Idaho Idaho Corporation Income Tax Return

Idaho Corporation Income Tax Return
Form 41, Corporation Income Tax Return and Instructions 2023
Don’t Staple

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Amended Return? Check the box. See
page 1 of the instructions for reasons to
amend, and enter the number that applies. ▪

For calendar year
2023 or fiscal
year beginning

Mo

Day

2023
Year

Current business mailing address

Mo

Day

ZIP Code

NAICS Code

Foreign country (if not U.S.)

1. If a federal audit was finalized this year, enter the latest year audited ...................... ▪
2. Is this an inactive corporation or nameholder corporation? .........................................................................
3. a. Were federal estimated tax payments required? ....................................................................................
b. Were estimated tax payments based on annualized amounts? .............................................................
4. Is this a final return? ....................................................................................................................................
If yes, check the proper box below, and enter the date the event occurred
Enter new EIN
Withdrawn from Idaho
Dissolved
Merged or reorganized
5. Is this an electrical or telephone utility? .......................................................................................................
6. EIN of parent from consolidated Form 1120, Schedule K as filed with the IRS ▪
7. Did you use the combined reporting method? .............................................................................................
a. Does this corporation own more than 50% of another corporation? ......................................................
b. Does another corporation own more than 50% of this corporation? ......................................................
c. Does one interest own more than 50% of this corporation and another corporation? ............................
d. Are two or more corporations in this report operating in Idaho or authorized to do business in Idaho?
8. If you’re a multinational unitary group, answer questions a, b, and c. Complete Form 42.
Worldwide return ▪
Water’s-edge return See Form 14.
a. Check the box for your filing method: ▪
b. If you’re filing a water’s-edge return, do you elect not to file the water’s-edge spreadsheets? ..............
c. If you’re filing a worldwide return, did you compute foreign income by making book-to-tax adjustments?
9. Did you claim the property tax exemption for investment tax credit property acquired this tax year? .........
10. Are one or more corporations in this report paying the Idaho premium tax?................................................

Don’t Staple

Additions

Federal taxable income. See instructions ......................................................................................
Interest and dividends not taxable under Internal Revenue Code .................................................
State, municipal, and local taxes measured by net income ...........................................................
Net operating loss deducted on federal return ..............................................................................
Dividends-received deduction on federal return ............................................................................
Bonus depreciation. Include a schedule.
Check the box if you have a current year loss limitation. See instructions ▪
.................................
17. Other additions, including additions from Form 42, Part II .............................................................
18. Add lines 11 through 17 .................................................................................................................

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19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.

▪ 19

11.
12.
13.
14.
15.
16.

Subtractions

Foreign dividend gross-up (Sec. 78, Internal Revenue Code) .......................................................
Interest from Idaho municipal securities ...................................................... ▪ 20
Interest on U.S. government obligations. Include a schedule ..................... ▪ 21
Interest and other expenses related to lines 20 and 21................................ ▪ 22
Add lines 20 and 21, then subtract line 22 ....................................................................................
Technological equipment donation ................................................................................................
Allocated income. Include a schedule ......................................................... ▪ 25
Interest and other expenses related to line 25. Include a schedule ............. ▪ 26
Subtract line 26 from line 25 ..........................................................................................................
Bonus depreciation. Include a schedule ........................................................................................
Other subtractions, including subtractions from Form 42, Part II ...................................................
Total subtractions. Add lines 19, 23, 24, 27, 28, and 29 ................................................................
Net business income subject to apportionment. Subtract line 30 from line 18 ..............................

Continue to page 2. — Include a complete copy of your federal Form 1120.
Return and payment - Mail to: Idaho State Tax Commission, PO Box 83784 Boise ID 83707-3784
Return only - Mail to: Idaho State Tax Commission, PO Box 56, Boise, ID 83756-0056
EFO00025

01-25-2024

State use only

Federal Employer Identification Number (EIN)

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State

Year

ending

State use only

Business name

City

8734

Form 41
Corporation Income Tax Return

Page 1 of 2

11
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13
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15

