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This version of the form is not currently in use and is provided for reference only. Download this version of
Form IA135 (41-150)
for the current year.
Form IA135 (41-150) Iowa E85 Gasoline Promotion Tax Credit - Iowa
What Is Form IA135 (41-150)?
This is a legal form that was released by the Iowa Department of Revenue - a government authority operating within Iowa. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form IA135?A: Form IA135 is a tax form used in the state of Iowa.
Q: What is the purpose of Form IA135?A: Form IA135 is used to claim the E85 Gasoline Promotion Tax Credit in Iowa.
Q: What is the E85 Gasoline Promotion Tax Credit?A: The E85 Gasoline Promotion Tax Credit is a tax credit aimed at promoting the use of E85 fuel in Iowa.
Q: Who is eligible to claim the E85 Gasoline Promotion Tax Credit?A: Any individual, partnership, or corporation in Iowa that is selling or using E85 fuel is eligible to claim the tax credit.
Q: When is the deadline to file Form IA135?A: The deadline to file Form IA135 is typically April 30th of each year.
Q: Are there any other requirements or documentation needed to claim the E85 Gasoline Promotion Tax Credit?A: Yes, in addition to Form IA135, you may be required to submit supporting documentation such as fuel purchase receipts or other relevant records.
Q: How much is the E85 Gasoline Promotion Tax Credit?A: The amount of the tax credit is determined by the gallons of E85 fuel sold or used during the tax year, and the credit is equal to 2 cents per gallon.
Q: Can the E85 Gasoline Promotion Tax Credit be carried forward or transferred?A: No, the tax credit cannot be carried forward to future years or transferred to another individual or entity.
Q: Is there a limit on the amount of the E85 Gasoline Promotion Tax Credit that can be claimed?A: Yes, there is a cap on the total amount of credits that can be claimed each year. The cap is determined by the Iowa Department of Revenue and may vary.
Q: Can I claim the E85 Gasoline Promotion Tax Credit if I don't live or operate in Iowa?A: No, the tax credit is specific to Iowa and is only available to individuals, partnerships, or corporations that are selling or using E85 fuel in the state.
Form Details:
- Released on September 2, 2021;
- The latest edition provided by the Iowa Department of Revenue;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form IA135 (41-150) by clicking the link below or browse more documents and templates provided by the Iowa Department of Revenue.
Download Form IA135 (41-150) Iowa E85 Gasoline Promotion Tax Credit - Iowa
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