Form 83 - Idaho Small Employer Investment Tax Credit - 2015

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2015

IDAHO SMALL EMPLOYER

INVESTMENT TAX CREDIT

EFO00011

07-21-15

Name(s) as shown on return

Social Security number or EIN

QUALIFYING FOR THE CREDIT

You may claim the small employer investment tax credit if you have certified on Form 89SE that you will meet the following tax incentive

criteria at the project site during the project period:

1. Capital investment in new plant and building facilities of at least $500,000,

2. Increased employment by at least 10 new employees who each earn at least $19.23 per hour and receive health benefits, and

3. 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.

If you haven't filed Form 89SE with the Tax Commission or have been notified that you don't qualify for the small employer incentives,

you don't qualify for this credit. Complete Form 49 for any investments that qualify for the regular investment tax credit.

CREDIT AVAILABLE SUBJECT TO LIMITATION

1. Amount of qualified investments acquired during the tax year. Include a complete list of qualified

investments ...................................................................................................................................................

2. Amount of investments for which you claimed the property tax exemption. Include Form 49E ...................

3. Subtract line 2 from line 1. This is the amount of qualified investments on which you may earn

the small employer investment tax credit .....................................................................................................

4. Credit earned. Multiply line 3 by 3.75% .......................................................................................................

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

6. Credit received through unitary sharing. Include a schedule .......................................................................

7. Carryover of small employer investment tax credit from prior years .............................................................

8. Carryover eliminated due to recapture in 2015. Enter the amount from Form 83R, line 13.

Include Form 83R .........................................................................................................................................

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

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

11. Total credit available subject to limitations. Add lines 4 through 7 then subtract lines 8 through 10 ............

If you're claiming the credit for qualifying new employees, compute the limitation on Form 55,

then complete lines 27 through 29 on this form.

CREDIT LIMITATIONS

If you aren't claiming the credit for qualifying new employees, complete lines 12 through 29.

12. Enter the Idaho income tax from your tax return ..........................................................................................

13. Credit for income tax paid to other states ..........................................................

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

15. Investment tax credit. Include Form 49 ..............................................................

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

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

18. Promoter-sponsored event credit .......................................................................

19. Credit for Idaho research activities from Form 67, line 29 ..................................

20. Broadband equipment investment credit from form 68, line 18 ..........................

21. Incentive investment tax credit from Form 69, line 16 ........................................

22. Add lines 13 through 21 ................................................................................................................................

23. Tax available after other credits. Subtract line 22 from line 12 ..........................

24. 62.5% of tax. Multiply line 12 by 62.5% .............................................................

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

a. the amount from line 11 or

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

26. Total credit allowed on current year tax return. Enter the smallest amount

from lines 23, 24, or 25 here and on Form 44, Part I, line 8 .........................................................................

CREDIT CARRYOVER

27. Total credit available subject to limitations. Enter the amount from line 11 ..................................................

28. Credit allowed. Enter the amount from line 26 or from Form 55, Part II, line 23 .........................................

29. Credit carryover to future years. Subtract line 28 from line 27. Enter the amount here and

on Form 44, Part I, line 8 ..............................................................................................................................