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Iowa Free Printable IA 8864 Iowa Biodiesel Blended Fuel Tax Credit (41149) for 2021 Iowa Biodiesel Blended Fuel Tax Credit 41-149

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Biodiesel Blended Fuel Tax Credit 41-149
IA 8864 Iowa Biodiesel Blended Fuel Tax Credit (41149)

2020 IA 8864 Iowa Biodiesel Blended Fuel Tax Credit tax.iowa.gov Name(s):_______________________________________________ SSN or FEIN: ________________ Pass-through entity (if applicable): _______________________________________________________ Pass-through FEIN: ____________________________ Tax period ending date: _________________ 1. Total number of biodiesel fuel gallons containing a minimum of 5% to 10% pure biodiesel sold at retail in Iowa .................................................................................. 1. ______________ 2. Biodiesel Blended Fuel Tax Credit for B5-B10 blends. Multiply line 1 by the tax credit rate per gallon of $0.035 (three and one-half cents) ..................................... 2. ______________ 3. Total number of biodiesel fuel gallons containing a minimum of 11% pure biodiesel sold at retail in Iowa .................................................................................. 3. ______________ 4. Biodiesel Blended Fuel Tax Credit for B11 plus blends. Multiply line 3 by the tax credit rate per gallon of $0.055 (five and one-half cents)........................................ 4. ______________ 5. Biodiesel Blended Fuel Tax Credit. Add lines 2 and 4. Enter in column K of Part II on the IA 148 Iowa Tax Credits Schedule .............................................................. 5. ______________ 6. Pass-through Biodiesel Blended Fuel Tax Credit from partnership, LLC, S corporation, estate, or trust. Enter in column K of Part II on the IA 148 Iowa Tax Credits Schedule and complete Part IV of the IA 148 ..................................... 6. ______________ IA 148 Tax Credits Schedule must be completed. 41-149a (09/29/2020) 2020 IA 8864 Instructions An Iowa Biodiesel Blended Fuel Tax Credit is available to retail dealers of diesel 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 biodiesel blended fuel with a minimum percentage of 5% by volume of biodiesel. A taxpayer may claim the Biodiesel Blended Fuel Tax Credit even if the taxpayer reports the same biodiesel gallons for the Iowa Ethanol Promotion Tax Credit (IA 137). The tax credit equals three and one-half cents multiplied by the total number of gallons of biodiesel blended fuel with 5% to 10% biodiesel and five and one-half cents multiplied by the total number of gallons of biodiesel with 11% or higher biodiesel. See Iowa Code section 422.11P and Iowa Administrative Code rules 701—42.34 and 52.31 for more information. Provide your name, Social Security Number (SSN) or Federal Employer Identification Number (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 Iowa Tax Credits Schedule; use tax credit code 52 in column I and leave column J blank. If the retailer is a partnership, Limited Liability Company (LLC), S corporation, estate, or trust, this form must be completed and included with the Iowa income tax return. The tax credit must be allocated to the 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 6 of the IA 8864 and include the form with their income tax returns. If the taxpayer has received any pass-through Biodiesel Blended Fuel Tax Credit from a partnership, LLC, S corporation, estate, or trust, indicate that amount on line 6. Also enter the amount in column K of Part II on the IA 148 Iowa Tax Credits Schedule; use tax credit code 52 in column I and leave column J blank. Provide the pass-through entity name in column M and FEIN in column N of Part IV on the IA 148 Iowa Tax Credits Schedule. File a separate IA 8864 for each pass-through Biodiesel Blended Fuel Tax Credit received. Also list the claims separately on Part II of the IA 148 Iowa Tax Credits Schedule, providing each pass-through entity 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. 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. 41-149b (09/29/2020)
Extracted from PDF file 2020-iowa-form-ia-8864.pdf, last modified September 2020

More about the Iowa Form IA 8864 Corporate Income Tax Tax Credit TY 2020

We last updated the Biodiesel Blended Fuel Tax Credit 41-149 in April 2021, so this is the latest version of Form IA 8864, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form IA 8864 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 1120 Iowa Corporation Income Tax Return
Form IA 130 Out-of-State Tax Credit 41-130
Form IA 1041 Fiduciary Return 63-001
Form IA 1041 Instructions Fiduciary Tax Return Instructions 63-002
Form IA 1120ES Corporate Estimate Tax Payment Voucher

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 8864 from the Department of Revenue in April 2021.

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Form IA 8864 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 8864

We have a total of ten past-year versions of Form IA 8864 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form IA 8864

IA 8864 Iowa Biodiesel Blended Fuel Tax Credit (41149)

2019 Form IA 8864

IA 8864 Iowa Biodiesel Blended Fuel Tax Credit, 41-149

2018 Form IA 8864

IA 8864 Iowa Biodiesel Blended Fuel Tax Credit (41149)

2017 Form IA 8864

IA 8864 Iowa Biodiesel Blended Fuel Tax Credit (41149)

2016 Form IA 8864

IA 8864 Iowa Biodiesel Blended Fuel Tax Credit (41149)

Biodiesel Blended Fuel Tax Credit 41-149 2015 Form IA 8864

IA 8864, Iowa Biodiesel Blended Fuel Tax Credit (41-149).pmd

Biodiesel Blended Fuel Tax Credit 41-149 2014 Form IA 8864

IA 8864, Iowa Biodiesel Blended Fuel Tax Credit (41-149).pmd

Biodiesel Blended Fuel Tax Credit 41-149 2013 Form IA 8864

41149 (IA 8864).pmd

2012 Form IA 8864

41149 (IA 8864).pmd

2011 Form IA 8864

41149 (IA 8864).pmd


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