Form Ia 137 - Iowa Ethanol Promotion Tax Credit - 2014 Page 2
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5PART II – Determination of Credit
For Site-by-site method, provide name and address of Iowa Retail Motor Fuel Site
Name
Address
City and ZIP
Credit calculation for both Company-
2014 Gallons
2015 Gallons
Beginning of tax year through 12-31-14
01-01-15 through end of tax year
wide and Site-by-site methods
A
B
1.
Total pure ethanol sold. Enter line
5 of Part I, Column C/F ..................
1.
1.
2.
Eligible tax credit rate per gallon....
2.
2.
If column A, line 12 of Part I=0.00%, enter
If column D, line 12 of Part I=0.00%, enter
$0.08 (eight cents)
$0.08 (eight cents)
If column A, line 12 of Part I=0.01 to 2.00%,
If column D, line 12 of Part I=0.01 to 2.00%,
enter $0.06 (six cents)
enter $0.06 (six cents)
If column A, line 12 of Part I=2.01 to 4.00%,
If column D, line 12 of Part I=2.01 to 4.00%,
enter $0.04 (four cents)
enter $0.04 (four cents)
3.
Credit for ethanol sold. Multiply
line 1 by line 2 ...............................
3.
3.
4.
Add lines 3A and 3B ......................
4.
PART III – Final Credit Calculation (complete only once for Site-by-site method)
1.
Ethanol Promotion Tax Credit:
Company-wide method - Line 4 of Part II
Site-by-site method - Add all line 4’s from all Part II’s ......................................
1.
2.
Pass-through Ethanol Promotion Tax Credit from partnership, LLC, S
corporation, estate, or trust.
Enter on Part II of the IA 148 Tax Credits Schedule and provide pass-through
information on Part IV ...............................................................................................
2.
IA 148 Tax Credits Schedule must be completed.
41-151b (07/05/14)
*1441151029999*
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