Instructions For Form Ia 148 - Iowa Tax Credits Schedule - 2014

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2014 IA 148 Tax Credits Schedule Instructions
Include the IA 148 Tax Credits Schedule with
23 Geothermal Heat Pump Tax Credit
the tax return on which tax credits are being
(include federal form 5695)
claimed. This schedule is used to claim tax
24 Custom Farming Contract Tax Credit
credits against individual income tax, fiduciary
25 Innovation Fund Tax Credit
income tax, corporation income tax, franchise
26 Farm to Food Donation Tax Credit
tax, and insurance premium tax liabilities.
27 Workforce Housing Investment Tax Credit
Each credit should be entered on a separate
line. Also, a separate line should be used for
(awarded after July 1, 2014)
each unique tax credit certificate number.
*Do not claim school or college expenses paid for
Part I—Nonrefundable Tax Credits
you or your dependents or a contribution to a
College Savings Iowa Advisor 529 Education
Column A: Tax Credit Code -
Enter the tax
Savings Plan as a School Tuition Organization
credit code from the table below for the credit
Tax Credit. You may be able to claim K-12
claimed on each line.
school expenses using the Tuition and Textbook
03 Endow Iowa Tax Credit
Tax Credit. You may be able to deduct College
04 Franchise Tax Credit (include form IA 147)
Savings Iowa Advisor 529 Education Savings
06 Housing Investment Tax Credit (awarded
Plan or college expenses as other adjustments
before July 1, 2014)
on the IA1040. Please see the
expanded
instructions online
to determine if you are
07 Investment Tax Credit
eligible.
08 New Jobs Tax Credit (refer to worksheet
Column B: Certificate Number -
Enter the tax
IA 133)
credit certificate number received from the
09 Minimum Tax Credit (include form IA 8801
agency or organization that awarded the tax
for claims on IA 1040 and IA 1041; or form
credit except for the following:
IA 8827 for claims on IA1120)
04 Franchise Tax Credit
10 Renewable Energy Tax Credit
09 Minimum Tax Credit
11 S Corporation Apportionment Tax Credit
11 S Corporation Apportionment Tax Credit
(include form IA 134)
20 Charitable Conservation Contribution Tax
12 School Tuition Organization (STO) Tax
Credit
Credit - See below*
23 Geothermal Heat Pump Tax Credit
13 Venture Capital - Fund of Funds Tax
Credit
Column C: Amount Carried Forward from
Prior Year -
Enter any amount carried forward
14 Venture Capital - Qualifying Business or
from tax year 2013 for each of the credits being
Community-Based Seed Capital Fund
claimed,
separating
credits
by
certificate
Tax Credit (carryforward amounts only)
number.
15 Venture Capital - Venture Capital Funds
Column D: Current Year Amount -
Enter the
Tax Credit (carryforward amounts only)
total amount of credit you earned directly or
16 Wind Energy Production Tax Credit
received from a pass-through entity during tax
17 Agricultural Assets Transfer Tax Credit
year 2014 (see definition of pass-through entity
18 Film Expenditure Tax Credit
in instructions for Part IV). Part IV must be
19 Film Investment Tax Credit
completed if a credit is received from a pass-
through entity.
20 Charitable Conservation Contribution Tax
Column F: Current Year Amount Applied -
Credit (include federal form 8283)
Enter the amount of each credit being applied to
21 Redevelopment Tax Credit
the current tax year. The sum of column F may
22 Solar Energy System Tax Credit (include
not exceed total tax liability. If credits available
federal form 3468)
41-153a (07/23/14)

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