Form Ia 8864 - Biodiesel Blended Fuel Tax Credit - 2011
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2011 IA 8864
Iowa Department of Revenue
Biodiesel Blended Fuel 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
Pass-through entity (if applicable).
Pass-through FEIN
Attach a list if multiple pass-through entities.
Tax Period Ending
Part I - Determination of Credit
Name and Address of Retail Motor Fuel Site: __________________________________________________________
________________________________________________________________________________________________
1.
Total diesel fuel gallons, including biodiesel fuel gallons, sold
through motor fuel pumps in Iowa during the tax year. Include
..................................................................... 1. ____________________
all diesel fuel and biodiesel fuel gallons.
2.
Total biodiesel fuel gallons sold through motor fuel pumps in
Iowa during the tax year containing a minimum of 2% biodiesel.....................................2. ____________________
%
3.
Divide line 2 by line 1 and enter the percentage here......................................................3. ____________________
If line 3 is less than 50%, STOP. You are not eligible for the
credit. If line 3 equals or exceeds 50%, continue to line 4.
4.
Enter gallons from line 2 sold through December 31, 2011.............................................4. ____________________
5.
Multiply line 4 by .03 (three cents)...................................................................................5. ____________________
6.
Enter gallons from line 2 sold from January 1, 2012 through the
end of the tax year that contain a minimum of 2% biodiesel, but
less than 5% biodiesel (fiscal year filers only).................................................................6. ____________________
7.
7.
Multiply line 6 by .02 (two cents) ...................................................................................
8.
Enter gallons from line 2 sold from January 1, 2012 through the
end of the tax year that contain a minimum of 5% biodiesel
(fiscal year filers only)...................................................................................................... 8. ____________________
9.
Multiply line 8 by .045 (four and one half cents) ..............................................................9. ____________________
10. Biodiesel blended fuel tax credit (add lines 5, 7 and 9) .................................................10. _____________________
Part II - Final Credit Calculation
1. Total Biodiesel Blended Fuel Tax Credit. Add all line 10’s from all
Part I’s for retailers with multiple sites, or use line 10 from
Part I above for single-site retailer.................................................................1. ____________________
2. Pass-through tax credit from partnership, LLC, S corporation, estate, or trust.
Enter on Part II of the IA 148 Tax Credits Schedule and provide pass-through
information on Part IV of the IA 148 Tax Credits Schedule.............................................2. ____________________
NOTE: Complete only one Part II.
*1141149019999*
41-149a (08/23/11)
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