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18

23

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27

▪ 28
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30
▪ 31

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No
No
No
No

Yes ▪

No

Yes
Yes
Yes
Yes
Yes

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No
No
No
No
No

Yes
Yes
Yes
Yes

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No
No
No
No

Yes
Yes
Yes
Yes

Form 41

2023

32. Net business income subject to apportionment. Enter the amount from line 31 .....................
32
33. Corporations with all activity in Idaho enter 100%. Multistate/multinational corporations
complete and include Form 42; enter the apportionment factor from Form 42, Part I, line 21 .............. ▪
34. Net business income apportioned to Idaho. Multiply line 32 by the percent on line 33 ......................... ▪
35. Income allocated to Idaho. See instructions .......................................................................................... ▪
36. Idaho net operating loss carryover ▪
carryback ▪
Enter total ...............
37. Idaho taxable income. Add lines 34 and 35, then subtract line 36 ........................................................ ▪
38. Idaho income tax. Multiply line 37 by 5.8%. Minimum $20 for each corporation. See instructions.
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33
34
35
36
37
38

39. Credit for contributions to Idaho educational entities ................................... ▪ 39
40. Credit for contributions to Idaho youth and rehabilitation facilities .............. ▪ 40
41. Total business income tax credits from Form 44, Part I, line 10.
Include Form 44 ...........................................................................................
41
42. Total credits. Add lines 39 through 41 ...........................................................................................
43. Subtract line 42 from line 38. If line 42 is greater than line 38, enter zero ....................................

42
43

44. Permanent building fund tax. Enter $10. Combined reports include $10 for
each corporation operating or authorized to do business in Idaho ................................................
45. Total tax from recapture of income tax credits from Form 44, Part II, line 6. Include Form 44 ......
46. Fuels tax due. Include Form 75 .....................................................................................................
47. Sales/use tax due on untaxed purchases (online, mail order, and other) ..............................
48. Tax from recapture of qualified investment exemption (QIE). Include Form 49ER ........................
49. Total tax. Add lines 43 through 48 .................................................................................................
50. Underpayment interest. Include Form 41ESR ...............................................................................
51. Donation to Opportunity Scholarship Program ..............................................................................
52. Add lines 49 through 51 .................................................................................................................


44
45
46
47
48
49
50
51
52

Credits

Other Taxes

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Payments and Other Credits

(continued)

%

53. Estimated tax payments. If made under other EINs, provide EINs, amounts, and rollforwards .......... ▪ 53
54. Tax paid by ABE on the corporation’s behalf ....................................................................................... ▪ 54
55. Special fuels tax refund
Gasoline tax refund
Include Form 75 ....
55
Claim of Right credit ▪
56. Tax reimbursement incentive credit ▪
Include certificate .......................................................................................................................... ▪ 56
57. Total payments and other credits. Add lines 53 through 56 ..........................................................
57

Refund or Payment Due
58.
59.
60.
61.
62.
63.

Tax due. If line 52 is more than line 57, subtract line 57 from line 52 ........................................... ▪
Penalty ▪
Interest from the due date ▪
Enter total ........................
Nonrefundable credit from a prior year return. See Form 44 instructions ..................................... ▪
Total Due. Add lines 58 and 59, then subtract line 60 ................................................................. ▪ 61
Overpayment. If line 52 is less than line 57, subtract line 52 from line 57 ........................................... ▪
Refund ......... ▪
Apply to 2024 ......... ▪
See instructions.

Amended Return Only. Complete this section to determine your tax due or refund.
64.
65.
66.
67.
▪

Total due (line 61) or overpayment (line 62) on this return ............................................................
Refund from original return plus additional refunds ..........................................................................
Tax paid with original return plus additional tax paid .....................................................................
Amended tax due or refund. Add lines 64 and 65, then subtract line 66 .......................................

58
59
60
62

64
65
66
67

Within 180 days of receiving this return, the Idaho State Tax Commission may discuss this return with the paid preparer identified below.
Under penalties of perjury, I declare that to the best of my knowledge and belief this return is true, correct, and complete. See instructions.
Signature of officer

Date

Sign ▪
Here Title

Phone number

Paid preparer’s signature

▪

Address
EFO00025

Preparer’s EIN, SSN, or PTIN

▪

Phone number
01-25-2024

Page 2 of 2

Form 41 — Instructions
Corporation Income Tax Return
Instructions are for lines not fully explained on the form.

Rounding
Round the amounts on the return to the nearest
whole dollar. Round down if under 50 cents, round
up if 50 cents or more.

Heading
File the 2023 return for calendar year 2023 or a
fiscal year that begins in 2023. For a fiscal year, fill
in the tax year space at the top of the form.
Write your business name, address, and federal
Employer Identification Number (EIN) in the space
provided. Don’t include the dash when entering your
EIN. Also, provide your NAICS (North American
Industry Classification System) code, listed as the
business activity code on your federal return.

