Form 67 - Credit For Idaho Research Activities - 2011 Page 5
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5Form 67 - Page 3
EFO00037p5
08-25-11
A taxpayer who hasn't been transacting business in Idaho prior to the
gross receipts for the four preceding tax years is equal to its annual
credit year is considered to have average annual gross receipts for
average gross receipts for the number of years that the taxpayer has
the four preceding tax years equal to zero.
been transacting business in Idaho. Divide line 1e by the applicable
number of tax years.
line 2. Divide the amount on line 1e by 4.
Enter the amount here and on page 1, line 10.
If the taxpayer has been transacting business in Idaho for at least one
but less than four previous tax years, the taxpayer’s average annual
Tax years beginning after 1993 for
which you have Idaho qualified
Calculation
research expenses
First 5 tax years
Use 3% for these years -- Enter 3% on Form 67, Page 2, Part B, line 5.
A
B
C
Aggregate Qualified Research
Aggregate Idaho Gross Receipts
Enter the % on
Expenses for Research Conducted
Form 67, page 2,
in Idaho for:
part B, line 4
6th tax year
the 4th and 5th such tax years
16.67%
7th tax year
the 5th and 6th such tax years
33.33%
Enter the aggregate Idaho gross
8th tax year
the 5th, 6th, and 7th such tax years
50%
receipts for the same tax years as
9th tax year
the 5th through 8th such tax years
66.67%
indicated in Column A
10th tax year
the 5th through 9th such tax years
83.33%
tax years beginning after the 10th tax
any 5 of the 5th through 10th such
100%
year
tax years
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