Form 68 - Idaho Broadband Equipment Investment Credit - 2012 Page 2
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Instructions for Idaho Form 68
09-19-12
GENERAL INSTRUCTIONS
Carryover Periods
The credit carryover is limited to 14 tax years. A
Form 68 is used to calculate the broadband equipment
transferee is entitled to the same carryover period that
investment credit earned or allowed. Each member of
would have been allowed to the transferor.
a unitary group that earns or is allowed the credit must
complete a separate Form 68.
SPECIFIC INSTRUCTIONS
Instructions are for lines not fully explained on the form.
Qualifying Property
You must obtain an order from the Idaho Public Utilities
Commission (PUC) confirming that your installed
CREDIT AVAILABLE SUBJECT TO LIMITATION
equipment is qualified broadband equipment.
Line 1. Include a list of all property you acquired during
the tax year for which you are claiming the broadband
Qualified broadband equipment is equipment that qualifies
equipment investment credit. The list should identify each
for the investment tax credit and is capable of transmitting
piece of equipment, your basis in the item, and the date
signals at a rate of at least 200,000 bits per second to
placed in service. Do not include any equipment that was
a subscriber and at least 125,000 bits per second from
disposed of, that ceased to qualify, or that was moved
a subscriber. Also, specific requirements must be met
from Idaho before the end of the year.
by telecommunications carriers, commercial mobile
service carriers, cable or open video system operators,
You must also include the approval from the Idaho
satellite or wireless carriers, packet switching equipment,
PUC that confirms the installed equipment is qualified
and multiplexing and demultiplexing equipment. The
broadband equipment.
equipment must be used primarily to provide services to
public subscribers in Idaho.
Line 3. Enter the amount of broadband equipment
investment credit that is being passed to you from
partnerships, S corporations, estates, or trusts in which
Unitary Sharing
A corporation included as a member of a unitary group of
you have an interest. This amount is from Form ID K-1,
corporations may elect to share the broadband equipment
Part D, line 6.
investment credit it earns but does not use with other
members of the unitary group. The corporation must claim
Line 4. If you are a member of a unitary group of
the broadband equipment investment credit to the extent
corporations, enter the amount of credit you received from
allowable against its Idaho income tax before it can share
another member of the unitary group.
the credit.
Line 5. If you received credit as a result of a transfer from
another taxpayer, enter the amount of credit you received.
Transfer of Credit
A taxpayer who earns the broadband equipment
Include a copy of Form 70.
investment credit and an intermediary may transfer the
credit to another taxpayer. The transferor must submit
Line 6. Enter the carryover from your 2011 Form 68,
Form 70, Idaho Statement of Credit Transfer, to the Tax
line 19.
Commission at least 60 days prior to the date of transfer.
The Tax Commission will verify the amount of credit
Line 8. If you are a partnership, S corporation, estate, or
available for transfer and the number of carryover years.
trust, enter the amount of credit that passed through to
partners, shareholders, or beneficiaries.
The transferee may first claim the transferred credit on his
income tax return originally filed during the calendar year
Line 9. If you are a member of a unitary group of
in which the transfer takes place. However, the credit may
corporations, enter the amount of credit you earned that
not be claimed on a tax return that begins prior to January
you elect to share with other members of your unitary
1, 2001.
group. Before you can share your credit, you must use
the credit up to the allowable limitation of your Idaho
The transferee must include a copy of Form 70 with each
income tax.
income tax return in which the credit is claimed or carried
over.
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