RECAPTURE OF IDAHO SMALL EMPLOYER
83R
F
O
R
INVESTMENT TAX CREDIT
EFO00012
M
8-11-05
Month
Day
Year
Month
Day
Year
For calendar year _______, or fiscal year beginning
ending
Name(s) as shown on return
Social Security Number or EIN
PART I -- IDENTIFY PROPERTY THAT CEASED TO QUALIFY AS IDAHO SMALL EMPLOYER INVESTMENT TAX
CREDIT PROPERTY
Properties
Property Description
A
B
C
D
E
PART II -- ORIGINAL IDAHO SMALL EMPLOYER INVESTMENT TAX CREDIT
Properties
E
A
B
C
D
1.
Date property was placed
in service .....................................
2.
Cost or other basis ......................
3.75%
3.75%
3.75%
3.75%
3.75%
3.
Credit percentage .......................
4.
Original credit.
Multiply line 2 by line 3. ...............
5.
Date property ceased
to qualify .....................................
6.
Number of full years
between the date on line 1
and the date on line 5
PART III -- COMPUTATION OF RECAPTURE TAX
7.
Recapture percentage
from table, page 2 .......................
8.
Tentative recapture tax.
Multiply line 4 by line 7. ...............
9.
Add line 8, columns A through E. ........................................................................................................................
10.
Pass-through share of credit recapture from S corporations, partnerships, estates or trusts ........................
11.
Add lines 9 and 10. .............................................................................................................................................
12.
Credit recapture distributed to shareholders, partners or beneficiaries ..........................................................
13.
Enter the portion of original credit on line 4 not used to offset tax in any year. Do not enter more
than line 11. Any unused credit on this line cannot be used as a carryover. ....................................................
14.
Add lines 12 and 13. ..........................................................................................................................................
15.
Recapture of small employer investment tax credit. Subtract line 14 from line 11. Enter here and on
Form 44, Part II, line 7. Do not use this amount to reduce current year's small employer investment tax
credit computed on Form 83.