Amended Return
You can use this form as an original return or an
amended return.
If you’re filing this form as an amended return,
check the box at the top of the form. Enter the
number from the following list that best describes
your reason for amending.
1.	 Federal Audit
2.	 Capital Loss Carryback
3.	 Net Operating Loss Carryback – Include Form 56
or a schedule showing the application of the loss
4.	 Federal Amended
5.	 Other – Include an explanation
Complete the entire form using the corrected amounts.

Questions 1 – 10
Mark the appropriate boxes, and provide the
requested information. Answer each question, or the
return will be considered incomplete. Incomplete
returns delay processing. Unanswered questions in
this section will be assumed to be a “no.”
Question 1 Federal Audit. If a federal audit was
finalized during the tax year, enter the most recent
tax year covered in the audit.
Question 2 Inactive or Nameholder Corporations.
Check the “Yes” box if the corporation is authorized
to transact business in Idaho but has no business
activity and no income attributable to Idaho.
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01-25-2024 

2023

Question 3 Estimated Tax Payments.
a.	 Check the “No” box if the corporation wasn’t
required to make federal estimated tax payments
in 2023.
b.	 Check the “Yes” box if your estimated tax
payments were based on annualized amounts.
Question 4 Final Return. If this is the corporation’s
final return for Idaho, check the box that explains the
reason, and enter the date the event occurred. Enter
the new federal EIN if the corporation has merged
or reorganized.
Question 5 Electrical or Telephone Utility. If this
return is for an electrical or telephone utility, check the
“Yes” box.
Question 6 EIN of Parent. If the corporation is a
subsidiary in an affiliated group or a parent subsidiary
controlled group, enter the name and EIN of the parent
corporation. For the definition of a subsidiary in an
affiliated group or a parent controlled group, see the
instructions for federal Form 1120, Schedule K.
Question 7 Combined Reporting Information.
Check the “Yes” box if this return is prepared
using the combined reporting method. Even if you
checked the “No” box, answer questions a through
c. Include Form 41A if you answer yes to any of the
questions 7 through 7d. Don’t consider ownership by
an S corporation when answering these questions.
a.	 If the corporation filing this return owns more
than 50% of another corporation, check the
“Yes” box.
b.	 If another corporation owns more than 50%
of the corporation filing this return, check the
“Yes” box.
c.	 If the same interest owns more than 50% of
the corporation filing this return and another
corporation, check the “Yes” box.
d.	 Check the “Yes” box if this is a combined
report and two or more corporations included
in the report are authorized to transact
business in Idaho or are transacting business
in Idaho.
Question 8 Multinational Unitary Group.
a.	 If the corporation filing this return is part of a
multinational unitary group, indicate whether
the return is prepared on a worldwide or
water’s-edge method. If you’re electing
Page 1 of 8

Form 41 — Instructions
water’s-edge, Form 14 is required. If you’re
filing an amended return, you can’t change
your election.
b.	 If this return is filed using the water’s-edge
method, you can elect not to file the domestic
disclosure spreadsheet by checking the
“Yes” box.
c.	 If this return is filed on a worldwide basis,
check the “Yes” box if the income of foreign
subsidiaries is computed by conforming
their profit and loss statements to tax
accounting standards that would be required
by the Internal Revenue Code (IRC) if the
foreign subsidiaries were required to file
federal income tax returns. All book-to-tax
adjustments must be made for all foreign
subsidiaries if this method is used.
Question 9 Property Tax Exemption. Check the
“Yes” box if you elected the property tax exemption
on personal property that qualifies for the investment
tax credit (ITC). Include a copy of your Form 49E.
Question 10 Insurance Companies. Check the
“Yes” box if a corporation included in this report is
an insurance company paying the Idaho premium
tax required by Idaho Code section 41-405.

