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Iowa Form 4136 Motor Fuel Tax Credit

Article ID: 59052 Print
Question
Do I qualify for the Iowa Form 4136 Motor Fuel Tax Credit?

Answer

Effective July 1, 2020, the fuel tax rate for Gasoline, Ethanol Blended Gasoline, Alcohol, and Biodiesel B-11 or higher Undyed have changed. Ethanol Blended Gasoline, including E-85, is now separated into two different tax categories: E-10 to E-14 and E-15 or higher. E-85 is now part of Ethanol Blended Gasoline E-15 or higher. All other fuel types were unchanged. Resident and nonresident individuals, fiduciaries of estates and trusts, and C corporations may claim a tax credit on their income tax returns for fuel that was purchased during the tax period to be used in unlicensed vehicles for non-highway purposes.

 

 

 


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Article Details
Views: 2366 Created on: Jun 15, 2013
Date updated: Jan 07, 2022
Posted in: States, Iowa

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