Iowa Department of Revenue
2015 IA 137
https://tax.iowa.gov
Iowa Ethanol Promotion Tax Credit
Name(s)
SSN or FEIN
Tax Period Ending Date
Pass-Through Entity Name (if applicable)
Pass-Through FEIN
PART I – Determination of Biofuel Threshold Percentage Disparity
2015 GALLONS
2016 GALLONS
Indicate determination method:
Beginning of tax year
01-01-16 through
through 12-31-15
end of tax year
Company-wide
Site-by-site
A
B
C (AxB)
D
E
F (DxE)
1. E10 gallons sold at retail ...............................
1.
10%
1.
10%
2. E15 gallons sold at retail ...............................
2.
15%
2.
15%
3. E85 gallons sold at retail ...............................
3.
79%
3.
79%
4. Ethanol gallons sold not E10, E15, or E85 ....
4.
%
4.
%
5. Total ethanol sold. Add lines 1 through 4 ......
5.
5.
6. Non-ethanol gasoline gallons sold .................
6.
6.
7. Total gasoline gallons sold at retail
Add lines 5 and 6 .......................................
7.
7.
8. Biodiesel gallons sold at retail
a. B2 gallons ................................. 8a.
2%
8a.
2%
b. B5 gallons ................................. 8b.
5%
8b.
5%
c. B11 gallons ............................... 8c.
11%
8c.
11%
d. B20 gallons ............................... 8d.
20%
8d.
20%
e. Other biodiesel gallons .............. 8e.
%
8e.
%
9. Total pure biofuel sold. Add lines 5 and 8a
through 8e ..................................................
9.
9.
10. Biofuel distribution percentage – Divide
line 9 by line 7, enter percentage to 4
decimals, i.e. 12.05% ................................... 10.
%
10.
%
11. Biofuel threshold percentage – Based on
annualized sales at all retail locations .......... 11.
%
11.
%
Fiscal year filers see instructions to annualize line 7
If line 7 for all sites in 2015 is 200,000 gallons or less, enter 14%
If line 7 for all sites in 2016 is 200,000 gallons or less, enter 15%
If line 7 for all sites in 2015 exceeds 200,000 gallons, enter 17%
If line 7 for all sites in 2016 exceeds 200,000 gallons, enter 19%
12. Biofuel threshold percentage disparity –
If 4.01% or more,
If 4.01% or more, you
Subtract line 10 from line 11, enter to 4
you are not eligible
are not eligible for this
decimals. If zero or less, enter zero ............. 12.
%
12.
%
for this credit
credit
41-151a (06/12/15)