Additions
Line 11 Federal Taxable Income
If filing as part of a federal consolidated return
or separate federal Form 1120, enter the taxable
income from federal Form 1120, page 1, line 30.
Include a complete copy of the federal income tax
return with your Idaho income tax return.
If the corporations included in the unitary combined
group are different from the federal consolidated
group, report the differences on Form 42, Part II,
lines 1, 2, 3, and 7.
Line 12 Interest and Dividends Not Taxable
Under IRC
Enter the interest and dividends net of applicable
amortization received or accrued from obligations
of any state or political subdivision excluded from
federal taxable income under the provisions of the
IRC. Include a schedule.
Line 13 State, Municipal, and Local Taxes
Enter the total of all state, municipal, and local taxes
measured by net income that have been paid or
accrued during the tax year minus any refunds that
EIN00043

01-25-2024 

2023 (continued)

have been included in federal taxable income. Include
a schedule of all taxes deducted on the federal return.
Line 15 Dividends Received Deduction
Enter the special deduction for dividends deducted
from federal income as allowed by IRC Sections
243(a) and (c), 244, 245, and 246A.
Line 16 Bonus Depreciation
If you claimed bonus depreciation for federal purposes for
property acquired before 2008 or after 2009:
•	 Complete a separate federal Form 4562 or
detailed computation for Idaho depreciation
purposes as if the special depreciation allowance
hadn’t been claimed
•	 Compute the Idaho adjusted basis and any gains
or losses from the sale or exchange of property
using the Idaho depreciation amounts
•	 If the federal depreciation (including gains and
losses) is more than the Idaho depreciation
(including gains and losses), include the
difference as an addition on this line; otherwise,
enter the difference on line 28
Don’t enter any amount for property acquired during
2008 and 2009.
For personal service corporations and closely held
corporations, if you have a current year loss limitation
for the following:
•	 At Risk (IRC Section 465)
•	 Passive Loss (IRC Section 469)
•	 Partnership Basis (IRC Section 704(d))
•	 Shareholder Basis (IRC Section 1366(d))
Complete and include Form DBDA
Line 17 Other Additions
Enter any miscellaneous Idaho additions. If you’re
a multistate/multinational taxpayer, include the total
additions from Form 42, Part II, line 6. Include a
schedule identifying each addition.

Subtractions
Line 19 Foreign Dividend Gross-up
Enter the foreign dividend gross-up as provided by
IRC Section 78 included in federal taxable income.
Line 20 Interest From Idaho Municipal Securities
Enter interest income from securities issued by the
state of Idaho and its political subdivisions if included
on line 12.
Page 2 of 8

Form 41 — Instructions
Line 21 Interest on U.S. Government Obligations
Idaho doesn’t tax interest income from U.S.
government obligations. Deduct any U.S.
government interest included in federal taxable
income, line 11. Examples of U.S. government
obligations include:
•	 Banks for Cooperatives
•	 Federal Farm Credit Banks
•	 Federal Financing Bank
•	 Federal Homeowners Loan Bank
•	 Federal Intermediate Credit Bank
•	 Federal Land Bank
•	 Guam
•	 Puerto Rico
•	 Student Loan Marketing Association
•	 Tennessee Valley Authority Bonds
•	 Territory of Alaska
•	 Territory of Hawaii
•	 Territory of Samoa
•	 U.S. Series EE and HH Bonds
•	 U.S. Treasury Bills and Notes
•	 Virgin Islands
Idaho taxes interest income received from the
Federal National Mortgage Association (FNMA) and
the Government National Mortgage Association
(GNMA).
If you have interest income from a mutual fund that
invests in both nonexempt securities and exempt
U.S. government securities, you can deduct the
portion of the interest earned that’s attributable to
direct U.S. government obligations. The mutual fund
must identify the amount for it to be deductible.
Line 22 Interest Expense Offset
Complete the following computation to calculate
the interest expense offset.
1a. Interest expense. Total interest
expense deducted in determining
federal taxable income ...........................
b. Interest expense disallowed under IRC
Sections 265 and 291 ............................
c. Interest expense from a pass-through
entity .......................................................
d. Interest expense of foreign corporations
included in the combined report ............
e. Subtotal. Add lines a through d ..............

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2023 (continued)

f. Interest expense of corporations
included in the consolidated federal
return but not part of the combined
report filed with Idaho .............................
g . Intercompany interest expense .............
h. Total interest expense. Subtract lines f
and g from line e .....................................
2. Total tax-exempt income (interest on
qualifying obligations of the United
States and the state of Idaho, its cities,
and political subdivisions) ......................
3. Total income. ..........................................
4.
5.

Divide line 2 by line 3 .............................
Multiply line 1h by line 4. Enter
amount on line 22 .................................

