Idaho Idaho Small Employer Real Property Improvement Tax Credit

Idaho Small Employer Real Property Improvement Tax Credit
Form 84, Small Employer Real Property Improvement Tax Credit and Instructions 2023
Form 84
Small Employer Real Property Improvement
Tax Credit
Names as shown on return

2023

Social Security number or EIN

Qualifying for the Credit
You can claim the small employer real property improvement tax credit if you’ve certified on Form 89SE that you’ll meet all
the following tax incentive criteria at the project site during the project period:
•	 Capital investment in new plant and building facilities of at least $500,000
•	 Increased employment by at least 10 new employees, each earning at least $19.23 per hour and receiving health
benefits.
•	 For new employment increases above the 10 new employees, the average wages of the additional new employees
are at least $15.50 per hour worked. See instructions for who’s included in this calculation.
If you haven’t filed Form 89SE with the Tax Commission or have been notified that you don’t qualify for the small employer
incentives, you don’t qualify for this credit.
Credit Available Subject to Limitation
1. Amount of investments in new plant and building facilities acquired during the tax year.
Don’t include any qualified investments reported on Form 83. Include a complete list of the
investments qualifying for this credit ..........................................................................................
2. Credit earned. Multiply line 1 by 2.5% ........................................................................................
3. Pass-through share of credit from an S corporation, partnership, trust, or estate ......................
4. Credit received through unitary sharing. Include a schedule ......................................................
5. Carryover of small employer real property improvement tax credit from prior years ..................
6. Carryover eliminated due to recapture in 2023. Enter the amount from Form 84R,
line 13. Include Form 84R ..........................................................................................................
7. Credit distributed to shareholders, partners, or beneficiaries .....................................................
8. Credit shared with unitary affiliates .............................................................................................
9. Total credit available subject to limitations. Add lines 2 through 5, then
subtract lines 6 through 8 ...........................................................................................................
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.

Enter the Idaho income tax from your tax return ........................................................................
Credit for income tax paid to other states ................................................ 11
Credit for contributions to Idaho educational entities ............................... 12
Investment tax credit from Form 49, Part II, line 9 .................................. 13
Credit for contributions to Idaho youth and rehabilitation facilities .......... 14
Credit for production equipment using post-consumer waste ................. 15
Promoter-sponsored event credit ............................................................ 16
Credit for Idaho research activities from Form 67, line 29 ....................... 17
Broadband equipment investment credit from Form 68, line 18 .............. 18
Reserved ................................................................................................. 19
Small employer investment tax credit from Form 83, line 28 ................... 20
Add lines 11 through 20 ..............................................................................................................
Tax available after other credits. Subtract line 21 from line 10 ...................................................
Credit allowable subject to limitation of tax. Enter the smaller of:
a. the amount from line 9, or
b. $125,000 ...............................................................................................................................
24. Total credit allowed on current year tax return. Enter the smaller amount
from lines 22 or 23 here and on Form 44, Part I, line 7 .............................................................

1
2
3
4
5
6
7
8
9
10

21
22

23
24

Credit Carryover
25. Total credit available subject to limitations. Enter the amount from line 9 .................................. 25
26. Credit allowed. Enter the amount from line 24...................................................... ............................. 26
27. Credit carryover to future years. Subtract line 26 from line 25. Enter the amount here
and on Form 44, Part I, line 7 ..................................................................................................... 27
EFO00010

09-22-2023 

Form 84 — Instructions
Small Employer Real Property Improvement
Tax Credit
General Instructions

Use Form 84 to calculate the Idaho small employer
real property improvement tax credit (SE-RPITC)
earned or allowed. Each member of a unitary group
of corporations that earns or is allowed the credit
must complete a separate Form 84.
Qualifying Taxpayers
To qualify for the SE-RPITC, you must certify by
filing Form 89SE that you’ll meet the tax incentive
criteria at the project site during the project period.
If you haven’t filed Form 89SE with the Tax
Commission or you’ve been notified that you don’t
qualify for the small employer incentives, you can’t
claim this credit.
Qualifying Property
If you’re a qualifying taxpayer, the SE-RPITC is
allowed on buildings and structural components of
buildings that don’t qualify for the investment tax
credit. The buildings and structural components
must be at the project site and placed in service
during the project period.
The buildings and structural components must be
new property. Used property doesn’t qualify for this
credit.
Buildings and structural components mean
buildings and structural components of buildings
as defined in Federal Treasury Regulation Section
1.48-1 for Internal Revenue Code Section 48
repealed by Public Law 101-508.
Building generally means any structure enclosing
a space within its walls, and usually covered by
a roof, to provide shelter or housing or to provide
working office or parking space.
Structural components include parts of a building
such as:
•	 Walls
•	 Partitions
•	 Floors
•	 Ceilings and any permanent coverings to these
items such as paneling or tiling
•	 Windows and doors
•	 All components of a central air conditioning or
heating system
•	 Plumbing and plumbing fixtures
•	 Electrical wiring and lighting fixtures
•	 Chimneys
•	 Stairs, escalators, and elevators

