Form Ia 128s - Iowa Alternative Simplified Research Activities Tax Credit - 2015 Page 3
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32015 IA 128S Instructions
Line 18: Iowa contract research expenses -
Include 65% of qualified research performed on your
Provide your name, SSN or FEIN, and tax period ending
behalf in Iowa. Use 75% for payments made to a
date.
qualified research consortium and 100% for payments
Lines 1 through 7: U.S. qualified research
made for qualified energy research performed by an
expenses
- Enter amounts from the Federal Credit
eligible small business, university, or federal laboratory.
for Increasing Research Activities, federal form
Include payments to those same entities to the extent
6765. Lines 1-3 are the same as federal lines 1-3;
they are included as basic research payments on line 10,
lines 4-7 equal federal lines 5-8.
not to exceed the base period amount on line 11,
Average U.S. annual gross receipts -
Line 8:
subject to the 65% or 75% limitation.
Enter the average U.S. annual gross receipts for the
Line 20: Prior research - Enter the total qualified
four tax years preceding the tax year for which the
research expenses in Iowa for the three years before
tax credit is being determined. For any short year you
the year in which the tax credit is being determined.
may be required to
annualize gross receipts. See IRC
Line 24: Alternative Simplified Research Activities
sections 41(c)(1)(b) and 41(f)(4) for details. Use this
Tax Credit - Individuals and C corporations must
value to determine the calculation of the Supplemental
enter this amount in column K of Part II on the IA 148
Research Activities Tax Credit if applicable.
Tax Credits Schedule; use tax credit code 58 in
Line 9: Iowa energy consortia research expenses -
column I.
Enter the amounts paid or incurred to energy research
Line 25: Supplemental Research Activities Tax
consortia in Iowa. In general, an energy research
Credit - Individuals and C corporations must enter
consortium is any organization described in IRC
this amount in column K of Part II on the IA 148; use
section 501(c)(3) exempt from tax under section
tax credit code 59 in column I and report in column J
501(a), organized and operated primarily to conduct
the tax credit certificate number from the tax credit
energy research, and not a private foundation. These
certificate issued by IEDA.
amounts cannot be included as Iowa expenses
Line 26: Pass-through Alternative Simplified
elsewhere on the form.
Research Activities Tax Credit - If the taxpayer has
Line
10:
Iowa
basic
research
expenses
-
received any pass-through Alternative Simplified
Corporations other than S corporations, personal
Research Activities Credit from a partnership, LLC,
holding companies, service organizations, LLCs, and
S corporation, estate, or trust, indicate that amount
partnerships, enter cash payments, pursuant to a
on this line. Also enter the amount in column K of
written contract, made to a qualified university or
Part II on the IA 148 Tax Credits Schedule; use tax
scientific research organization in Iowa for basic
credit code 58 in column I. Provide the pass-through
research. See IRC section 41(e) for details.
name in column M and FEIN in column N of Part IV
Line 11: Iowa base period amount - Enter the
on the IA 148 as well as on the top of this form. File
qualified organization base period amount based on
a separate IA 128S for each
pass-through
minimum basic research amounts for the preceding
Alternative Simplified Research Activities Tax
three years, see IRC section 41(e) for details. For
Credit received. Also list the claims separately on
purposes of apportionment, multiply the amount on line
Part II of the IA 148, providing each pass-through
3 by the amount on line 10 divided by the amount on line
name and FEIN in Part IV.
2.
Line 27: Pass-through Supplemental Research
Line 15: Iowa expenses on research wages - Enter
Activities Tax Credit - If the taxpayer has received
any wages paid to an employee for qualified research
any
pass-through
Supplemental
Alternative
services performed in Iowa.
Simplified
Research Activities
Credit
from
a
Line 16: Iowa expenses on research supplies -
partnership, LLC, S corporation, estate, or trust,
Enter the amounts paid or incurred for supplies used
indicate that amount on this line. Also enter the
to conduct qualified research in Iowa.
amount
in column K of Part II on the IA 148; use tax
credit code 59 in column I. Provide the pass-through
Line 17: Iowa research expenses on computers -
name in column M and FEIN in column N of Part IV
Enter the amount paid or incurred to another person
on the IA
148.
File a separate IA 128S for each pass-
for the right to use computers to conduct qualified
through Supplemental Research Activities Tax Credit
research in Iowa. This entry must be reduced by any
received.
Also list the claims separately on Part II of
amount received or accrued from any other person
the IA 148, providing each pass-through name and
for the right to use substantially identical personal
FEIN in Part IV.
property.
41-124c (07/28/15)
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