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64. MOTOR FUEL TAX CREDIT.
Enter the amount of Motor Fuel Tax Credit from Schedule IA 4136, line 7. The Federal Schedule 4136 cannot be used. The Iowa credit does not apply to gasoline used in automobiles or pleasure boats. If you have an Iowa Motor Fuel Tax Refund Permit number and have claimed any refunds during the tax year, no Motor Fuel Tax Credit can be allowed on the Iowa income tax return.
For partnerships and S Corporations, the amount of credit reported by each partner or shareholder is based on his or her share of earnings or losses. An additional schedule must be sent in with the IA 4136 which should list the name of the partnership or S Corporation, its Federal identification number, the total number of gallons purchased, and how the number of gallons are divided among the partners or shareholders.