Instructions For Idaho Form 55 - 2000 Page 2
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1
2TC55003-4
11-27-00
Line 1. Enter the amount of income tax liability from the appro-
Line 17a. This is the amount of credit for production equipment
priate income tax return. The income tax liability is the com-
using post-consumer waste you may claim. Enter this amount
puted tax before adding the Permanent Building Fund Tax or
on the appropriate line of your Idaho income tax return.
any other taxes or subtracting any credits.
Line 17b. If line 16 is equal to or larger than line 4, you cannot
Line 2. Enter the amount of credit for taxes paid to other states.
claim the credit for qualifying new employees this year. The full
This credit is only available to individuals, estates and trusts.
amount of earned Idaho credit for qualifying new employees
may be available to be carried forward to the succeeding tax
Line 5. Enter the amount of credit for contributions to educa-
year.
tional entities from the appropriate Idaho income tax return.
Subtract line 14 from line 4. This is the amount of credit for
Line 6a. This is the amount of credit for contributions to educa-
production equipment using post-consumer waste you may
tional entities you may claim. Enter this amount on the appro-
claim. Enter this amount on the appropriate line of your Idaho
priate line of your Idaho income tax return.
income tax return. The unclaimed portion of this credit may be
eligible for carry forward to next year. Do not complete the rest
Line 6b. If line 5 is equal to or larger than line 4, you cannot
of this form.
claim the credit for qualifying new employees this year. The full
amount of earned Idaho credit for qualifying new employees
Line 19. Enter the amount of your natural resources conserva-
may be available to be carried forward to the succeeding tax
tion credit from the appropriate Idaho income tax return.
year.
Line 21a. This is the amount of natural resources conservation
Enter the amount from line 4 and enter this amount on the ap-
credit you may claim. Enter this amount on the appropriate line
propriate line of your Idaho income tax return. This is your
of your Idaho income tax return.
allowable credit for contributions to educational entities. Do
not complete the rest of this form.
Line 21b. If line 20 is equal to or larger than line 4, you cannot
claim the credit for qualifying new employees this year. The full
Line 7. Enter the amount of your investment tax credit from
amount of earned Idaho credit for qualifying new employees
Form 49, Part I, line 8.
may be available to be carried forward to the succeeding tax
year.
Line 9a. This is the amount of investment tax credit you may
claim on your Idaho income tax return. Enter this amount on
Subtract line 18 from line 4. This is the amount of natural
the appropriate line of your Idaho income tax return.
resources conservation credit you may claim. Enter this amount
on the appropriate line of your Idaho income tax return. Do not
Line 9b. If line 8 is equal to or larger than line 4, you cannot
complete the rest of this form.
claim the credit for qualifying new employees this year. The full
amount of earned Idaho credit for qualifying new employees
Line 23. Enter the amount of your promoter-sponsored event
may be available to be carried forward to the succeeding tax
credit from the appropriate Idaho income tax return.
year.
Line 25a. This is the amount of promoter-sponsored event
Subtract line 6 from line 4. This is the amount of investment
credit you may claim. Enter this amount on the appropriate line
tax credit you may claim on your Idaho income tax return. En-
of your Idaho income tax return.
ter this amount on the appropriate line of your Idaho income tax
return. The unclaimed portion of your investment tax credit
Line 25b. If line 24 is equal to or larger than line 4, you cannot
may be eligible for carry forward to next year. Do not complete
claim the credit for qualifying new employees this year. The full
the rest of this form.
amount of earned Idaho credit for qualifying new employees
may be available to be carried forward to the succeeding tax
Line 11. Enter the amount of your credit for contributions to
year.
youth and rehabilitation facilities and nonprofit substance abuse
centers from the appropriate Idaho income tax return.
Subtract line 22 from line 4. This is the amount of promoter-
sponsored event credit you may claim. Enter this amount on
Line 13a. This is the amount of credit for contributions to youth
the appropriate line of your Idaho income tax return. Do not
rehabilitation facilities and nonprofit substance abuse centers
complete the rest of this form.
you may claim. Enter this amount on the appropriate line of
your Idaho income tax return.
Line 27. Enter the amount of your earned credit for qualifying
new employees from Part I, line 12.
Line 13 b. If line 12 is equal to or larger than line 4, you cannot
claim the credit for qualifying new employees this year. The full
Line 29a. This is the amount of credit for qualifying new em-
amount of earned Idaho credit for qualifying new employees
ployees you may claim. Enter this amount on the appropriate
may be available to be carried forward to the succeeding tax
line of you Idaho income tax return.
year.
Line 29b. Subtract line 26 from line 4. This is the amount of
Subtract line 10 from line 4. This is the amount of credit for
credit for qualifying new employees you may claim. Enter this
contributions to youth and rehabilitation facilities and nonprofit
amount on the appropriate line of your Idaho income tax return.
substance abuse centers you may claim. Enter this amount on
the appropriate line of your Idaho income tax return. Do not
The earned but unused Idaho credit for qualifying new employ-
complete the rest of this form.
ees may be available to be carried forward to the succeeding
tax year.
Line 15. Enter the amount of your credit for production equip-
ment using post-consumer waste from the appropriate Idaho
income tax return.
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