Form 68 - Idaho Broadband Equipment Investment Credit

2006

IDAHO BROADBAND EQUIPMENT

INVESTMENT CREDIT

EFO00038

9-19-06

Month

Day

Year

Month

Day

Year

For calendar year 2006, or fiscal year beginning

ending

Name(s) as shown on return

Social Security Number or EIN

CREDIT AVAILABLE SUBJECT TO LIMITATION

Amount of qualified investments in broadband equipment acquired during the tax year and approved by

the Idaho Public Utilities Commission (PUC). Attach a complete list and approval from the Idaho PUC.

Credit earned. Multiply line 1 by 3%. ............................................................................................................

Pass-through share of credit from a partnership, S corporation, estate or trust .........................................

Credit received through unitary sharing. Attach a schedule. .......................................................................

Credit received by transfer. Attach Idaho Statement of Credit Transfer, Form 70. ......................................

Carryover of broadband equipment investment credit from prior years .......................................................

Credit recaptured in 2006. Enter the amount from Form 68R, line 13. Attach Form 68R. .........................

Credit distributed to partners, shareholders or beneficiaries ......................................................................

Credit shared with unitary affiliates ...............................................................................................................

Credit transferred to another taxpayer ..........................................................................................................

10.

11.

Total credit available subject to limitations. Add lines 2 through 6 and subtract lines 7 through 10.

CREDIT LIMITATIONS

12.

Enter the Idaho income tax from your tax return.

CREDITS CLAIMED ON CURRENT YEAR TAX RETURN If you are claiming the credit for qualifying new

employees, complete lines 13 through 19 and skip lines 20 through 23. If you are NOT claiming the

credit for qualifying new employees, skip lines 13 through 19 and complete lines 20 through 23.

Complete this section if you are claiming the credit for qualifying new employees.

13.

Enter your credit for tax paid to other states. ...................................................................................................

14.

Subtract line 13 from line 12. ........................................................................................................................

15.

Limitation of tax. Multiply line 14 by 50%. .....................................................................................................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

16.

a. Credit for contributions to Idaho educational entities ....................................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

16a

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

b. Investment tax credit ...................................................................................

16b

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

c. Credit for contributions to Idaho youth and rehabilitation facilities .................

16c

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

d. Credit for production equipment using postconsumer waste ...................

16d

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

e. Promoter sponsored event credit ...............................................................

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

16e

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

f. Credit for qualifying new employees .............................................................

16f

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

g. Credit for Idaho research activities .............................................................

16g

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9

h. Add lines 16a through 16g. ......................................................................................................................

16h

17.

Tax available after other credits. Subtract line 16h from line 15. .................................................................

18.

Credit allowable subject to limitation of tax. Enter the smaller of:

a. the amount from line 11 or

b. $750,000 ...................................................................................................................................................

19.

Total credit allowed on current year tax return. Enter the smaller amount from line 17 or line 18 here

and on Form 44, Part I, line 6.