Fillable Form Ia 133 - Iowa New Jobs Tax Credit

Form Ia 133 - Iowa New Jobs Tax Credit - 2016

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2016 IA 133

Iowa New Jobs Tax Credit

https://tax.iowa.gov

Name(s)

SSN or FEIN

Pass-Through Entity (if applicable)

Pass-Through FEIN __________________________ Tax Period Ending Date

Tax credit certificate number for 260E agreement with a community college

If you claimed the New Jobs Tax Credit under this agreement in a prior tax year, you are NOT eligible to

claim it again for the same new jobs.

Part I: Eligibility for New Jobs Tax Credit

1. Base employment level at the location with the 260E agreement ............ 1.

2. Number of new jobs directly resulting from the project covered by the

agreement for which the tax credit is being claimed from line 1 of

Schedule A ................................................................................................. 2.

3. Number of new jobs directly related to the jobs in line 2 for which the

tax credit is being claimed from line 1 of Schedule B ............................... 3.

4. Total new jobs claimed. Add lines 2 and 3. If partial jobs were

reported, round down to the nearest whole number ................................. 4.

5. Increased employment percentage. Divide line 4 by line 1 and round to

three decimals (ex. 10.3%). If line 1 equals zero, report 10.0%.

If this number is less than 10.0%, you are not eligible for the New Jobs

Tax Credit for this tax year. Do not claim this tax credit ........................... 5.

Part II: Calculation of the New Jobs Tax Credit

6. Qualifying taxable wages for eligible new jobs for which the tax credit

is being claimed in tax year 2016. Add total qualifying taxable wages

from line 2 of Schedule A and line 2 of Schedule B .................................. 6.

7. Tax credit rate is 6.0% .......................................................................................... 7.

x 0.06

8. New Jobs Tax Credit. Multiply line 6 by line 7. Enter in column D of

Part I on the IA 148 Tax Credits Schedule ................................................ 8.

9. Pass-through New Jobs Tax Credit from partnership, LLC, S corporation,

estate, or trust. Enter in column D of Part I and complete Part IV on the

IA 148 Tax Credits Schedule .................................................................... 9.

10. Carryforward of New Jobs Tax Credit from tax year 2015 under the

Tax credit certificate number listed above. Enter in column C of Part I

on the IA 148 Tax Credits Schedule ......................................................... 10.

IA 148 Tax Credits Schedule must be completed.

41-133a (07/19/16)

Form Ia 133 - Iowa New Jobs Tax Credit - 2016

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