Form 83 - Idaho Small Employer Investment Tax Credit - 2011
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383
2011
IDAHO SMALL EMPLOYER
F
O
R
INVESTMENT TAX CREDIT
M
EFO00011
08-02-11
Name(s) as shown on return
Social Security Number or EIN
QUALIFYING FOR THE CREDIT
You may claim the small employer investment tax credit if you have certified on Form 89SE that you will meet the following tax incentive
criteria at the project site during the project period:
1. Capital investment in new plant and building facilities of at least $500,000,
2. Increased employment by at least 10 new employees who each earn at least $19.23 per hour and receive health benefits, and
3. For new employment increases above the 10 new employees, the average wages of the additional new employees is at least
$15.50 per hour worked. See the instructions for who is included in this calculation.
If you have not filed Form 89SE with the Tax Commission or have been notified that you do not qualify for the small employer
incentives, you do not qualify for this credit. Complete Form 49 for any investments that qualify for the regular investment tax credit.
CREDIT AVAILABLE SUBJECT TO LIMITATION
1. Amount of qualified investments acquired during the tax year. Include a complete list of qualified
investments ...................................................................................................................................................
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2. Amount of investments for which you claimed the property tax exemption. Include Form 49E ...................
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3. Subtract line 2 from line 1. This is the amount of qualified investments on which you may earn
the small employer investment tax credit .....................................................................................................
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4. Credit earned. Multiply line 3 by 3.75% .......................................................................................................
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5. Pass-through share of credit from a partnership, S corporation, estate or trust ...........................................
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6. Credit received through unitary sharing. Include a schedule .......................................................................
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7. Carryover of small employer investment tax credit from prior years .............................................................
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8. Carryover eliminated due to recapture in 2011. Enter the amount from Form 83R, line 13.
Include Form 83R .........................................................................................................................................
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9. Credit distributed to partners, shareholders or beneficiaries ........................................................................
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10. Credit shared with unitary affiliates ...............................................................................................................
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11. Total credit available subject to limitations. Add lines 4 through 7 and subtract lines 8 through 10 .............
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CREDIT LIMITATIONS
12. Enter the Idaho income tax from your tax return ..........................................................................................
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13. Credit for tax paid to other states .......................................................................
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14. Credit for contributions to Idaho educational entities .........................................
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15. Investment tax credit ..........................................................................................
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16. Credit for contributions to Idaho youth and rehabilitation facilities ......................
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17. Credit for production equipment using postconsumer waste ..............................
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18. Promoter sponsored event credit .......................................................................
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19. Credit for Idaho research activities .....................................................................
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20. Broadband equipment investment credit ............................................................
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21. Incentive investment tax credit ............................................................................
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22. Add lines 13 through 21 ................................................................................................................................
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23. Tax available after other credits. Subtract line 22 from line 12 ..........................
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24. 62.5% of tax. Multiply line 12 by 62.5% .............................................................
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25. Credit allowable subject to limitation of tax. Enter the smaller of:
a. the amount from line 11 or
b. $750,000 ........................................................................................................
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26. Total credit allowed on current year tax return. Enter the smallest amount
from lines 23, 24, or 25 here and on Form 44, Part I, line 7 .........................................................................
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CREDIT CARRYOVER
27. Total credit available subject to limitations. Enter the amount from line 11 ..................................................
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28. Credit allowed. Enter the amount from line 26 ............................................................................................
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29. Credit carryover to future years. Subtract line 28 from line 27. Enter the amount here and
on Form 44, Part I, line 7 ..............................................................................................................................
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