Fillable Form Ia 148 - Tax Credits Schedule

2012 IA 148 Tax Credits Schedule Instructions

Part II: Refundable Tax Credits

enclose that form with your tax return. If a credit is

received from a pass-through entity, Part IV must also be

Column I: Enter the tax credit code from the table

completed for the credit.

below for the credit claimed on each line.

51 Assistive Device Tax Credit

Part III: Total Credits

52 Biodiesel Blended Fuel Tax Credit (enclose form

Enter the sum of the total boxes for Part I and Part II.

IA 8864)

This total is entered on line 17 of IA 1120F, line 30 of IA

53 Claim of Right Tax Credit

1041, or the miscellaneous line of the Iowa Insurance

55 E85 Gasoline Promotion Tax Credit (enclose

Premium Tax Return.

form IA 135)

56 Historic Preservation and Cultural and

Part IV: Pass-Through Entity Schedule

Entertainment District Tax Credit

58 Research Activities Credit (enclose form IA 128

Businesses that are organized as pass-through entities

or form IA 128S)

(such as partnerships, limited liability companies,

59 Supplemental Research Activities Credit

S corporations, etc.) earn tax credits at the business

(enclose form IA 128 or form IA 128S)

level, but the credits are claimed by individuals and

62 Third Party Sales Tax Credit

businesses that are members of the ownership group. For

63 Wage-Benefit Tax Credit

each line in Part I or Part II with a credit received from a

64 Ethanol Promotion Tax Credit (enclose form IA

pass-through entity, complete a corresponding line in

137)

Part IV to indicate the source of the credits.

65 E15 Plus Gasoline Promotion Tax Credit

Column L: Enter the line number from Part I or Part II

(enclose form IA 138)

that includes credits received from a pass-through entity.

Column J: Enter the tax credit certificate number

This includes any carryforward (column C) claimed

received from the agency or organization that awarded

from credits received in prior years from a pass-through

the tax credit. Tax credits awarded before July 2006 may

entity.

not have a certificate number.

Column M: Enter the name of the pass-through entity

The following refundable credits do not require a

from which credits were received.

certificate number:

Column N: Enter the Federal Employer Identification

52 Biodiesel Blended Fuel Tax Credit

Number (FEIN) of the pass-through entity from which

53 Claim of Right Tax Credit

credits were received. This FEIN should be the same

55 E85 Gasoline Promotion Tax Credit

number provided to the awarding agency or

64 Ethanol Promotion Tax Credit

organization. It also should be the same FEIN used to

58 Research Activities Credit

complete any required information returns (such as form

65 E15 Plus Gasoline Promotion Tax Credit

IA 1065 and Schedule K-1 for partnerships).

Column K: Enter the total amount of credit you earned

Column O: Enter the percentage share of credits earned

directly or received from a pass-through entity (see

by the pass-through entity that you are claiming. Enter

definition of pass-through entity in instructions for Part

the percentage with one decimal place.

IV) during the current tax year. The instructions for

column I indicate if a credit requires a separate form. If

the credit you are claiming lists a form number, please

41-148c (09/27/12)

Form Ia 148 - Tax Credits Schedule - 2012 Page 3

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