Form IA138 (41-152) Iowa E85 Gasoline Promotion Tax Credit - Iowa

What Is Form IA138 (41-152)?

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 IA138?
A: Form IA138 is a tax form used in Iowa to claim the E85 Gasoline Promotion Tax Credit.

Q: What is the E85 Gasoline Promotion Tax Credit?
A: The E85 Gasoline Promotion Tax Credit is a tax credit provided by the state of Iowa to promote the use of E85 gasoline.

Q: Who is eligible to claim this tax credit?
A: Any individual or business that purchases E85 gasoline in Iowa is eligible to claim this tax credit.

Q: How much is the tax credit?
A: The tax credit is equal to 20 cents per gallon of E85 gasoline purchased.

Q: What is the purpose of this tax credit?
A: The purpose of this tax credit is to encourage the use of E85 gasoline, which is a blend of 85% ethanol and 15% gasoline.

Q: How do I claim this tax credit?
A: To claim this tax credit, you need to fill out and submit Form IA138 to the Iowa Department of Revenue.

Q: When is the deadline to file Form IA138?
A: The deadline to file Form IA138 is the same as the deadline for filing your annual Iowa income tax return.

Q: Is there a limit to how much tax credit I can claim?
A: No, there is no limit to the amount of tax credit you can claim for purchasing E85 gasoline.

Q: Are there any other requirements or restrictions for claiming this tax credit?
A: Yes, you need to keep receipts or other documentation to prove your E85 gasoline purchases.

Q: Can I claim this tax credit if I purchased E85 gasoline in another state?
A: No, this tax credit is only available for E85 gasoline purchased in Iowa.