Form 68 - Idaho Broadband Equipment Investment Credit - 2002
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1
2F
IDAHO BROADBAND EQUIPMENT
2002
68
O
R
INVESTMENT CREDIT
TC68021
M
9-03-02
Month
Day
Year
Month
Day
Year
For calendar year 2002, or fiscal year beginning
ending
02
Name(s) as shown on return
Social Security Number or EIN
CREDIT AVAILABLE SUBJECT TO LIMITATION
1.
Amount of qualified investments in broadband equipment acquired during the tax year and approved by
1
the Idaho Public Utilities Commission (PUC). Attach a complete list and approval from the Idaho PUC. .......
2
2.
Credit earned. Multiply line 1 by 3%. ..............................................................................................................
3.
Pass-through share of credit from a partnership, S corporation, estate or trust ...............................................
3
4.
Credit received through unitary sharing. Attach a schedule. ...........................................................................
4
5.
Credit received by transfer. Attach Idaho Statement of Credit Transfer, Form 70. ...........................................
5
6.
Carryover of broadband equipment investment credit from prior years. Enter amount from line 24. ...............
6
7.
Credit distributed to partners, shareholders or beneficiaries ............................................................................
7
8.
Credit shared with unitary affiliates ..................................................................................................................
8
9.
Credit transferred to another taxpayer .............................................................................................................
9
Total credit available subject to limitations. Add lines 2 through 6 and subtract lines 7 through 9.
10.
10
CREDIT LIMITATIONS
11.
Enter the Idaho income tax from your tax return.
11
CREDITS CLAIMED ON CURRENT YEAR TAX RETURN If you are claiming the credit for qualifying new
employees, complete lines 12 through 16 and skip lines 17 through 20. If you are NOT claiming the credit
for qualifying new employees, skip lines 12 through 16 and complete lines 17 through 20.
Complete this section if you are claiming the credit for qualifying new employees.
12.
Limitation of tax. Multiply line 11 by 45%. ........................................................................................................
12
13a
a. Credit for contributions to Idaho educational entities ....................................
13.
13b
b. Investment tax credit .....................................................................................
13c
c. Credit for contributions to Idaho youth and rehabilitation facilities .................
13d
d. Credit for production equipment using post-consumer waste .......................
13e
e. Natural resources conservation credit ..........................................................
13f
f. Promoter-sponsored event credit .................................................................
13g
g. Credit for qualifying new employees .............................................................
13h
h. Credit for Idaho research activities. ...............................................................
13i
i. Add lines 13a through 13h. ........................................................................................................................
14
14.
Tax available after allowance of other credits. Subtract line 13i from line 12. ..................................................
15.
Credit allowable subject to limitation of tax. Enter the smaller of:
a. the amount from line 10 or
15
b. $750,000 ...................................................................................................................................................
16.
Total credit allowed on current year tax return. Enter the smaller of line 14 or line 15.
16
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