Form Ia 137 - Ethanol Promotion Tax Credit - Iowa Department Of Revenue - 2008 Page 2
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4PART II – Determination of Credit
Complete one form for each Retail Motor Fuel Site
Name and Address of Retail Motor Fuel Site:
Use this column to
Use this column to
_____________________________________________
calculate the credit
enter the total of all
_____________________________________________
for this retail motor
retail motor fuel
_____________________________________________
fuel site only
sites
1. Total amount of E10 gasoline gallons sold at this retail
motor fuel site from January 1, 2009, until the end of
the fiscal year ......................................................................... 1) __________________
__________________
2. Multiply line 1 by 10% ............................................................ 2) __________________
__________________
3. Total amount of E85 gasoline gallons sold at this retail
motor fuel site from January 1, 2009, until the end of
the fiscal year ......................................................................... 3) __________________
__________________
4. Multiply line 3 by 79% ............................................................ 4) __________________
__________________
5. Total amount of non-ethanol blended gasoline gallons
sold at this retail motor fuel site from January 1, 2009,
until the end of the fiscal year ................................................ 5) __________________
__________________
6. Total gasoline gallons sold at this retail motor fuel site
from January 1, 2009, until the end of the fiscal year
(add lines 1, 3 and 5) ............................................................. 6) __________________
__________________
7. Add lines 2 and 4 ................................................................... 7) __________________
__________________
8. Total ethanol promotion tax credit
If line 11 of Part I = 0, multiply line 7 by .065
(six and one-half cents)
If line 11 of Part I is 0.01% to 2.00%, multiply
line 7 by .045 (four and one-half cents)
If line 11 of Part I is 2.01% to 4.00%, multiply
line 7 by .025 (two and one-half cents)
Enter the result here and on the IA 148
Tax Credits Schedule ............................................................ 8) __________________
__________________
Amount to enter if
Amount to enter if
only one site.
more than one site.
41-151b (8/14/08)
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