RECAPTURE OF IDAHO SMALL
85R
F
O
R
EMPLOYER NEW JOBS TAX CREDIT
EFO00019
M
07-23-15
Name(s) as shown on return
Social Security number or EIN
You must report recapture if one or both of the following occurred:
1. You didn't meet the following tax incentive criteria:
● Capital investment in new plant and building facilities of at least $500,000,
● Increased employment by at least 10 new employees who each earn at least $19.23 per hour and receive health benefits,
and
● For new employment increases above the 10 new employees, the average wages of the additional new employees are
at least $15.50 per hour worked. See the instructions for who's included in this calculation.
2. You didn't maintain the level of qualifying employees for which you earned the credit for five full years after the end of the project
period.
COMPUTATION OF RECAPTURED CREDIT
E
A
B
C
D
1. Year in which small employer
new jobs tax credit was earned ...
2. Average number of qualifying
employees for the year the
credit was earned ........................
3. Idaho small employer new
jobs tax credit earned ..................
4. If you didn't meet the tax incentive
criteria, enter 100% and go to
line 6 ...........................................
5. From the Recapture Worksheet
below, enter the recapture
percentage for the earliest year
during the recapture period that
the average number of qualifying
employees fell below the average
number of employees listed on
line 2 ...........................................
6. Tentative recaptured credit.
Multiply line 3 by line 4 or 5 .........
7. Add line 6, columns A through E .........................................................................................................................
8. Pass-through share of credit recapture from S corporations, partnerships, trusts, or estates ............................
9. Add lines 7 and 8 ................................................................................................................................................
10. Credit recapture distributed to shareholders, partners, or beneficiaries .............................................................
11. Enter the portion of original credit not used to offset any tax. Don't enter more than line 9.
The amount on this line reduces the carryover available to the current year .....................................................
12. Add lines 10 and 11.............................................................................................................................................
13. Recapture of small employer new jobs tax credit. Subtract line 12 from line 9. Enter here and on
Form 44, Part II, line 5. Don't use this amount to reduce the current year's small employer new jobs
tax credit computed on Form 85 .........................................................................................................................
RECAPTURE WORKSHEET - If you didn't meet the tax incentive criteria, don't use this section.
Date project period ended __________________________
Recapture Period - Five years
Average number of qualifying employees working
Recapture
after the end of the project period
Tax Year
primarily within the project site during the year
percentage
First year after the end of the project period
100%
Second year after the end of the project period
80%
Third year after the end of the project period
60%
Fourth year after the end of the project period
40%
Fifth year after the end of the project period
20%