Form Ia 128s - Alternative Simplified Research Activities Tax Credit - 2016 Page 3
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32016 IA 128S Instructions
Iowa. Use 75% for payments made to a qualified
Provide your name, SSN or FEIN, and tax period
research consortium and 100% for payments made for
ending date.
qualified energy research performed by an eligible small
business, university, or federal laboratory. Include
Lines 1 through 7: U.S. qualified research expenses
payments to those same entities to the extent they are
- Enter amounts from the Federal Credit for
included as basic research payments on line 9, not to
Increasing Research Activities, federal form 6765.
exceed the base period amount on line 10, subject to
Lines 1-3 are the same as federal lines 1-3; lines 4-7
the 65% or 75% limitation.
equal federal lines 5-8.
Line 19: Prior research - Enter the total qualified
Line 8: Average U.S. annual gross receipts -
Enter
research expenses in Iowa for the three years before
the average U.S. annual gross receipts for the four
the year in which the tax credit is being determined.
tax years preceding the tax year for which the tax
credit is being determined. For any short year you
Line 23: Alternative Simplified Research Activities
may be required to
annualize gross receipts. See
Tax Credit - Individuals and C corporations must
IRC sections 41(c)(1)(B) and 41(f)(4) for details. Use
enter this amount in column K of Part II on the IA 148
this value to determine the calculation of the
Tax Credits Schedule; use tax credit code 58 in
Supplemental Research Activities Tax Credit if
column I and leave column J blank.
applicable.
Line 24: Supplemental Research Activities Tax
Line 9: Iowa basic research payments - Corporations
Credit - Individuals and C corporations must enter
other
than
S
corporations,
personal
holding
this amount in column K of Part II on the IA 148;
companies,
service
organizations,
LLCs,
and
use tax credit code 59 in column I and report in
partnerships, enter cash payments, pursuant to a
column J the tax credit certificate number from the
written contract, made to a qualified university or
tax credit certificate issued by IEDA.
scientific research organization in Iowa for basic
Line
25:
Pass-through
Alternative
Simplified
research. See IRC section 41(e) for details.
Research Activities Tax Credit - If the taxpayer has
Line 10: Iowa base period amount - Enter the
received any pass-through Alternative Simplified
qualified organization base period amount based on
Research Activities Credit from a partnership, LLC,
minimum basic research amounts for the preceding
S corporation, estate, or trust, indicate that amount
three years, see IRC section 41(e) for details. For
on this line. Also enter the amount in column K of
purposes of apportionment, multiply the amount on line
Part II on the IA 148 Tax Credits Schedule; use tax
3 by the amount on line 9 divided by the amount on line
credit code 58 in column I and leave column J
2.
blank. Provide the pass-through name in column M
and FEIN in column N of Part IV on the IA 148 as
Line 13: Iowa energy consortia research expenses -
well as on the top of this form. File a separate IA
Enter the amounts paid or incurred to energy
128S for each pass-through Alternative Simplified
research consortia in Iowa. In general, an energy
Research Activities Tax Credit received. Also list
research consortium is any organization described in
the claims separately on Part II of the IA 148,
IRC section 501(c)(3) exempt from tax under section
providing each pass-through name and FEIN in
501(a), organized and operated primarily to conduct
Part IV.
energy research, and not a private foundation. These
amounts cannot be included as Iowa expenses
Line 26: Pass-through Supplemental Research
elsewhere on the form.
Activities Tax Credit - If the taxpayer has received
any
pass-through
Supplemental
Alternative
Line 14: Iowa expenses on research wages - Enter
Simplified Research Activities Credit from a
any wages paid to an employee for qualified
partnership, LLC, S corporation, estate, or trust,
research services performed in Iowa.
indicate that amount on this line. Also enter the
Line 15: Iowa expenses on research supplies - Enter
amount
in column K of Part II on the IA 148; use tax
the amounts paid or incurred for supplies used to
credit code 59 in column I. Include the tax credit
conduct qualified research in Iowa.
certificate number reported on Schedule K-1 in column
Line 16: Iowa research expenses on computers -
J and provide the pass-through name in column M
Enter the amount paid or incurred to another person
and FEIN in column N of Part IV on the IA
148.
File
for the right to use computers to conduct qualified
a
separate
IA
128S for
each
pass-through
research in Iowa. This entry must be reduced by any
Supplemental Research Activities Tax Credit received.
amount received or accrued from any other person
Also list the claims separately on Part II of the IA
for the right to use substantially identical personal
148, providing each pass-through name and FEIN
property.
in Part IV.
Line 17: Iowa contract research expenses - Include
65% of qualified research performed on your behalf in
41-124c (06/12/16)
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