Form 85 - Idaho Small Employer New Jobs Tax Credit - 2014 Page 4
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Line 12. If you are a member of a unitary group, enter the
Line 18. Enter the amount of your Idaho income tax. This is the
amount of credit you received from another member of the
computed tax before adding the permanent building fund tax or
unitary group.
any other taxes, or subtracting any credits.
Line 19. Enter the credit for tax paid to other states from
Line 13. Enter the carryover from your 2013 Form 85, line 36.
Form 39R or Form 39NR. This credit is available only to
Line 15. If you are a partnership, S corporation, trust or estate,
individuals, estates, and trusts.
enter the amount of credit that passed through to partners,
shareholders, or beneficiaries.
Line 20. Enter the credit for contributions to Idaho educational
entities from the appropriate Idaho income tax return.
Line 16. If you are a member of a unitary group, enter the
amount of credit you earned that you elect to share with other
Line 21. Enter the investment tax credit allowed from Form 49,
members of your unitary group. Before you can share your
Part II, line 8.
credit, you must use the credit up to the allowable limitation of
Line 22. Enter the credit for contributions to Idaho youth and
your tax liability.
rehabilitation facilities from the appropriate Idaho income tax
Corporations claiming the SE-NJTC must provide a calculation
return.
of the credit earned and used by each member of the combined
group. The schedule must clearly identify shared credit and the
Line 23. Enter the credit for production equipment using post-
computation of any credit carryovers.
consumer waste from the appropriate Idaho income tax return.
CREDIT LIMITATIONS
Line 24. Enter the promoter sponsored event credit from the
If you are claiming against tax the Idaho credit for qualifying new
appropriate Idaho income tax return.
employees, skip lines 18 through 33 and compute the limitations
on Form 55, Idaho Credit for Qualifying New Employees,
Line 25. Enter the credit allowed for Idaho research activities
Part II, Credit Limitations. Return to Form 85, line 34 to compute
from Form 67, line 29.
the credit carryover.
Line 26. Enter the amount allowed for the broadband equipment
The SE-NJTC is limited to the smaller of 62.5% of your tax
investment tax credit from Form 68, line 18.
liability or the Idaho income tax after allowing all other tax credits
that may be claimed before the SE-NJTC.
Line 27. Enter the credit allowed for the incentive investment tax
credit from Form 69, line 16.
The following credits must be applied to the tax before the
SE-NJTC:
Line 28. Enter the small employer investment tax credit allowed
from Form 83, line 28.
1. Credit for tax paid to other states
2. Credit for contributions to Idaho educational entities
Line 29. Enter the small employer real property improvement
3. Investment tax credit
tax credit allowed from Form 84, line 26.
4. Credit for contributions to Idaho youth and rehabilitation
facilities
Line 33. Enter the smallest amount from lines 17, 31, or 32
5. Credit for production equipment using postconsumer
on line 33. Enter this amount on Form 44, Part I, line 10 in the
waste
Credit Allowed column.
6. Promoter sponsored event credit
7. Credit for qualifying new employees
CREDIT CARRYOVER
8. Credit for Idaho research activities
Line 36. The amount of credit available that exceeds the total
9. Broadband equipment investment credit
credit allowed on the current year tax return may be carried
10. Incentive investment tax credit
forward up to 10 tax years. Enter this amount on Form 44,
11. Small employer investment tax credit
Part I, line 10, in the Carryover column.
12. Small employer real property improvement tax credit
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