Form 85 - Idaho Small Employer New Jobs Tax Credit - 2011 Page 2
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4EFO00017p2
08-24-11
Form 85 - Page 2
CREDIT LIMITATIONS
18. Enter the Idaho income tax from your tax return ............................................................................................
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19. Credit for tax paid to other states ........................................................................
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20. Credit for contributions to Idaho educational entities ..........................................
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21. Investment tax credit ...........................................................................................
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22. Credit for contributions to Idaho youth and rehabilitation facilities ......................
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23. Credit for production equipment using postconsumer waste ..............................
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24. Promoter sponsored event credit ........................................................................
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25. Credit for Idaho research activities .....................................................................
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26. Broadband equipment investment credit ............................................................
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27. Incentive investment tax credit ............................................................................
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28. Small employer investment tax credit .................................................................
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29. Small employer real property improvement tax credit .........................................
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30. Add lines 19 through 29 .................................................................................................................................
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31. Tax available after other credits. Subtract line 30 from line 18 .....................................................................
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32. 62.5% of tax. Multiply line 18 by 62.5% .......................................................................................................
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33. Total credit allowed on current year tax return. Enter the smallest amount from lines 17, 31, or 32
here and on Form 44, Part I, line 9 ................................................................................................................
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CREDIT CARRYOVER
34. Total credit available subject to limitations. Enter the amount from line 17 ...................................................
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35. Credit allowed. Enter the amount from line 33 .............................................................................................
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36. Credit carryover to future years. Subtract line 35 from line 34. Enter the amount here and
on Form 44, Part I, line 9 ...............................................................................................................................
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