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Iowa Tax Credits Schedule 41-148
Extracted from PDF file 2023-iowa-form-ia-148.pdf, last modified August 2022Tax Credits Schedule 41-148
Social Security Number (SSN) or Federal Employer Identification Number (FEIN) 2 3 4 5 6 7 8 9 10 Certificate number (if applicable) Tax credit code 1 B A Part I - Nonrefundable Tax Credits 00 00 00 00 00 00 00 00 00 Total available (C+D=E) E 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 F Current year amount applied (may not exceed total tax liability) H 00 00 00 00 00 00 00 00 00 00 00 Amount carried forward to future years (E-F-G=H) 41-148a (08/28/2023) 00 00 00 00 00 00 00 00 00 00 Expired amount G Part I Total - Sum column F and enter on IA 1040, line 17, IA 1041, line 37, or IA 1120 Schedule C1, line 2 00 00 00 00 00 00 00 00 00 00 D Current year amount (earned or received from pass-through entity) 00 Amount carried forward from prior year C Caution: If you are claiming any of the tax credits listed in Part V – Tax Credit Claim Reduction below, you must complete Part V before completing Parts I, II, and III. Name(s) tax.iowa.gov Iowa Tax Credits Schedule 2023 IA 148 12 13 14 15 16 17 Certificate number (if applicable) J N Part III Total 41-148b (08/28/2023) 00 Part III – Total Credits Sum Part I and Part II Totals. Enter on IA 1120F, line 13, or the miscellaneous line of the Iowa Insurance Premium Tax Return. O Taxpayer’s share of tax credit from pass-through entity 00 00 00 00 00 00 00 00 K Current year amount (earned or received from pass-through entity) Pass-through entity FEIN SSN or FEIN Part IV – Pass-Through Entity Information from Schedule K-1 L M Line number from Part I or Part II Pass-through entity legal name Part II - Total - Sum column K and enter on IA 1040, line 26, 1041, line 43, or ... IA 1120 Schedule C1, line 3. 11 Tax credit code Part II – Refundable Tax Credits I Name(s) 2023 IA 148, page 2 SSN or FEIN 1 2 3 4 5 6 7 8 9 10 Tax credit code A 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Remaining Tax Liability After Tax Credit (C - D = E. If $0 or less, enter $0) Tentative Tax Credit Claim (enter your total current year amount available) E D C Tax Liability Before Claim (in the first applicable row, enter your tax liability listed above. In each subsequent row, list Certificate number the amount from the prior (if applicable) row’s Column E) B 00 00 00 00 00 00 00 00 00 00 Tax Credit Claim Subject to Limitation (D - C = F. If $0 or less, enter $0) 00 00 00 00 00 00 00 00 00 00 Allowable Tax Credit Claim (D - G = H. Enter result in Part I, Column D of this IA 148) 41-148c (08/28/2023) 00 00 00 00 00 00 00 00 00 00 Tax Credit Claim Reduction (F x .05 = G) H Tax Credit Code 47: Third Party Developer Tax Credit for racks, shelving, and conveyor equipment (only High Quality Jobs Program agreements under Iowa Code section 15.330 entered into on or after January 1, 2023) • G Tax Credit Code 46: Third Party Developer Tax Credit (only High Quality Jobs Program agreements under Iowa Code section 15.330 entered into on or after January 1, 2023) • F Tax Credit Code 05: Nonrefundable Historic Preservation Tax Credit (only tax credit agreements under Iowa Code section 404A.3(3) entered into on or after January 1, 2023) • Tax liability after specified nonrefundable tax credits (see instructions): _______________ NONREFUNDABLE TAX CREDITS subject to claim reduction (not including carryforward amounts from Part I, Column C). These must be reduced in the order listed below: A. If you are claiming any of the tax credits listed in sections A (nonrefundable) and B (refundable) below, your claim is subject to reduction based on your tax liability. You must complete sections A and B as applicable before completing Parts I, II, or III. Part V - Tax Credit Claim Reduction Name(s) 2023 IA 148, page 3 . ax Credit Code 97: Third Party Developer