Instructions For Form Ia 148 - Iowa Tax Credits Schedule

66 Adoption Tax Credit

Part II—Refundable Tax Credits

Column K: Current Year Amount -

Enter the

Column I: Tax Credit Code -

Enter the tax

total amount of credit you earned directly or

credit code from the table below for the credit

received from a pass-through entity (see

claimed on each line.

definition of pass-through entity in instructions

51 Assistive Device Tax Credit

for Part IV) during the current tax year. Part IV

52 Biodiesel Blended Fuel Tax Credit

must be completed if a credit is received from a

(include form IA 8864)

pass-through entity.

53 Claim of Right Tax Credit

Part IV—Pass-Through Entity Information

55 E85 Gasoline Promotion Tax Credit

from Schedule K-1

(include form IA 135)

Businesses that are organized as pass-through

56 Historic Preservation and Cultural and

entities (partnerships, limited liability companies,

Entertainment District Tax Credit

S corporations, estates, and trusts) earn tax

58 Research Activities Credit (include form IA

credits at the entity level, but the credits are

128 or form IA 128S)

claimed by individuals and businesses that are

59 Supplemental Research Activities Credit

members of the ownership group. Pass-through

(include form IA 128 or form IA 128S)

entities report these tax credits on the Schedule

62 Corporation Tax Credit for Third Party

K-1 provided to each member. For each line in

Sales Tax – See below*

Part I or Part II with a credit received from a

pass-through entity, complete a corresponding

64 Ethanol Promotion Tax Credit (include

line in Part IV to indicate the entity who was

form IA137)

awarded or earned the credits.

65 E15 Plus Gasoline Promotion Tax Credit

Column L: Line Number -

Enter the line

(include form IA 138)

number from Part I or Part II that includes credits

66 Adoption Tax Credit

received from a pass-through entity. This

*The Corporation Tax Credit for Third Party

includes any carryforward (column C) claimed

from credits received in prior years from a pass-

Sales Tax is initially awarded by the Economic

Development Authority. You must submit an

through entity.

application to the Department of Revenue

Column M: Pass-Through Entity Name -

reporting eligible sales tax paid by a third party

Enter the name of the pass-through entity from

within

one

year

construction

project

which credits were received.

completion. The Department will issue a tax

Column N: Pass-Through Entity FEIN -

Enter

credit certificate and you can then claim the

the Federal Employer Identification Number

amount included on the certificate on your

(FEIN) of the pass-through entity from which

corporation

return.

The

application

and

credits were received. This FEIN should be the

instructions can be found under sales tax

same number provided to the awarding agency

forms at the

Department

website.

or organization. It also should be the same FEIN

Column J: Certificate Number -

Enter the

used to complete any required information

tax credit certificate number received from the

returns (such as form IA 1065 and Schedule K-1

agency or organization that awarded the tax

for partnerships).

credit except for the following:

Column O: Taxpayer’s Share of Credit from

52 Biodiesel Blended Fuel Tax Credit

Pass-Through Entity -

Enter the share of

53 Claim of Right Tax Credit

credits earned by or awarded to the pass-

through entity that you are claiming. Enter the

55 E85 Gasoline Promotion Tax Credit

share as a percentage with one decimal place.

58 Research Activities Credit

64 Ethanol Promotion Tax Credit

65 E15 Plus Gasoline Promotion Tax Credit

41-153c (07/23/14)

Instructions For Form Ia 148 - Iowa Tax Credits Schedule - 2014 Page 3

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