Form 83 - Idaho Small Employer Investment Tax Credit - 2013 Page 3
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3Form 83 - Page 2
EFO00011p3
03-28-13
SPECIFIC INSTRUCTIONS
The following credits must be applied to the tax before the
SE-ITC:
Instructions are for lines not fully explained on the form.
1. Credit for tax paid to other states
CREDIT AVAILABLE SUBJECT TO LIMITATION
2. Credit for contributions to Idaho educational entities
Line 1. Include a list of all property you acquired during the tax
3. Investment tax credit
year that qualifies for the SE-ITC. The list should identify what
4. Credit for contributions to Idaho youth and rehabilitation
each item of property is, your basis in the item and the date
facilities
5. Credit for production equipment using postconsumer waste
placed in service. Do not include any property placed in service
before the date the project period began.
6. Promoter sponsored event credit
7. Credit for qualifying new employees
Line 2. Enter the amount of qualified investments for which you
8. Credit for Idaho research activities
claimed the property tax exemption. This exemption is allowed
9. Broadband equipment investment credit
in lieu of earning the SE-ITC. Include applicable Form(s) 49E.
10. Incentive investment tax credit
Line 5. Enter the amount of the SE-ITC that is being passed
Line 12. Enter the amount of your Idaho income tax. This is the
through by partnerships, S corporations, estates or trusts in
computed tax before adding the permanent building fund tax or
which you have an interest. This amount is reported on Form
any other taxes, or subtracting any credits.
ID K-1, Part D, line 9.
Line 13. Enter the credit for tax paid to other states from Form
Line 6. If you are a member of a unitary group, enter the amount
39R or Form 39NR. This credit is available only to individuals,
of credit you received from another member of the unitary group.
estates, and trusts.
Line 7. Enter the carryover computed on your 2012 Form 83,
Line 14. Enter the credit for contributions to Idaho educational
line 29.
entities from the appropriate Idaho income tax return.
Line 9. If you are a partnership, S corporation, trust or estate,
Line 15. Enter the investment tax credit allowed from Form 49,
enter the amount of credit that passed through to partners,
Part II, line 8.
shareholders, or beneficiaries.
Line 16. Enter the credit for contributions to Idaho youth and
Line 10. If you are a member of a unitary group, enter the
rehabilitation facilities from the appropriate Idaho income tax
amount of credit you earned that you elect to share with other
return.
members of your unitary group. Before you can share your
credit, you must use the credit up to the allowable limitation of
Line 17. Enter the credit for production equipment using post-
your tax liability.
consumer waste from the appropriate Idaho income tax return.
Corporations claiming the SE-ITC must provide a calculation of
Line 18. Enter the promoter sponsored event credit from the
the credit earned and used by each member of the combined
appropriate Idaho income tax return.
group. The schedule must clearly identify shared credit and the
computation of any credit carryovers.
Line 19. Enter the credit allowed for Idaho research activities
from Form 67, line 29.
CREDIT LIMITATIONS
If you are claiming against tax the Idaho credit for qualifying new
Line 20. Enter the amount allowed for the broadband equipment
employees, skip lines 12 through 26 and compute the limitations
investment tax credit from Form 68, line 18.
on Form 55, Idaho Credit for Qualifying New Employees,
Part II, Credit Limitations. Return to Form 83, line 27 to compute
Line 21. Enter the credit allowed for the incentive investment tax
credit from Form 69, line 16.
the credit carryover.
The SE-ITC is limited to the smaller of $750,000, 62.5% of your
Line 26. Enter the smallest amount from lines 23, 24, or 25 on
tax liability, or the Idaho income tax after allowing all other tax
line 26. Enter this amount on Form 44, Part I, line 8 in the Credit
credits that may be claimed before the SE-ITC.
Allowed column.
CREDIT CARRYOVER
Line 29. The amount of credit available that exceeds the total
credit allowed on the current year tax return may be carried
forward up to 14 tax years. Enter this amount on Form 44,
Part I, line 8 in the Carryover column.
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