Form 68 - Idaho Broadband Equipment Investment Credit - 2012 Page 3
Download a blank fillable Form 68 - Idaho Broadband Equipment Investment Credit - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 68 - Idaho Broadband Equipment Investment Credit - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3EFO00038p3
Form 68 - Page 2
09-19-12
Corporations claiming the broadband equipment
is the computed tax before adding the permanent building
investment credit must provide a calculation of the credit
fund tax or any other taxes, or subtracting any credits.
earned and used by each member of the combined group.
The schedule must clearly identify shared credit and the
Line 13a. Enter the credit for tax paid to other states from
computation of any credit carryovers.
Form 39R or Form 39NR. This credit is available only to
individuals, estates, and trusts.
Line 10. If you transferred credit to another taxpayer,
enter the amount of credit you transferred. You can only
Line 13b. Enter the credit for contributions to Idaho
transfer credit that you originally earned, unless you are
educational entities from the appropriate Idaho income tax
an intermediary.
return.
Line 13c. Enter the investment tax credit allowed from
CREDIT LIMITATIONS
If you are claiming against tax the Idaho credit for
Form 49, Part II, line 8.
qualifying new employees, skip lines 12 through 16 and
compute the limitations on Form 55, Idaho Credit for
Line 13d. Enter the credit for contributions to Idaho youth
Qualifying New Employees, Part II, Credit Limitations. The
and rehabilitation facilities from the appropriate Idaho
Idaho broadband equipment investment credit and most
income tax return.
other credits will be limited to 50% of your Idaho income
tax. Return to Form 68, line 17 to compute the credit
Line 13e. Enter the credit for production equipment using
carryover.
postconsumer waste from the appropriate Idaho income
tax return.
If you aren't claiming against tax the credit for qualifying
new employees, compute the credit limitations on Form
Line 13f. Enter the promoter sponsored event credit from
68. The Idaho broadband equipment credit is limited to
the appropriate Idaho income tax return.
the smaller of $750,000 or the Idaho income tax after
allowing all other tax credits that can be claimed before it.
Line 13g. Enter the credit allowed for Idaho research
activities from Form 67, line 29.
The following credits must be applied to the tax before the
broadband equipment investment credit:
Line 16. Enter the smaller amount from lines 14 or 15 on
line 16. Enter this amount on Form 44, Part I, line 6, in the
1. Credit for tax paid to other states
Credit Allowed column.
2. Credit for contributions to Idaho educational entities
3. Investment tax credit
CREDIT CARRYOVER
4. Credit for contributions to Idaho youth and rehabilitation
Line 19. The amount of credit available that exceeds the
total credit allowed on the current year tax return may be
facilities
5. Credit for production equipment using postconsumer
carried forward up to 14 tax years. Enter this amount on
Form 44, Part I, line 6 in the Carryover column.
waste
6. Promoter sponsored event credit
7. Credit for qualifying new employees
8. Credit for Idaho research activities
Line 12. Enter the amount of your Idaho income tax. This
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial