Fillable Form Ia 8864 - Biodiesel Blended Fuel Tax Credit

Form Ia 8864 - Biodiesel Blended Fuel Tax Credit - 2013

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2013 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.

Enclose this form with 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

_________________________________________________________________________________________________

1. Total biodiesel fuel gallons sold through motor fuel pumps in Iowa

during the tax year containing a minimum of 5% biodiesel.

....................................... ...

x $0.045

2. Rate .045 (four and one-half cents). ............................................................................... 2.

3. Multiply line 1 by line 2. Enter on Part II of the IA 148 Tax Credits Schedule. ............... 3.

4. Pass-through tax credit from partnership, LLC, S corporation, estate, or trust.

Enter information on Part II and Part IV of the IA 148 Tax Credits Schedule. ................ 4.

Instructions

A Biodiesel Blended Fuel Tax Credit is available to retail dealers of diesel fuel who operate motor fuel pumps at

a retail motor fuel site. Tank wagons are considered retail motor fuel sites.

The amount of the credit is four and one half cents multiplied by the number of gallons sold during 2013 that

contain a minimum of 5% biodiesel.

The IA 8864 should be completed for all gallons sold in Iowa. Enter the credit calculated on line 3 in Part II of the

IA 148 Tax Credits Schedule.

If the taxpayer is a partnership, LLC, S corporation, estate, or trust, the credit must be allocated to the individual

owners in the ratio of each owner’s share of the earnings of the entity to the entity’s total earnings.

If the taxpayer has received any pass-through Biodiesel Blended Fuel Tax Credit from a partnership, LLC,

S corporation, estate, or trust, indicate that amount on line 4 of the IA 8864. Also enter the amount on Part II of

the IA 148 Tax Credits Schedule, providing the pass-through name and FEIN in Part IV of the IA 148 Tax Credits

Schedule. If the taxpayer has received multiple pass-through Biodiesel Blended Fuel Tax Credit claims, sum all

claims and enter on line 4 of the IA 8864, but list the claims separately on Part II of the IA 148 Tax Credits

Schedule, providing each pass-through name and FEIN in Part IV.

Any credit in excess of the tax liability can be refunded. In lieu of the refund, the taxpayer may elect to have

the overpayment credited to the tax liability for the following year.

The IA 148 Tax Credit Schedule must be completed.

*1341149019999*

41-149a (09/16/13)

Form Ia 8864 - Biodiesel Blended Fuel Tax Credit - 2013

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