Form Ia 137 - Ethanol Promotion Tax Credit - 2011
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1
2Iowa Department of Revenue
2011 IA 137
Ethanol Promotion Tax Credit
This is not a motor fuel tax credit or refund form. It is an income tax form.
Attach a copy to your Iowa individual or corporation income tax return.
Name(s)
SSN or FEIN
Tax Period Ending
Pass-through entity (if applicable). Attach a list if multiple pass-through entities.
Pass-through FEIN
PART I – Determination of Biofuel Distribution Percentage and Biofuel Threshold Percentage Disparity
Indicate determination method:
2011 GALLONS
2012 GALLONS
Company-wide
Site-by-site
Beginning of tax year through 12-31-11
01-01-12 through end of tax year
A
B
C (A x B)
D
E
F (D x E)
1.
E10 gallons sold
1.
1.
10%
10%
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
E15 gallons sold
2.
15%
2.
15%
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
E85 gallons sold
3.
79%
3.
79%
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ethanol gallons otr. than E10, E15, or E85 sold
4.
4.
%
4.
%
. . . . . . . . . . . . . . . .
5.
5.
5.
Total ethanol sold. Add lines 1 through 4
. . . . . . . . . . . . .
Non-ethanol gasoline gallons sold
6.
6.
6.
. . . . . . . . . . . . . . . . . . . . .
7.
Total gasoline gallons sold. Add lines 1, 2, 3, 4 & 6
7.
7.
. . . . . . . . . . . . .
8.
Gallons of biodiesel sold
a.
2%
2%
B2 gallons
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b.
5%
5%
B5 gallons
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B10 gallons
c.
10%
10%
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
d.
20%
20%
B20 gallons
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Other biodiesel gallons
e.
%
%
. . . . . . . . . . . . . . . . . . . .
8.
8.
8.
Total biodiesel sold. Add lines a through e
. . . . . . . . . . . .
9.
9.
9.
Total biofuel sold. Add lines 5 and 8.
. . . . . . . . . . . . . . . . . .
10.
Divide line 9 by line 7, round to 2 decimal places;
10.
%
10.
%
. .
i.e. 12.05% (Biofuel distribution percentage)
%
%
11.
Biofuel threshold percentage
11.
11.
. . . . . . . . . . . . . . . . . . . . . . . . . .
Fiscal year filers see instructions to annualize line 7.
If line 7 for 2011 for all sites is 200,000 gallons or less, enter 10%.
If line 7 for 2012 for all sites is 200,000 gallons or less, enter 11%.
If line 7 for 2011 for all sites is more than 200,000 gallons, enter 12%.
If line 7 for 2012 for all sites is more than 200,000 gallons, enter 13%.
12.
Subract line 10 from line 11, to 2 decimal places. If zero or less, enter
zero. (Biofuel threshold percentage disparity)
12.
%
12.
%
. . . . . . .
If line 12 is 4.01% or more, you are not eligible for the credit.
CS
41-151a (08/23/11)
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