Enter the tax credit code from the table for the credit claimed on each line.
The credits listed below are not applicable to corporate income tax returns:
The following credits may be claimed against the franchise tax:
The codes listed below should be used only if the credits have been received from a pass-through entity. They flow to Form IA 148, part IV. Amounts for credits 07, 08 and 64 entered here do not flow to the respective credit forms.
Valid codes for these
* Nonrefundable tax credits * | |
03 | Endow Iowa Tax Credit |
04 | Franchise Tax Credit |
05 | Historic Preservation Tax Credit |
06 | Housing Investment Tax Credit |
07 | Investment Tax Credit |
08 | New Jobs Tax Credit |
09 | Alternative Minimum Tax Credit |
10 | Renewable Energy Tax Credit |
11 | S Corporation Apportionment Credit |
12 | School Tuition Organization Tax Credit |
13 | Venture Capital - Fund of Funds Tax Credit |
14 | Angel Investor Tax Credit |
15 | Venture Capital - Venture Capital Fund Tax Credit |
16 | Wind Energy Production Tax Credit |
17 | Agricultural Assets Transfer/Beg Farmer Tax Credit |
20 | Charitable Conservation Contribution Tax Credit |
21 | Redevelopment Tax Credit |
22 | Solar Energy Systems Tax Credit |
23 | Geothermal Heat Pump Tax Credit |
24 | Custom Farming Contract Tax Credit |
25 | Innovation Fund Tax Credit |
26 | Farm to Food Donation Tax Credit |
27 | Workforce Housing Investment Tax Credit |
28 | Geothermal Tax Credit |
46 | Corporation Tax Credit for Third Party Sales Tax |
47 | Corporation Tax Credit for racks, shelving, and conveyor equipment |
* Refundable tax credits * | |
51 | Assistive Device Tax Credit. |
52 | Biodiesel Blended Fuel Tax Credit |
53 | Claim of Right Tax Credit |
55 | E85 Gasoline Promotion Tax Credit |
56 | Historic Preservation Tax Credit |
58 | Research Activities Credit - passthrough only |
59 | Supplemental Research Activities Credit - passthrough only |
62 | Corporation Tax Credit for Third Party Sales Tax |
64 | Ethanol Promotion Tax Credit |
65 | E15 Plus Gasoline Promotion Tax Credit |
66 | Adoption Tax Credit |
67 | Refundable Redevelopment Tax Credit |
68 | Angel Investor Tax Credit |
69 | Renewable Chemical Production Tax Credit |
97 | Corporation Tax Credit for racks, shelving, and conveyor equipment |
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