Form 49e - Idaho Election To Claim The Qualified Investment Exemption From Property Tax In Lieu Of Investment Tax Credit - 2013

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F
49E
IDAHO ELECTION TO CLAIM THE QUALIFIED INVESTMENT EXEMPTION
2013
O
R
EFO00031
FROM PROPERTY TAX IN LIEU OF INVESTMENT TAX CREDIT
M
03-26-13
Use this form to elect the qualified investment exemption (QIE) from property tax for property placed in service during calendar year 2013.
Social Security Number or EIN
Name
If this corporation is included in a combined report, enter the name of the corporation the Idaho income tax return is filed under, if different than above.
EIN
Name
ELECTION — I elect to exempt the following property that was placed in service during calendar year 2013 from property tax for 2014 and 2015. I understand
I forgo my right to claim the investment tax credit on this property at any time. Once I make the election, I cannot revoke it. I will be subject to recapture of the
property tax benefit if, during the 5-year recapture period, the property no longer qualifies as a qualified investment as defined in Section 63-3029B, Idaho Code.
LOSS IN SECOND PRECEDING TAX YEAR — To qualify for the QIE, you must have had an Idaho income tax loss without regard to net operating loss carry-
overs or carrybacks in the second preceding tax year from the income tax year you placed the property in service. If you file income tax returns on a fiscal year
basis, see the instructions to determine your qualifying loss years. County assessors are allowed to check with the Tax Commission to verify you had a loss in the
applicable year(s).
Provide the ending date of your tax year(s) that ended in calendar year 2013 ________________________
If you had a short period tax year during calendar year 2013 or during the previous two years, attach a statement identifying your tax year ending dates.
I elect to claim the QIE on the property listed as follows. The exemption for used property is limited. See instructions.
Asset
Asset Description
County in Which
Qualifying Loss Year
New or
Date Placed
(
(
Describe what the asset is, including make, model and serial number)
Identify beginning and ending dates)
Original Cost
Number
Asset Located
in Service
Used
to
to
to
to
to
to
to
to
(If additional space is required, complete page 2.)
Under penalties of perjury, I affirm that, to the best of my knowledge and belief, the property listed on Form 49E is qualified investment property as defined in
Section 63-3029B, Idaho Code, and that I have not or will not claim the Idaho investment tax credit on the listed property.
Signature
Date
Print Contact Name
Contact Phone Number
To elect the QIE, you must attach this form to the operator’s statement or personal property declaration(s) filed for 2014. You must also include a copy of your
original Idaho income tax return(s) for the tax year(s) in which the property was placed in service.

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