Instructions For Form Ia 148 - Iowa Tax Credits Schedule - 2014 Page 4
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427 Workforce Housing Investment Tax Credit
The list of credits included in the instructions for
(awarded after July 1, 2014)
column A and column I include tax credits for
all types of taxpayers. The following provides
The following refundable tax credits may be
information about what tax credits can be
claimed against the franchise tax:
claimed by the various tax types.
56 Historic Preservation and Cultural and
Entertainment District Tax Credit
Related to Individual Income and Fiduciary
Tax:
62 Corporation Tax Credit for Third Party
Sales Tax
Individuals using filing status 3 (married filing
separately on this combined return) must
Related to Insurance Premium Tax:
complete a separate form IA 148 for each
spouse with credits to claim.
The following nonrefundable tax credits may be
claimed against the insurance premium tax:
Individuals are allowed to claim all tax credits
on the individual income and fiduciary tax
03 Endow Iowa Tax Credit
returns except the Assistive Device Tax Credit
06 Housing Investment Tax Credit (awarded
and Corporation Tax Credit for Third Party
before July 1, 2014)
Sales Tax.
07 Investment Tax Credit
Related to Corporation Income Tax:
09 Minimum Tax Credit
All of the tax credits except the Adoption Tax
10 Renewable Energy Tax Credit
Credit, Claim of Right Tax Credit, Geothermal
13 Venture Capital - Fund of Funds Tax
Heat Pump Tax Credit, and S Corporation
Credit
Apportionment Tax Credit are allowed to be
14 Venture Capital - Qualifying Business or
claimed on corporation income tax returns.
Community-Based Seed Capital Fund
Related to Franchise Tax:
Tax Credit (carryforward amounts only)
15 Venture Capital - Venture Capital Funds
The following nonrefundable tax credits may be
claimed against the franchise tax:
Tax Credit (carryforward amounts only)
03 Endow Iowa Tax Credit
16 Wind Energy Production Tax Credit
06 Housing Investment Tax Credit (awarded
18 Film Expenditure Tax Credit
before July 1, 2014)
19 Film Investment Tax Credit
07 Investment Tax Credit
21 Redevelopment Tax Credit
09 Minimum Tax Credit
25 Innovation Fund Tax Credit
10 Renewable Energy Tax Credit
27 Workforce Housing Investment Tax Credit
13 Venture Capital - Fund of Funds Tax
(awarded after July 1, 2014)
Credit
The following refundable tax credits may be
14 Venture Capital - Qualifying Business or
claimed against the insurance premium tax:
Community-Based Seed Capital Fund
56 Historic Preservation and Cultural and
Tax Credit (carryforward amounts only)
Entertainment District Tax Credit
15 Venture Capital - Venture Capital Funds
62 Corporation Tax Credit for Third Party
Tax Credit (carryforward amounts only)
Sales Tax
16 Wind Energy Production Tax Credit
Tax credits available to be claimed against the
18 Film Expenditure Tax Credit
insurance premium tax can be applied against the
19 Film Investment Tax Credit
portion of the insurance premiums tax related to
21 Redevelopment Tax Credit
the retaliatory tax set forth in Iowa Code section
22 Solar Energy System Tax Credit
505.14.
25 Innovation Fund Tax Credit
41-153d (07/23/14)
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