Form 71 - Idaho Biofuel Infrastructure Investment Tax Credit

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71
2016
F
IDAHO BIOFUEL INFRASTRUCTURE
O
R
M
INVESTMENT TAX CREDIT
EFO00085
07-07-2016
Name(s) as shown on return
Social Security number or EIN
CREDIT AVAILABLE SUBJECT TO LIMITATION
1. Carryover of biofuel infrastructure investment tax credit from prior years......................................................
1
2. Credit received through unitary sharing. Include a schedule ........................................................................
2
3. Carryover eliminated due to recapture in 2016. Enter the amount from Form 71R, line 13.
Include Form 71R...........................................................................................................................................
3
4. Credit shared with unitary affiliates ................................................................................................................
4
5. Total credit available subject to limitations. Add lines1 and 2 and subtract lines 3 and 4 .............................
5
If you are claiming the credit for qualifying new employees, compute the limitation on Form 55,
CREDIT LIMITATIONS
then complete lines 25 through 27 on this form.
If you are not claiming the credit for qualifying new employees, complete lines 6 through 27.
6. Enter the Idaho income tax from your tax return ............................................................................................
6
7. Credit for tax paid to other states......................................................................
7
8. Credit for contributions to Idaho educational entities ........................................
8
9. Investment tax credit ........................................................................................
9
10. Credit for contributions to Idaho youth and rehabilitation facilities....................
10
11. Credit for production equipment using postconsumer waste ............................
11
12. Promoter-sponsored event credit ....................................................................
12
13. Credit for Idaho research activities ...................................................................
13
14. Broadband equipment investment credit ..........................................................
14
15. Reserved ..........................................................................................................
15
16. Small employer investment tax credit ...............................................................
16
17. Small employer real property improvement credit ............................................
17
18. Small employer new jobs tax credit ..................................................................
18
19. Credit for live organ donation expenses ...........................................................
19
20. Add lines 7 through 19 ...................................................................................................................................
20
21. Tax available after other credits. Subtract line 20 from line 6........................................................................
21
22. 50% of tax. Multiply line 6 by 50% ................................................................................................................
22
23. Biofuel infrastructure investment tax credit available. Enter the amount from line 5.....................................
23
24. Total credit allowed on current year tax return. Enter the smallest amount from lines 21, 22, or 23 here
and on Form 44, Part I, line 10.......................................................................................................................
24
CREDIT CARRYOVER
25. Total credit available subject to limitations. Enter the amount from line 5 .....................................................
25
26. Credit allowed. Enter the amount from line 24 or from Form 55, Part II, line 31 ...........................................
26
27. Credit carryover to future years. Subtract line 26 from line 25. Enter the amount here and on
Form 44, Part I, line 10...................................................................................................................................
27

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