Instructions For Form 41 - Idaho State Tax Commission

FORM 41

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For corporations required to pay a franchise tax rather than an

Northwest (North Idaho) Children’s Home

income tax, enter the amount of the franchise tax on this line.

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Opportunities Unlimited, Inc., Lewiston

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This tax is also computed at 8% of Idaho taxable income. See

Panhandle Special Needs, Inc., Sandpoint

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franchise tax on page 2.

Transitional Employment Services for the Handicapped,

Coeur d’Alene

CREDITS

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Western Idaho Training Co., Inc., Caldwell

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Winchester Occupational Workshop, Winchester

LINE 38 CREDIT FOR CONTRIBUTIONS

LINE 38 CREDIT FOR CONTRIBUTIONS T T T T T O EDUC

O EDUC

O EDUCA A A A A TIONAL

TIONAL

LINE 38 CREDIT FOR CONTRIBUTIONS

O EDUC

TIONAL

EN T I T I E S

E N T I T I E S

EN T I T I E S

E N T I T I E S

The following are the qualified centers for independent living:

If the corporation donated cash or goods to a qualified educa-

tional entity, it may claim a tax credit. The credit is limited to

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Disability Action Center Northwest, Moscow and Coeur d’Alene

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the smallest of:

Living Independence Network Corporation, Boise and Twin Falls

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Living Independently For Everyone, Blackfoot, Idaho Falls, and

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one-half of the amount donated,

Pocatello

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10% of the tax on line 37, or

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$500

LINE 41 NEW JOBS

LINE 41 NEW JOBS T T T T T AX CREDIT C

AX CREDIT C

AX CREDIT CARRY

AX CREDIT C

ARRY

ARRYO O O O O VER

VER

If you have new jobs tax credit carryover from the previous year,

A qualified educational entity includes:

you may be able to claim it. Complete and attach Idaho Form

55.

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a nonprofit corporation, fund, foundation, trust, or association

organized and operated exclusively for the benefit of Idaho

LINE 42 CREDIT FOR PR

LINE 42 CREDIT FOR PRODUCTION EQUIPMENT USING POST

ODUCTION EQUIPMENT USING POST

ODUCTION EQUIPMENT USING POST- - - - -

ODUCTION EQUIPMENT USING POST

LINE 42 CREDIT FOR PR

ODUCTION EQUIPMENT USING POST

colleges and universities

CONSUMER

CONSUMER W W W W W ASTE

ASTE

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a nonprofit, private or public Idaho school (elementary, sec-

If you purchased equipment that manufactures a product from

ondary or higher education) or its foundation

post-consumer or post-industrial waste, you may be entitled to

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Idaho education public broadcast system foundations

a tax credit. The credit is 20% of your cost to purchase quali-

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the Idaho State Historical Society or its foundation

fied equipment.

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an Idaho public library or its foundation

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an Idaho library district or its foundation

Qualified equipment is machinery or equipment in Idaho with a

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an Idaho public or private nonprofit museum

useful life of three years or more. In addition, 90% of the

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the Idaho State Library

equipment's production must result in products utilizing post-

consumer or post-industrial waste.

LINE 39 INVESTMENT

LINE 39 INVESTMENT T T T T T AX CREDIT

AX CREDIT

If you acquire an asset for use in your business, you may have

The credit claimed in a tax year is limited to the lesser of $30,000

earned an investment tax credit.

or your tax liability. You may carry forward the unused portion

of the credit up to seven years.

If you are filing a combined return, the investment tax credit can

be shared with members of the combined group. The corpora-

Product is any manufactured material that is composed of at

tion that earned the credit must claim the credit to the extent

least 50% post-consumer or post-industrial waste and offered

allowable against its tax liability. Any credit remaining may be

for sale. Product does not include shredded material unless it is

shared with other members rather than carried forward to future

incorporated directly into the manufacturing process.

years. A corporation that receives the credit through unitary

sharing computes the applicable limitations based on its tax.

Post-consumer waste or post-industrial waste includes only

Any unused credit remains with the member that earned the

glass, paper, or plastic that have been, or would have been,

credit. A schedule must be attached identifying the member

disposed of as solid waste. It does not include radioactive or

earning the credit and the members using the credit.

hazardous waste.

Report the earned credit computed on line 2, Part I, Form 49,

Attach a schedule showing your computations, listing the quali-

and the allowed credit computed on line 10, Part II, Form 49.

fied equipment, identifying the post-consumer or post-industrial

Attach Form 49.

waste products, and identifying the newly manufactured prod-

ucts.

LINE 40 CREDIT FOR CONTRIBUTIONS

LINE 40 CREDIT FOR CONTRIBUTIONS T T T T T O O O O O Y Y Y Y Y OUTH

OUTH

OUTH AND REHA-

AND REHA-

BILIT

BILITA A A A A TION F

TION F

TION FA A A A A CILITIES

CILITIES

LINE 43 NATURAL RESOURCES CONSERVATION CREDIT

BILIT

TION F

CILITIES

LINE 43 NATURAL RESOURCES CONSERVATION CREDIT

If the corporation donated cash or goods to a qualified center

If you filed an Application for Natural Resources Conservation

for independent living, or to a youth or rehabilitation facility or

Income Tax Credit for Tax Year 1998, enter the amount ap-

their foundations, it may claim a tax credit. The credit is limited

proved on that application by the Natural Resources Conserva-

to the smallest of:

tion Income Tax Credit Committee. The maximum tax credit

allowed cannot exceed $2,000. You may not claim a credit if

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one-half of the amount donated,

you did not file an application or if the credit you requested was

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10% of the tax on line 37, or

not approved.

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$500

OTHER TAXES

The qualified youth or rehabilitation facilities and their founda-

tions are:

LINE 46 PERMANENT BUILDING FUND

LINE 46 PERMANENT BUILDING FUND T T T T T AX

Enter $10 for each corporation required to file, including nonpro-

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Anchor House

ductive mining corporations. Each corporation included in a group

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The Arc, Inc., Boise

return and required to file must pay the $10 permanent building

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The Childen's Home Society of Idaho, Inc., Boise

fund tax.

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Dawn Enterprises, Inc., Blackfoot

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Development Workshop, Inc., Idaho Falls

LINE 47 SPECIAL FUELS

LINE 47 SPECIAL FUELS T T T T T AX DUE

AX DUE

LINE 47 SPECIAL FUELS

AX DUE

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High Reachers, Inc., Mountain Home

If you buy special fuels (diesel, propane, natural gas) without

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Idaho Elks Rehabilitation Hospital, Inc., Boise

paying the special fuels tax and later use this fuel in licensed

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Idaho Youth Ranch

vehicles or in aircraft, special fuels tax is due. Enter the amount

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Magic Valley Rehabilitation Services, Inc., Twin Falls

from line 11, Form 75. Attach Form 75.

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New Day Products, Inc., Pocatello

Instructions For Form 41 - Idaho State Tax Commission - 1998 Page 7

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