Form 68 - Idaho Broadband Equipment Investment Credit - 2011 Page 3
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Form 68 - Page 2
08-02-11
Corporations claiming the broadband equipment
Line 13a. Enter the credit for tax paid to other states from
investment credit must provide a calculation of the credit
Form 39R or Form 39NR. This credit is available only to
earned and used by each member of the combined group.
individuals, estates, and trusts.
The schedule must clearly identify shared credit and the
computation of any credit carryovers.
Line 13b. Enter the credit for contributions to Idaho
educational entities from the appropriate Idaho income tax
Line 10. If you transferred credit to another taxpayer,
return.
enter the amount of credit you transferred. You can only
transfer credit that you originally earned, unless you are
Line 13c. Enter the investment tax credit allowed from
an intermediary.
Form 49, Part II, line 8.
CREDIT LIMITATIONS
Line 13d. Enter the credit for contributions to Idaho youth
The Idaho broadband equipment credit is limited to the
and rehabilitation facilities from the appropriate Idaho
smaller of $750,000 or the Idaho income tax after allowing
income tax return.
all other tax credits that can be claimed before it.
Line 13e. Enter the credit for production equipment using
The following credits must be applied to the tax before the
postconsumer waste from the appropriate Idaho income
broadband equipment investment credit:
tax return.
Line 13f. Enter the promoter sponsored event credit from
1.
Credit for tax paid to other states
2.
Credit for contributions to Idaho educational entities
the appropriate Idaho income tax return.
3.
Investment tax credit
4.
Credit for contributions to Idaho youth and rehabilitation
Line 13g. Enter the credit allowed for Idaho research
facilities
activities from Form 67, line 29.
5.
Credit for production equipment using postconsumer
waste
Line 16. Enter the smaller amount from lines 14 or 15 on
6.
Promoter sponsored event credit
line 16. Enter this amount on Form 44, Part I, line 5, in the
7.
Credit for Idaho research activities
Credit Allowed column.
Line 12. Enter the amount of your Idaho income tax. This
CREDIT CARRYOVER
is the computed tax before adding the permanent building
Line 19. The amount of credit available that exceeds the
fund tax or any other taxes, or subtracting any credits.
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 5 in the Carryover column.
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