EIN00090

09-22-2023 

2023

•	 Sprinkler systems
•	 Fire escapes
•	 Other components relating to the operation or
maintenance of a building
Carryover Periods
SE-RPITC that was earned but not used against tax
may be carried forward for 14 tax years. For purposes
of the carryover period, a short tax year counts as one
tax year.
Recapture
Compute recapture if you sell or otherwise dispose of
the property or it no longer qualifies for the SE-RPITC
before it’s been in service for five full years.
In addition, compute recapture if you claimed the
SE-RPITC in an earlier year and don’t meet the tax
incentive criteria that you certified to on Idaho Form
89SE.
If you claimed the SE-RPITC and recapture is now
required, file Form 84R.

Specific Instructions

Instructions are for lines not fully explained on the form.
Credit Available Subject to Limitation
Line 1. Include a list of all property you acquired and
placed in service during the tax year that qualifies
for the SE-RPITC. List each item of property and its
location, your basis in the item, and the date placed in
service. Don’t include any property placed in service
before the date the project period began.
Line 3. Enter the amount of the SE-RPITC that’s
being passed through by S corporations, partnerships,
trusts, or estates you have an interest in. This amount
is from Form ID K-1, Part VII, line 43 or Form ID K-1,
Part XI, line 67 (Composite/ABE).
Line 4. If you’re a member of a unitary group, enter
the amount of credit you received from another
member of the unitary group.
Line 5. Enter the carryover from your 2022 Form 84,
line 27.
Line 7. If you’re an S corporation, partnership, trust,
or estate, enter the amount of credit that passed
through to shareholders, partners, or beneficiaries.

Page 1 of 2

Form 84 — Instructions

Line 8. If you’re a member of a unitary group, enter
the amount of credit you earned that you elect to
share with other members of your unitary group.
Before you can share your credit, you must use the
credit up to the allowable limitation of the tax liability.
Corporations claiming the SE-RPITC must provide
a calculation of the credit earned and used by each
member of the combined group. The schedule
must clearly identify the shared credit and the
computation of any credit carryovers.
Credit Limitations
The SE-RPITC is limited to the smaller of $125,000
or the Idaho income tax after allowing all other tax
credits that may be claimed before the SE-RPITC.
The following credits must be applied to the tax
before the SE-RPITC:
1.	 Credit for income tax paid to other states
2.	 Credit for contributions to Idaho educational
entities
3.	 Investment tax credit
4.	 Credit for contributions to Idaho youth and
rehabilitation facilities
5.	 Credit for production equipment using
post-consumer waste
6.	 Promoter-sponsored event credit
7.	 Credit for Idaho research activities
8.	 Broadband equipment investment credit
9.	 Small employer investment tax credit

2023

(continued)

Line 11. Enter the credit for income tax paid to other
states from Form 39R, Form 39NR or Form 66. This
credit is available only to individuals, trusts, or estates.
Line 12. Enter the credit for contributions to Idaho
educational entities from the appropriate Idaho income
tax return.
Line 14. Enter the credit for contributions to Idaho
youth and rehabilitation facilities from the appropriate
Idaho income tax return.
Line 15. Enter the credit for production equipment
using post-consumer waste from the appropriate Idaho
income tax return.
Line 16. Enter the promoter-sponsored event credit
from the appropriate Idaho income tax return.
Line 24. Enter the smaller amount from lines 22 or
23 here and on Form 44, Part I, line 7, in the Credit
Allowed column.
If you’re an S corporation or partnership and you’ve
elected to be an ABE, this amount also needs to be
distributed to the shareholders or partners on their
Form ID K-1.
Credit Carryover
Line 27. The amount of credit available that exceeds
the total credit allowed on the current year tax return
may be carried forward up to 14 tax years. Enter this
amount on Form 44, Part I, line 7 in the Carryover
column.

Line 10. Enter the amount of your Idaho income
tax. This is the computed tax before subtracting any
credits or adding the permanent building fund tax or
any other taxes.

Contact us:

In the Boise area: (208) 334-7660 | Toll free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00090

09-22-2023 

Page 2 of 2