Form 68 - Idaho Broadband Equipment Investment Credit - 2013

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IDAHO BROADBAND EQUIPMENT

2013

INVESTMENT CREDIT

EFO00038

06-14-13

Name(s) as shown on return

Social Security Number or EIN

CREDIT AVAILABLE SUBJECT TO LIMITATION

1. Amount of qualified investments in broadband equipment acquired during the tax year and approved by

the Idaho Public Utilities Commission (PUC). Include a complete list and approval from the Idaho PUC ....

2. Credit earned. Multiply line 1 by 3% .............................................................................................................

3. Pass-through share of credit from a partnership, S corporation, estate or trust ............................................

4. Credit received through unitary sharing. Include a schedule ........................................................................

5. Credit received by transfer. Include Idaho Statement of Credit Transfer, Form 70 ......................................

6. Carryover of broadband equipment investment credit from prior years .........................................................

7. Carryover eliminated due to recapture in 2013. Enter the amount from Form 68R, line 13.

Include Form 68R ..........................................................................................................................................

8. Credit distributed to partners, shareholders or beneficiaries .........................................................................

9. Credit shared with unitary affiliates ................................................................................................................

10. Credit transferred to another taxpayer. Include Form 70 ..............................................................................

11. Total credit available subject to limitations. Add lines 2 through 6 and subtract lines 7 through 10 ..............

If you are claiming the credit for qualifying new employees, compute the limitation on Form 55,

CREDIT LIMITATIONS

then complete lines 17 through 19 on this form.

If you are not claiming the credit for qualifying new employees, complete lines 12 through 19.

12. Enter the Idaho income tax from your tax return ...........................................................................................

13. a. Credit for tax paid to other states ................................................................. 13a

b. Credit for contributions to Idaho educational entities .................................... 13b

c. Investment tax credit .................................................................................... 13c

d. Credit for contributions to Idaho youth and rehabilitation facilities ............... 13d

e. Credit for production equipment using postconsumer waste ....................... 13e

f. Promoter sponsored event credit ................................................................. 13f

g. Credit for Idaho research activities ............................................................... 13g

h. Add lines 13a through 13g ........................................................................................................................ 13h

14. Net income tax after other credits. Subtract line 13h from line 12 ................................................................

15. Credit allowable subject to limitation of tax. Enter the smaller of:

a. the amount from line 11 or

b. $750,000 ...................................................................................................................................................

16. Broadband equipment investment credit allowed. Enter the smaller amount from line 14 or line 15

here and on Form 44, Part I, line 6 ................................................................................................................

CREDIT CARRYOVER

17. Total credit available subject to limitations. Enter the amount from line 11 ...................................................

18. Broadband equipment investment credit allowed. Enter the amount from line 16 or from Form 55,

Part II, line 19 .................................................................................................................................................

19. Credit carryover to future years. Subtract line 18 from line 17. Enter the amount here and on

Form 44, Part I, line 6 ....................................................................................................................................