Idaho Administrative Code
Title IDAPA 35 - Tax Commission, State
Rule 35.01.01 - INCOME TAX ADMINISTRATIVE RULES
Section 35.01.01.791 - TRANSFER OF CREDIT: NOTIFICATION OF INTENDED TRANSFER
Universal Citation: ID Admin Code 35.01.01.791
Current through September 2, 2024
Sections 63-3029I Idaho Code
01. Timing of Notification. A taxpayer who intends to transfer qualified credit is to notify the Tax Commission in writing of its intent to transfer the credit at least sixty (60) days prior to the date of the transfer. A transfer may not take place prior to the Tax Commission providing its response as to the amount of credit available and the years the credit may be carried forward.
02. Information Required. A transferor or intermediary is to notify the Tax Commission by submitting the following information on a form prescribed by the Tax Commission:
a. Name, address, and federal employer identification number of the transferor or intermediary;
b. Name, address, and federal employer identification number of the transferee;
c. Type of credit to be transferred;
d. Amount of credit to be transferred;
e. Date of intended transfer;
f. Signature of authorized individual for transferor or intermediary; and
g. A copy of the Idaho Form 68, Idaho Broadband Equipment Investment Credit and required schedules for each tax year the credit being transferred was earned.
Effective April 6, 2023
Disclaimer: These regulations may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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