Tax Credit for racks, shelving, and conveyor equipment (only High Quality Jobs Program agreements under Iowa Code section 15.330 T entered into on or after January 1, 2023) .Tax Credit Code 67: Refundable Redevelopment Tax Credit (only awards made by the Economic Development Authority Board on or after January 1, 2023) .Tax Credit Code 51: Assistive Device Tax Credit (only tax credit certificates issued by the Economic Development Authority on or after January 1, 2023) • • • 2 3 4 5 6 7 8 9 10 Certificate number (if applicable) Tax credit code 1 B A 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Remaining Tax Liability After Tax Credit (C - D = E. If $0 or less, enter $0) Tentative Tax Credit Claim (enter your total current year amount available) 00 00 00 00 00 00 00 00 00 00 E D C Tax Liability Before Claim (in the first applicable row, enter your tax liability listed above. In each subsequent row, list the amount from the prior row’s Column E) 00 00 00 00 00 00 00 00 00 00 Tax Credit Claim Subject to Limitation (D - C = F. If $0 or less, enter $0) 41-148d (08/28/2023) 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 Allowable Tax Credit Claim (D - G = H. Enter result in Part II, Column K of this IA 148) Tax Credit Claim Reduction (F x .10 = G for tax credit code 58; F x .05 = G for all other tax credits) 00 H G .Tax Credit Code 62: Third Party Developer Tax Credit (only High Quality Jobs Program agreements under Iowa Code section 15.330 entered into on or after January 1, 2023) • .Tax Credit Code 56: Refundable Historic Preservation Tax Credit (only tax credit agreements under Iowa Code section 404A.3(3) entered into on or after January 1, 2023) Tax Credit Code 59: Supplemental Research Activities Tax Credit • Tax Credit Code 58: Research Activities Tax Credit • F REFUNDABLE TAX CREDITS subject to claim reduction. These must be reduced in the order listed below: • SSN or FEIN B. Tax liability after nonrefundable tax credits (see instructions): _______________ Name(s) 2023 IA 148, page 4
IA 148 (41148)
More about the Iowa Form IA 148 Corporate Income Tax Tax Credit TY 2023
We last updated the Tax Credits Schedule 41-148 in January 2024, so this is the latest version of Form IA 148, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form IA 148 directly from TaxFormFinder. You can print other Iowa tax forms here.
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TaxFormFinder has an additional 43 Iowa income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form IA 148 | Tax Credits Schedule 41-148 |
| Form IA 1120S Shhedule K-1 | Schedule K-1 - Shareholder’s Share of Iowa Income, Deductions, Modifications |
| Form IA 1041V | Iowa Fiduciary Income Tax Payment Voucher |
| IA 1041-C | Schedule C Computation of Nonresident's Tax Credit |
| Form IA 1041 | Fiduciary Return 63-001 |
View all 44 Iowa Income Tax Forms
Form Sources:
Iowa usually releases forms for the current tax year between January and April. We last updated Iowa Form IA 148 from the Department of Revenue in January 2024.
Form IA 148 is an Iowa Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Iowa Form IA 148
We have a total of twelve past-year versions of Form IA 148 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form IA 148
IA 148 (41148)
2022 Form IA 148
IA 148 (41148)
2021 Form IA 148
IA 148 Tax Credits Schedule, 41-148
2020 Form IA 148
IA 148 Tax Credits Schedule, 41-148
2019 Form IA 148
IA 148 Tax Credits Schedule, 41-148
2017 Form IA 148
IA 148 Tax Credits Schedule, 41-148
2016 Form IA 148
IA 148 Tax Credits Schedule, 41-148
2015 Form IA 148
2014 IA 148 tax credits schedule
2014 Form IA 148
2014 IA 148 tax credits schedule
2013 Form IA 148
Iowa IA 148 income tax credits schedule
2012 Form IA 148
Iowa IA 148 income tax credits schedule
2011 Form IA 148
Iowa IA 148 income tax credits schedule
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