trust. .............................................................................................7. ___________ 8. Total Fuel Tax Credit Add Fuel Tax Credit columns from lines 1 through 6, and line 7. Report on line 59 of the IA 1040, line 32 of the IA 1041, or on line 1 of Schedule C1 on the IA 1120. .........8. ___________ 41-036b (10/06/20) 2020 IA 4136 Fuel Tax Credit Instructions, page 3 Effective July 1, 2020, the fuel tax rate for Gasoline, Ethanol Blended Gasoline, Alcohol, and Biodiesel B-11 or higher Undyed have changed. Ethanol Blended Gasoline, including E-85, is now separated into two different tax categories: E-10 to E-14 and E-15 or higher. E-85 is now part of Ethanol Blended Gasoline E-15 or higher. All other fuel types were unchanged. Resident and nonresident individuals, fiduciaries of estates and trusts, and C corporations may claim a tax credit on their income tax returns for fuel that was purchased during the tax period to be used in unlicensed vehicles for non-highway purposes. A partnership, LLC, S corporation, estate, or trust with fuel purchased during the tax period for use in unlicensed vehicles for non-highway purposes is eligible for a tax credit that is apportioned to the members. The pass-through entity must file the IA 4136 with its return. On IA Schedule K-1 or on an attachment to IA Schedule K-1, report the tax credit for each member and instruct the members to report the apportioned tax credit on line 7 of form IA 4136 and include it with their tax returns. Include a copy of the IA 4136 and federal Form 4136 with your return. If you filed a fuel tax refund claim during the tax year, you cannot also claim a Fuel Tax Credit; your refund permit will become invalid if you claim a Fuel Tax Credit. However, the Fuel Tax Credit is not available for casualty losses, transport diversions, idle time, pumping credits, off-loading procedures, reefer units, blending errors, power take-offs, ready mix, solid waste, export by distributors, or tax overpaid on blended fuel. A refund can be claimed for those reasons alongside the Fuel Tax Credit. Dyed diesel fuel is always sold free of Iowa fuel tax. No Fuel Tax Credit may be claimed for dyed diesel fuel. All undyed special fuel used in watercrafts is eligible for the Fuel Tax Credit; however, gasoline used in a watercraft does not qualify for the tax credit unless the watercraft was used by a commercial fisher licensed and operating under an owner’s certificate for commercial fishing gear issued pursuant to Iowa Code section 482.7. Members of a partnership, LLC, S corporation, estate, or trust may claim this tax credit for fuel tax paid by the pass-through entity on fuel that was or will be used in unlicensed vehicles for non-highway purposes. Each member’s share of the credit is found in Part III of the IA Schedule K-1 or attachment. Members must report the pass-through entity name, pass-through entity FEIN on the top of the form and the member’s tax credit amount on line 7. Include a separate list with this information if claiming this credit from multiple pass-through entities but complete only one IA 4136. Federal Employer ID Number or Social Security Number: Enter Federal Employer ID Number or Social Security Number. Do not enter your canceled fuel tax refund permit number. Fuel Used For: Mark the proper box(es) to indicate how the fuel was used. Review your invoices to verify that Iowa fuel tax was paid before claiming a tax credit. This area must be completed. Invoice Gallons: Based on the invoice date, enter total number of whole gallons of fuel purchased on which Iowa fuel tax was paid during your tax year. Invoices must be issued in the name of the taxpayer or entity claiming the tax credit. Retain invoices for three years after your return is filed. Highway Gallons: Enter the number of whole gallons included in invoice gallons that were used on the highway. Claimed Gallons: Subtract highway gallons from invoice gallons to calculate claimed gallons. Fuel Tax Paid: Multiply the claimed gallons by the appropriate tax rate per gallon in each row. Sales Tax: Iowa sales tax is owed on all fuel claimed for the tax credit except that used in exempt activities such as farming and processing. To compute sales tax, within each row, calculate the average cost per gallon of fuel purchased minus the relevant per gallon Iowa fuel tax. Multiply the result by the claimed gallons. Multiply this amount by the Iowa sales tax rate of 6% to calculate the sales tax owed. Fuel Tax Credit: Subtract sales tax from the fuel tax paid. Any Fuel Tax Credit claimed must be net of sales tax owed. Line 7: Pass-Through Fuel Tax Credit - Report any pass-through tax credit amount reported on your K-1. If multiple Fuel Tax Credits were passed through to you, report the sum of those credits here and provide all names and FEINs. Include this form with your IA 1040, IA 1040C, IA 1041, or IA 1120. 41-036c (10/06/20)
IA 4136 Fuel Tax Credit (41036)
More about the Iowa Form IA 4136 Corporate Income Tax Tax Credit TY 2020
We last updated the Computation of Iowa Motor Fuel Tax Credit 41-036 in April 2021, so this is the latest version of Form IA 4136, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form IA 4136 directly from TaxFormFinder. You can print other Iowa tax forms here.
Other Iowa Corporate Income Tax Forms:
|Form Code||Form Name|
|Form IA 1041 Instructions||Fiduciary Tax Return Instructions 63-002|
|Form IA 1041||Fiduciary Return 63-001|
|Form IA 1120ES||Corporate Estimate Tax Payment Voucher|
|Form IA 128||Iowa Research Activities Credit 41-128|
|Form IA 134||S Corporation Apportionment Credit 41-134|
Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 4136 from the Department of Revenue in April 2021.
Form IA 4136 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 4136
We have a total of ten past-year versions of Form IA 4136 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
IA 4136 Fuel Tax Credit (41036)
IA 4136 Fuel Tax Credit (41036)
IA 4136 Fuel Tax Credit
IA 4136 fuel tax credit
IA 4136 fuel tax credit
IA 1040 Iowa Individual Income Tax Form
IA2014 4136, Iowa Fuel Tax Credit
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.