Form 85 - Idaho Small Employer New Jobs Tax Credit - 2015 Page 2

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07-23-15

Form 85 - Page 2

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

CREDIT LIMITATIONS

then complete lines 34 through 36 on this form.

If you aren't claiming the credit for qualifying new employees, complete lines 18 through 36.

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

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

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

21. Investment tax credit from Form 49, Part II, line 8 ..............................................

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

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

24. Promoter-sponsored event credit ........................................................................

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

26. Broadband equipment investment credit from Form 68, line 18 .........................

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

28. Small employer investment tax credit from Form 83, line 28 ..............................

29. Small employer real property improvement tax credit from Form 84, line 26 .....

30. Add lines 19 through 29 .................................................................................................................................

31. Tax available after other credits. Subtract line 30 from line 18 .....................................................................

32. 62.5% of tax. Multiply line 18 by 62.5% .......................................................................................................

33. Total credit allowed on current year tax return. Enter the smallest amount from lines 17, 31, or 32

here and on Form 44, Part I, line 10 ..............................................................................................................

CREDIT CARRYOVER

34. Total credit available subject to limitations. Enter the amount from line 17 ...................................................

35. Credit allowed. Enter the amount from line 33 or from Form 55, Part II, line 27 ..........................................

36. Credit carryover to future years. Subtract line 35 from line 34. Enter the amount here and

on Form 44, Part I, line 10 .............................................................................................................................