%

Line 24 Technological Equipment Donation
Enter the lesser of cost or fair market value of
technological equipment donated to one or more of
the following Idaho educational institutions or libraries
located in Idaho:
•	 Public or nonprofit private elementary or
secondary school
•	 Public or nonprofit private college or university
•	 Public library or library district
Items that qualify for this deduction are limited
to computers, computer software, and scientific
equipment or apparatus manufactured within five
years of the date of donation. The amount deducted
can’t reduce Idaho taxable income to less than zero.
Any unused deduction can’t be carried to another year.
Line 25 Allocated Income
Enter the amount of nonbusiness income. Include
a schedule detailing the source of the income
and explaining why the income was classified as
nonbusiness.
Line 26 Nonbusiness Expense Offset
Add back expenses included in federal taxable
income related to the production of allocated
nonbusiness income listed on line 25. Related
expenses include interest on indebtedness incurred
or continued to purchase or carry the assets that
produce the nonbusiness interest and dividend
income. Prorate interest expense related to
business and nonbusiness income. Complete the
following computations to calculate the total amount
of nonbusiness expense offset.

Page 3 of 8

Form 41 — Instructions
1.

Expenses directly related to
nonbusiness income ..............................

2a. Interest expense. Total interest
expense deducted in determining
federal taxable income............................
b. Interest expense disallowed under
IRC Sections 265 and 291 .....................
c. Interest expense from a pass-through
entity .......................................................
d. Interest expense of foreign corporations
included in the combined report ............
e. Subtotal. Add lines a through d ..............
f. Interest expense of corporations
included in the consolidated return filed
with Idaho if included in line 2a ..............
g. Interest expense included in line 1 ........
h. Interest expense on line 22 attributable
to tax-exempt income .............................
i. Intercompany interest expense .............
j. Total interest expense. Subtract
lines f through i from line e .....................
3.
4.

Total nonbusiness income .....................

5.
6.

Divide line 3 by line 4 .............................
Multiply line 2j by line 5. This is
the interest expense prorated to
nonbusiness income ..............................
Other indirect expenses related to
both business and nonbusiness
income ....................................................

7.

8.
9.

Total income ...........................................

Multiply line 7 by line 5 ...........................
Add lines 1, 6, and 8. Enter amount
on line 26 ................................................

Line 28 Bonus Depreciation
If you claimed bonus depreciation for federal
purposes for property acquired before 2008 or
after 2009:
•	 Complete a separate federal Form 4562 or
detailed computation for Idaho depreciation
purposes as if the special depreciation
allowance hadn’t been claimed
•	 Compute the Idaho adjusted basis and any
gains or losses from the sale or exchange of
property using the Idaho depreciation amounts
•	 If the federal depreciation (including gains and
losses) is less than the Idaho depreciation
(including gains and losses), include the
difference as a deduction on this line; otherwise,
enter the difference on line 16
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01-25-2024 

2023 (continued)

Don’t enter any amounts for property acquired during
2008 and 2009.
Line 29 Other Subtractions
Enter any miscellaneous Idaho deductions. Multistate/
multinational taxpayers include the total deductions
from Form 42, Part II, line 12. Include a schedule
identifying each deduction.
Line 33 Apportionment Factor
If all the activity is in Idaho, enter 100%. If the
corporation has multistate/multinational operations,
enter the apportionment factor from Form 42, Part I,
line 21. Include Form 42.
Line 35 Income Allocated to Idaho
Enter the amount of nonbusiness income allocated
to Idaho minus the nonbusiness expense offset from
line 26 that applies to this income. Include a schedule
detailing the source of the income allocated to Idaho.
Line 36 Idaho Net Operating Loss (NOL)
Carryover and Carryback
Enter the Idaho NOL carryover. If this is an amended
return to claim an NOL, enter the amount of the
NOL carryback.
Enter the total of the NOL carryover and carryback
amounts on this line. Include Form 56 or a schedule
showing the application of the loss.

Taxes
Line 38 Idaho Income Tax
Enter the amount of Idaho income tax computed at
5.8% of Idaho taxable income. The amount must be
a minimum of $20. Each corporation included in a
group return and required to file is subject to the $20
minimum tax.
If a multistate corporation’s only activity in Idaho
consists of sales that don’t exceed $100,000, the
corporation can pay tax at the rate of 1% of its Idaho
gross sales. You must include a statement to make the
election. Your statement must include your intent to
make the election to pay the alternative tax on Idaho
gross sales and confirm that, for the tax year, the
corporation didn’t have:
•	 Any Idaho property and wasn’t renting any
Idaho property
•	 Any Idaho payroll
•	 Idaho sales exceeding $100,000
You can’t change your election for the year once
you file your return.
Page 4 of 8

