Form 89se - Certification For Idaho'S Small Employer Tax Incentives (Page 4 of 4) in pdf

EFO00044p4

Form 89SE - Page 2

07-08-15

SMALL EMPLOYER INCENTIVE ACT — Idaho Code, Title 63, Chapter 44 & Chapter 6, Section 606A

Carryover

Incentive

Credit Rate

Limitations

Investment Tax Credit

3.75% on qualified investment that's placed in service

Can't exceed 62.5% of tax.

14 years

(SE-ITC)

during the project period anywhere in Idaho. Credit is in lieu

Can't exceed

Form 83

of earning the 3% ITC.

$750,000 in any tax year

2.5% on investments in new plant and buildings and

Can't exceed $125,000 in

Real Property

14 years

Improvement Tax

structural components of buildings that don't qualify for the

any tax year

Credit (SE-RPITC)

ITC and are placed in service during the project period at

Form 84

the project site.

New Jobs Tax Credit

Varying credit rate from $1,500 to $3,000 per qualifying new

Can't exceed 62.5%

10 years

(SE-NJTC)

employee. Employee must earn a minimum of $24.04 per

of tax

Form 85

hour to qualify, be employed primarily within the project site

on a full-time basis, and work a minimum of nine months

during the tax year. (See other requirements under New

Employees.)

Sales Tax Rebate

25% rebate of all sales and use taxes that the taxpayer

or its contractors actually paid in regard to new plant and

Form TCR

building facilities property constructed, located or installed

within the project site during the project period.

Growth Incentive

County Board of Equalization of county in which property

Exemption

that qualifies for the ITC or RPITC is located can exempt all

or part of the value of the property from property tax.

SPECIFIC INSTRUCTIONS

Line 5. For each year in the project period, enter the actual or

estimated number of new jobs that have been, or will be, created

Instructions are for lines not fully explained on the form.

within the project site. If a year listed on the form doesn't fall

within the project period, leave it blank.

HEADING

Write your business name, address, federal employer

Line 6. For each year in the project period, enter the actual or

identification number, contact person and title, and the contact

estimated costs of capital investment in new plant and building

person’s phone number in the space at the top of the form.

facilities located within the project site. If a year listed on the

form doesn't fall within the project period, leave it blank.

Line 1. Provide a detailed description of the project that qualifies

for the incentives. Attach additional sheets as necessary.

List the cost of property that qualifies for the ITC in 6a. List

the cost of buildings and their structural components that don't

Line 2. Enter the date the project started or will start. The start

qualify for the ITC in 6b.

date can't be earlier than January 1, 2006. The start date is the

earlier of the date the first physical change to the project site is

Line 7. For each location in your project site, identify the total

scheduled to occur or the date new employees related to the

actual or projected cost of new plant and building facilities. The

project site will be first employed in Idaho.

total of these amounts should match the sum of the totals for

lines 6a and 6b.

Line 3. Enter the date the project ended or is scheduled to end.

This date can't be longer than 10 years or later than December

31, 2020.

Line 4. For each project site, provide the street address.

Include the percent of the new plant and building facilities

invested in the project that will be located at each separate

location. The total of these percents must equal 100%.

Form 89se - Certification For Idaho'S Small Employer Tax Incentives Page 4

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