Form 72 - Idaho Hire One Act Credit - 2013

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72
2013
F
IDAHO HIRE ONE ACT CREDIT
O
R
M
EFO00242
10-10-13
Name(s) as shown on return
Social Security Number or EIN
PART I. QUALIFYING FOR THE CREDIT
You may be entitled to claim the Hire One Act credit in tax year 2013 for an employee, if:
1. The employee:
a. Was a regular full-time employee or a part-time employee who customarily performed duties at least 20 hours per week,
b. Was subject to Idaho income tax withholding, whether any amounts were required to be withheld,
c. Was employed in an Idaho trade or business,
d. Was covered for Idaho unemployment insurance purposes, and
e. Performed duties for the employer for a minimum of nine consecutive months with at least part of that time occurring
during the tax year for which the credit is claimed.
2. The employee wasn't employed as a result of the employer acquiring another taxpayer's trade or business, except where the prior
taxpayer would have qualified for the credit.
3. The employee wasn't employed as a result of the employer operating a place of business in the same or substantially identical
trade or business as operated by another taxpayer within the prior 12 months, except where the prior taxpayer would have qualified
for the credit.
4. The employee didn't transfer to the employer from a related taxpayer.
5. The employee:
a. Was hired on or after April 15, 2011,
b. Received employer-provided health care benefits, and
c. Was hired at an average hourly rate of:
i. At least $12 per hour in a county with a 10% or greater unemployment rate, or
II. At least $15 per hour in a county with an unemployment rate of less than 10%.
PART II. INCREASE IN NUMBER OF EMPLOYEES
Include on lines 1 through 3 only those employees in your Idaho Quarterly Unemployment Insurance Tax Reports who met
the criteria in Part I, lines 1 through 4. See instructions.
1. Average number of employees during the tax year ................................................................................... 1
2. Average number of employees during the three preceding tax years ....................................................... 2
3. Average number of employees during the preceding tax year .................................................................. 3
4. Subtract the greater of lines 2 or 3 from line 1 and enter the difference. If the amount
doesn't equal or exceed one, stop — you don't qualify for the credit; otherwise, continue to Part III ....... 4
PART III. QUALIFYING WAGES
Although you may show an increase in employees in Part II, only the wages of new employees who met all of the criteria
in Part I, lines 1 through 5, may be eligible for the credit. See instructions for identifying the employee and the employee's
wages to be entered on lines 1a and 1b.
1. Wages of employees included on Part II, line 4 with average annual earnings of:
a. At least $12 per hour in a county with an unemployment rate equal
to or greater than 10% ....................................................................................... 1a
b. At least $15 per hour in a county with an unemployment rate of
less than 10% .................................................................................................... 1b
2. Add lines 1a and 1b. Include Form 72-S .................................................................................................
2
PART IV. CREDIT ALLOWED
%
1. Credit percentage ..................................................................................................................................... 1
If your tax rate in Box 4 on your Idaho Department of Labor Notice of Taxable Wage Rate for
calendar year 2013 is:
• Less than 2.752%, enter 6 percent on line 1,
• Equal to 2.752%, enter 4 percent on line 1, or
• Greater than 2.752%, enter 2 percent on line 1.
2. Credit allowed. Multiply line 1 by Part III, line 2. Enter amount here and on your Idaho return:
Form 40, line 48; Form 41, line 55; Form 41S, line 61; Form 43, line 67; Form 65, line 57; or
Form 66, line 26 ........................................................................................................................................ 2

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