Form 41 — Instructions
Show the computation of the tax on line 38. This is
1% multiplied by Idaho gross sales. Don’t compute
an Idaho apportionment factor or apply one to the
Idaho gross sales for this tax computation.
For corporations required to pay a franchise tax
rather than an income tax, enter the amount of the
franchise tax on this line. This tax is also computed
at 5.8% of Idaho taxable income.
Enter the amount of Idaho income tax specifically
computed for the company paying the Idaho
premium tax on this line, and subtract that amount
from the total tax. Provide a detailed schedule
showing how you computed the tax for each
qualifying insurance company.
Minimum Tax. The minimum tax of $20 is required
for each corporation:
•	 That transacts business in Idaho
•	 Is registered with the Idaho Secretary of State
to do business in Idaho, or
•	 Is exercising its corporate franchise in Idaho
For a unitary group of corporations, the $20
minimum tax is required for each corporation in
the unitary group that’s required to file an Idaho
income tax return, even though only one Idaho
group return is filed.
The $20 minimum tax isn’t required to be paid by a:
•	 Nonproductive mining corporation
•	 Corporation not organized for profit that isn’t
required to pay federal tax on unrelated
business income
•	 Homeowners’ association filing Form 1120-H
and having no federal taxable income
•	 Corporation under the protection of Public Law
86-272

Credits
Line 39 Credit for Contributions to Idaho
Educational Entities
If the corporation donated cash to a qualified
educational entity, it can claim a tax credit.
Donations of goods or services don’t qualify. Include
amounts from Form ID K-1, Part VIII, line 50 to
calculate the credit amount.
The credit is limited to the smallest of:

2023 (continued)

If you have credit from an ABE (Form ID K-1, Part XI,
line 59), you can add that to the amount computed
above (if any).
The total credit is limited to the smallest of:
•	 10% of the tax on Form 41, line 38 or
•	 $5,000
A qualified educational entity includes:
•	 A nonprofit corporation, fund, foundation,
research park, trust, or association organized
and operated exclusively for the benefit of Idaho
colleges and universities
•	 A nonprofit, private, or public Idaho school
(elementary, secondary, or higher education) or
its foundation
•	 Idaho education public broadcast system
foundations
•	 The Idaho State Historical Society or its
foundation
•	 An Idaho public library or its foundation
•	 An Idaho library district or its foundation
•	 An Idaho public or private nonprofit museum
•	 The Idaho Commission for Libraries
•	 Idaho Commission on Hispanic Affairs
•	 Idaho Commission for the Blind and Visually
Impaired
•	 Idaho Council on Developmental Disabilities
•	 Idaho State Independent Living Council
•	 Idaho STEM Action Center
•	 Idaho Council for the Deaf and Hard of Hearing
•	 Medical residency programs or support
organizations devoted to training residents in
Idaho
Line 40 Credit for Contributions to Idaho Youth
and Rehabilitation Facilities
A corporation can claim this credit if it donated cash or
goods to the following:
•	 Qualified center for independent living
•	 Youth or rehabilitation facility or its foundation, or
•	 Nonprofit substance abuse center licensed by the
Idaho Department of Health and Welfare
Include amounts from Form ID K-1, Part VIII, line 51 to
calculate the credit amount.

•	 One-half of the amount donated
•	 10% of the tax on line 38, or
•	 $5,000
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Page 5 of 8

Form 41 — Instructions
The credit is limited to the smallest of:
•	 One-half of the amount donated
•	 10% of the tax on line 38
•	 $500, or
•	 The tax on line 38 minus the amounts on line 39
and Form 44, Part I, line 1
If you have credit from an ABE (Form ID K-1,
Part XI, line 61), you can add that to the amount
computed above (if any).
The total credit is limited to the smallest of:
•	 10% of the tax on Form 41, line 38 or
•	 $500
The qualified youth or rehabilitation facilities and
their foundations are:
•	 Anchor House
•	 The Arc, Inc., Boise
•	 The Children’s Home Society of Idaho, Inc., Boise
•	 The Children’s Village, Inc., Coeur d’Alene
•	 Dawn Enterprises, Inc., Blackfoot
•	 Development Workshop, Inc., Idaho Falls
•	 Gem Youth Services, Emmett
•	 Hope House, Inc., Nampa
•	 Idaho Drug Free Youth, Inc., Coeur d’Alene
•	 Idaho Elks Rehabilitation Hospital, Inc., Boise
•	 Idaho Youth Ranch
•	 Kinderhaven, Sandpoint
•	 Learning Lab, Inc., Boise
•	 Magic Valley Rehabilitation Services, Inc.,Twin Falls
•	 New Day Products, Inc., Pocatello
•	 Northwest (North Idaho) Children’s Home
•	 Opportunities Unlimited, Inc., Lewiston
•	 Panhandle Special Needs, Inc., Sandpoint
•	 Project P.A.T.C.H. (Planned Assistance for
Troubled Children)
•	 Shepherd’s Home, Inc., McCall
•	 Transitional Employment Services for the
Handicapped, Coeur d’Alene
•	 Walker Center, Gooding
•	 Winchester Occupational Workshop, Winchester
•	 Witco Inc., Caldwell
•	 Women’s and Children’s Alliance
The following are the qualified centers for
independent living:

