Instructions For Form Ia 148 - Iowa Tax Credits Schedule - 2014 Page 2
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4exceed total liability (line 49 on the IA 1040 for
the allowable carryforward period for each of
individual income tax), credits are to be claimed
the
nonrefundable
tax
credits.
The
in the order provided in
Iowa Administrative
carryforward period listed in the table begins
Rule 701-42.44
for individual income tax and
the year after the first tax year in which the tax
fiduciary income tax, and
Iowa Administrative
credit can be claimed.
Tax credits awarded or
Rule 701-52.12
for corporation income tax,
earned in the year listed under the third column
franchise tax, and insurance premiums tax.
must be applied against tax liability on this
return. Any remaining balance cannot be
Column G: Expired Credit Amount -
Enter
carried forward to the next tax year and must
the amount of any credit that has expired. The
be included under Column G as an expired
remaining credit expires if the entire credit is not
credit amount.
If NA appears, no amounts of
claimed by the end of the carryforward period
those credits expired in tax year 2014.
(see table below).
The following table provides
Any Unclaimed Credits
Issued in the Listed Year
Tax Credit Code and Tax Credit Name
Carryforward Period
will Expire this Tax Year
03
Endow Iowa Tax Credit
5 years
2009
04
Franchise Tax Credit
Cannot be carried
2014
forward
06
Housing Investment Tax Credit
7 years
2007
07
Investment Tax Credit
7 years
2007
08
New Jobs Tax Credit
10 years
2004
09
Minimum Tax Credit
Unlimited
NA
10
Renewable Energy Tax Credit
7 years
2007
11
S Corporation Apportionment Tax Credit
Cannot be carried
2014
forward
12
School Tuition Organization Tax Credit
5 years
2009
13
Venture Capital - Fund of Funds Tax Credit
7 years
NA
14
Venture Capital - Qualifying Business or
5 years
2009
Community-Based Seed Capital Fund Tax
Credit
15
Venture Capital - Venture Capital Funds Tax
5 years
2009
Credit
16
Wind Energy Production Tax Credit
7 years
2007
17
Agricultural Assets Transfer Tax Credit
10 years (for awards
NA
made in 2008 and later)
18
Film Expenditure Tax Credit
5 years
2009
19
Film Investment Tax Credit
5 years
2009
20
Charitable Conservation Contribution Tax Credit
20 years
NA
21
Redevelopment Tax Credit
5 years
2009
22
Solar Energy System Tax Credit
10 years
NA
23
Geothermal Heat Pump Tax Credit
10 years
NA
24
Custom Farming Contract Tax Credit
10 years (for awards
NA
made in 2008 and later)
25
Innovation Fund Tax Credit
5 years
NA
26
Farm to Food Donation Tax Credit
5 years
NA
27
Workforce Housing Investment Tax Credit
5 years
NA
41-153b (07/23/14)
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