Form Ia 137 - Ethanol Promotion Tax Credit - 2012 Page 2
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4PART II – Determination of Credit
Provide Name and Address of Iowa Retail Motor Fuel Site (for Site-by-site method)
Credit Calculation for both Company-wide
2012 GALLONS
2013 GALLONS
Beginning of tax year through 12-31-12
01-01-13 through end of tax year
and Site-by-site methods
A
B
1. Total ethanol sold. Enter line 5 of Part I...................
1. ____________________
1.
2. Credit rate...............................................................
2. ____________________
2.
If line 12 of Part I = 0, enter .08
If line 12 of Part I = 0, enter .08
(eight cents).
(eight cents).
If line 12 of Part I = 0.01% to 2.00%, enter .06
If line 12 of Part I = 0.01% to 2.00%, enter .06
(six cents).
(six cents).
If line 12 of Part I = 2.01% to 4.00%, enter .04
If line 12 of Part I = 2.01% to 4.00%, enter .04
(four cents).
(four cents).
3. Credit for ethanol sold. Multiply line 1 by line 2 .......
3.
3.
4.
4. Add lines 3A and 3B................................................
PART III – Final Credit Calculation (complete only once for Site-by-site method)
1. Ethanol Promotion Tax Credit:
Line 4 of Part II for Company-wide
Add all line 4’s from all Part II’s for Site-by-site
Enter on Part II of the IA 148 Tax Credits Schedule..................................................................................... 1.
2. Pass-through 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
2.
Part IV of the IA 148 Tax Credits Schedule..................................................................................................
*1241151029999*
41-151b (08/28/12)
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