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Resident and nonresident individuals, fiduciaries of estates and trusts, and corporations other than S corporations may claim a tax credit on their income tax returns for fuel on which Iowa fuel tax was paid and used off-highway in an unlicensed vehicle.
This fuel tax credit is NOT available for casualty losses, transport diversions, pumping credits, blending errors, idle time, power take-offs, reefer units, exports by distributors, or excess tax paid on gasohol. The Iowa credit does not apply to gasoline used in on-road vehicles or pleasure boats. If you have an Iowa Motor Fuel Tax Refund Permit number and have claimed any refunds during the tax year, do not claim any credit on this line. For partnerships and S Corporations, the amount of credit reported by each partner or shareholder is based on his or her share of earnings or losses. An additional schedule must be sent in with the IA 4136 which should list the name of the partnership or S Corporation, its Federal identification number, the total number of gallons purchased, and how the number of gallons are divided among the partners or shareholders.
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