701—42.44 (422) Deduction of credits. The credits against computed tax set forth in Iowa Code sections 422.5, 422.8, 422.10 through 422.12C, and 422.110 shall be claimed in the following sequence:
	      1. 	  Personal exemption credit.
	      2. 	  Tuition and textbook credit.
	      3. 	  Volunteer fire fighter, volunteer emergency medical services personnel and reserve peace officer tax credit.
	      4. 	  Nonresident and part-year resident credit.
	      5. 	  Franchise tax credit.
	      6. 	  S corporation apportionment credit.
	      7. 	  School tuition organization tax credit.
	      8. 	  Venture capital tax credits (excluding redeemed Iowa fund of funds tax credit).
	      9. 	  Endow Iowa tax credit.
	      10. 	  Film qualified expenditure tax credit.
	      11. 	  Film investment tax credit.
	      12. 	  Redevelopment tax credit.
	      13. 	  From farm to food donation tax credit.
	      14. 	  Workforce housing tax credit.
	      15. 	  Investment tax credit.
	      16. 	  Wind energy production tax credit.
	      17. 	  Renewable energy tax credit.
	      18. 	  Redeemed Iowa fund of funds tax credit.
	      19. 	  New jobs tax credit.
	      20. 	  Economic development region revolving fund tax credit.
	      21. 	  Agricultural assets transfer tax credit.
	      22. 	  Custom farming contract tax credit.
	      23. 	  Geothermal heat pump tax credit.
	      24. 	  Solar energy system tax credit.
	      25. 	  Charitable conservation contribution tax credit.
	      26. 	  Alternative minimum tax credit.
	      27. 	  Historic preservation and cultural and entertainment district tax credit.
	      28. 	  Ethanol promotion tax credit.
	      29. 	  Research activities credit.
	      30. 	  Out-of-state tax credit.
	      31. 	  Child and dependent care tax credit or early childhood development tax credit.
	      32. 	  Motor fuel tax credit.
	      33. 	  Claim of right credit (if elected in accordance with rule 701—38.18(422)).
	      34. 	  Wage-benefits tax credit.
	      35. 	  Adoption tax credit.
	      36. 	  E-85 gasoline promotion tax credit.
	      37. 	  Biodiesel blended fuel tax credit.
	      38. 	  E-15 plus gasoline promotion tax credit.
	      39. 	  Earned income tax credit.
	      40. 	  Iowa taxpayers trust fund tax credit.
	      41. 	  Estimated payments, payment with vouchers, and withholding tax.
This rule is intended to implement Iowa Code sections 422.5, 422.8, 422.10, 422.11, 422.11A, 422.11B, 422.11D, 422.11E, 422.11F, 422.11H, 422.11I, 422.11J, 422.11L, 422.11M, 422.11N, 422.11O, 422.11P, 422.11Q, 422.11R, 422.11S, 422.11V, 422.11W, 422.11Y, 422.11Z, 422.12, 422.12B, 422.12C and 422.110 and 2014 Iowa Acts, House Files 2448 and 2468.
[ARC 8702B, IAB 4/21/10, effective 5/26/10; ARC 9876B, IAB 11/30/11, effective 1/4/12; ARC 0398C, IAB 10/17/12, effective 11/21/12; ARC 1303C, IAB 2/5/14, effective 3/12/14; ARC 1744C, IAB 11/26/14, effective 12/31/14]