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2023 (continued)

•	 Disability Action Center Northwest, Moscow and
Coeur d’Alene
•	 Living Independence Network Corporation, Boise
and Twin Falls
•	 Living Independently For Everyone, Inc.,
Blackfoot, Idaho Falls, and Pocatello
Line 41 Total Business Income Tax Credits
Enter the total business income tax credits from
Form 44, Part I, line 10. Include Form 44.

Other Taxes
Line 44 Permanent Building Fund (PBF) Tax
Enter $10 for each corporation required to file,
including nonproductive mining corporations. Each
corporation included in a group return and required
to file must pay the $10 PBF tax.
The following are required to pay the $10 PBF:
•	 A corporation required to file an Idaho income
tax return. This includes:
‚	 Homeowners’ associations
‚	 Inactive or nameholder corporations, and
‚	 Nonproductive mining corporations
registered with the Idaho Secretary of State
to do business in Idaho
•	 Each corporation in the unitary group that’s
required to file an Idaho income tax return
A corporation under the protection of Public Law
86-272 isn’t required to pay the PBF tax.
Line 45 Total Tax From Recapture of Income
Tax Credits
Enter the total tax from recapture of income tax credits
from Form 44, Part II, line 6. Include Form 44.
Line 46 Fuels Tax Due
If you buy gasoline, aircraft fuel, or special fuels
(diesel, propane, or natural gas) without paying the
fuels tax and later use this fuel in licensed vehicles
or aircraft, you owe fuels tax. Add the amounts on
Form 75, Section IV, lines 3 and 4, and enter the total
on this line. Include Form 75.
Line 47 Sales/Use Tax Due
If you purchased an item from an out-of-state seller
(including internet, catalog, radio, and TV purchases)
and the seller didn’t collect sales tax on that
purchase, you must pay the use tax directly to the
Tax Commission. Multiply the total amount of those
purchases by 6% (.06).
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Form 41 — Instructions
If you computed use tax on Form 75, add it to the use
tax on other purchases, and enter the total on this line.
If you have an Idaho sales or use tax account, don’t
enter your sales or use tax on this line, but continue
to report the tax on these purchases on your sales
and use tax returns.
Line 48 Tax From Recapture of Qualified
Investment Exemption (QIE)
If you’ve claimed the QIE for property tax on property
that no longer qualifies before the end of the five-year
recapture period, you must recapture part or all of
the property tax benefit. Enter the amount from Form
49ER, Part III, line 18. Include Form 49ER.
Line 50 Underpayment Interest
Use Form 41ESR, Part I, Underpayment of Estimated
Tax, to determine if there’s an underpayment of
any estimated tax payments. Enter the amount of
underpayment interest from Form 41ESR, Part II,
line 24. Include Form 41ESR.
If this is an amended return, enter the amount from
the original return.
Line 51 Donation to Opportunity Scholarship
Program
You can make a voluntary donation to the Idaho
Opportunity Scholarship Program. The amount
designated will either reduce your refund or increase
your tax due. Your choice to donate can’t be
changed; you can’t get a refund later.
Contributions help provide need-based scholarship
funds to Idaho high school graduates who attend
approved higher education institutions in Idaho.
For more information about the Idaho Opportunity
Scholarship Program, please visit www.boardofed.
idaho.gov/scholarship/opportunity.asp.

Payments and Other Credits
Line 53 Estimated Tax Payments
Enter the total amount of estimated tax payments
made for tax year 2023 from the following form:
•	 Form 41ES, Estimated Tax Payment/Extension
of Time Payment, and
•	 The amount applied from your 2022 return
Line 54 Tax Paid by ABE on the
Corporation’s Behalf
Enter the amount of tax paid by the affected
business entity on the corporation’s share of
affected business income. Include a copy of
Form ID K-1s with your return.
EIN00043

01-25-2024 

2023 (continued)

Line 55 Special Fuels and Gasoline Tax Refund
The special fuels (diesel, propane, or natural gas)
tax refund is available to those who use the fuel for
heating or in off-highway equipment and have paid
the tax on the special fuels purchased. Enter the
amount from Form 75, Section IV, line 2. Include
Form 75.
The gasoline tax refund is available to those who buy
and use gasoline in off-highway equipment or auxiliary
engines. Enter the amount from Form 75, Section IV,
line 1. Include Form 75.
Line 56 Tax Reimbursement Incentive Credit
Enter the total credit allowed from the Idaho
Reimbursement Incentive Certificate. Include a copy
of the certificate with the return.
If you claimed a deduction or credit on your federal
return for claim of right, complete Idaho Worksheet
CR to determine which option benefits you most on
your Idaho return. See Claim of Right Worksheets at
tax.idaho.gov.

Refund or Payment Due
Line 59 Penalty and Interest
Penalty and interest are computed on the tax on
line 58 minus the underpayment interest on line 50
and the donation amount on line 51.
Penalty: Idaho law provides penalties for not filing
tax returns by the due date, not paying tax due
on time, and not prepaying enough on extension
returns. For more information or to calculate a
penalty, see our Penalties and Interest page at
tax.idaho.gov/penalties.
The minimum penalty is $10.
Interest: We charge interest on the amount of tax due
from the due date until paid in full. The rate for 2024
is 6%.
Line 60 Nonrefundable Credit From a Prior Year
Return
If you were denied a refund from an overpayment of
tax on a prior year return because of the three-year
statute of limitations, you may be eligible to take
a credit for the amount. See Idaho Form 44 for
calculation of your credit and include it with your
return.

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Form 41 — Instructions
Line 63 Refund/Apply to 2024
Refund
Enter the amount of your overpayment from line 62
that you want refunded to you. Refunds of less than
$1 won’t be issued. You have three years from the
return’s due date (not including extensions) to claim
a refund. Refunds will be reduced by unpaid Idaho
tax liabilities and can be applied to unpaid liabilities
owed to other agencies.
The agency or party seizing the refund must send
you notice of the action. Questions about a refund
seizure should be directed to the agency or party
that initiated the claim for seizure.
Apply to 2024
If you’re filing an original return, subtract the
amount you want to refund from line 62. Any
difference will be applied to your 2024 tax and
won’t be refunded.

2023 (continued)

Line 66 Tax Paid with Original Return Plus
Additional Tax Paid
Enter the total due paid from previous returns
for this tax year here as a positive amount. Don’t
include penalty, interest, Form 51 estimated
payments, withholding, or unpaid tax.
Line 67 Amended Tax Due or Refund
Add lines 64 and 65, then subtract line 66. A positive
amount is your amended tax due. A negative amount
is your amended refund.

Signature
An authorized individual must sign the return on
behalf of the corporation.

Tax Preparer
Check this box if you paid a tax preparer to
complete your return, and you’re authorizing the
Tax Commission to discuss your return with the paid
preparer identified on your return.

Amended Return Only
Complete lines 64 through 67 only if you’re filing this
return as an amended return.
Line 64 Total Due or Overpayment on This Return
If the total due shown on line 61 is greater than zero,
enter the amount on this line as a positive amount.
If line 61 is zero, enter the amount of overpayment
from line 62 on this line as a negative amount.
Line 65 Refund from Original Return Plus
Additional Refunds
Enter the total refund amount from previous returns
for this tax year here as a positive amount.

You’re also authorizing the paid preparer to:
•	 Give the Tax Commission any information that’s
missing from your return, and
•	 Call the Tax Commission for information about
the processing of your return or the status of your
refund or payments
You’re not authorizing the paid preparer to receive
any refund check, bind you to anything including any
additional tax liability, or otherwise represent you
before the Tax Commission. This authorization is valid
for up to 180 days from the date the Tax Commission
receives the return. If you want the Tax Commission
to contact you instead of your preparer, leave the box
blank.

Contact us:

In the Boise area: (208) 334-7660 | Toll free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00043

01-25-2024 

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