Idaho Recapture of Qualified Investment Exemption From Property Tax

Recapture of Qualified Investment Exemption From Property Tax
Form 49ER, Recapture of Qualified Investment Exemption from Property Tax and Instructions 2023
Form 49ER
Recapture of Qualified Investment Exemption
from Property Tax
Use this form to report recapture on assets that you claimed a property tax exemption on.
Names as shown on return

Social Security number or EIN

Part I — List Property That No Longer Qualifies as Idaho Investment Tax Credit Property
Asset Number
Asset Description
A
B
C
D
E
Part II — Property Tax Benefit to be Recaptured
1.Date asset placed in service ......... 1
2.First year exemption claimed ........ 2

A

3.County where placed in service .... 3
4.Exempted value in year 1 ............. 4

B

Assets
C

D

Year 1

5.If locally assessed property, enter
the average property tax levy for
the county in year 1 ...................... 5
6.If centrally assessed property or
property in more than one county,
enter the average urban property
tax levy of the state in year 1 ........ 6
7.Multiply line 4 by line 5 or 6 ........... 7
8.County where placed in service .... 8
9.Exempted value in year 2 ............. 9

Year 2

10.If locally assessed property, enter
the average property tax levy for
the county in year 2 ...................... 10
11.If centrally assessed property or
property in more than one county,
enter the average urban property
tax levy for the state in year 2 ....... 11
12.Multiply line 9 by line 10 or 11 ....... 12
13.Property tax benefit.
Add lines 7 and 12 ....................... 13
Part III — Computation of Property Tax Recapture
14.Date asset ceased to qualify ......... 14
15.Number of full years between
dates on line 1 and line 14 ............ 15
16.Recapture percentage from table
on page 1 of instructions ................ 16
17.Property Tax Recapture.
Multiply line 13 by line 16 .............. 17
18.Add line 17, columns A through E. This is the total amount due ............................................................. 18
Include this form with your Idaho income tax return.
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11-28-2023

E

Form 49ER — Instructions
Recapture of Qualified Investment Exemption from Property Tax
General Instructions

Use Form 49ER to compute the recapture of the
property tax benefit you received from the property
tax exemption elected in place of earning the Idaho
investment tax credit (ITC).
Compute the recapture if you claimed the qualified
investment exemption (QIE) for property tax on
property you disposed of before the end of the
five-year recapture period. Recapture the property
tax benefit on any property that no longer qualifies
as ITC property. Property moved from Idaho within
the first five years doesn’t qualify as ITC property
and is subject to recapture.

Specific Instructions

Instructions are for lines not fully explained on the
form.
Fill in lines 1 through 17 in Parts II and III for each
property listed in Part I that you’re recapturing property
tax benefit on. Use a separate column for each
item. If you have recapture on more than five items,
use additional Forms 49ER or other schedules with
the same information required to be included on
Form 49ER.
Part I — List Property That No Longer Qualifies
as Idaho Investment Tax Credit Property
Lines A through E. Describe each asset that you
must recapture the property tax benefit on. Provide
the asset number and the description of the asset in
Part I.
Part II — Property Tax Benefit to be Recaptured
Line 1. Enter the month, day, and year that the
asset was placed in service.
Line 2. Enter the year you first claimed the
exemption.
Line 3. Enter the Idaho county where the asset was
placed in service. This should match your Form 49E
for the first year the exemption was claimed for this
asset.
Line 4. Enter the exempted value of the asset for
the first year you claimed the exemption. If you don’t
have this information, contact the applicable county
assessor.
Line 5. If the asset was locally assessed, enter
the average property tax levy for the county for the
first year you claimed the exemption as listed for
that county on page 2. If the asset was centrally
assessed, leave this line blank and go to line 6.
Line 6. If the asset was centrally assessed or used
in more than one county, enter the average urban
property tax levy of the state for the first year you
claimed the exemption as listed on page 2.

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11-28-2023 

If the property tax exemption wasn’t claimed in
year 2 for an asset, skip lines 8 through 12 for that
column and go to line 13.
Line 8. Enter the Idaho county where either the asset
remained placed in service or was relocated and
placed in service by January 1 for the second calendar
year exemption. If a move occurred, this should match
your required notice to that relocation county.
Line 9. Enter the exempted value of the asset for the
second year you claimed the exemption. If you don’t
have this information, contact the applicable county
assessor.
Line 10. If the asset was locally assessed, enter the
average property tax levy for the county for the second
year you claimed the exemption as listed for that
county on page 2. If the asset was centrally assessed,
leave this line blank and go to line 11.
Line 11. If the asset was centrally assessed or used
in more than one county, enter the average urban
property tax levy of the state for the second year you
claimed the exemption as listed on page 2.
Line 13. Add lines 7 and 12 to determine the amount
of property tax benefit subject to recapture.
Part III — Computation of Property Tax Recapture
Line 14. Enter the month, day, and year the property
ceased to qualify as ITC property.
Line 15. Enter the number of full years between the
dates on line 1 and line 14. Don’t enter partial years. If
the property was held less than 12 months, enter zero.
Line 16. Enter the appropriate recapture percentage
from the following table.
If the number of full years on
Form 49ER, line 15 is ...
0
1
2
3
4
5 or more

Then the recapture
percentage is...
100
80
60
40
20
0

Line 17. Multiply line 13 by line 16. This is the property
tax benefit to be recaptured for each asset.
Line 18. Add all amounts on line 17. This is the total
property tax benefit to be recaptured. If you’ve used
more than one Form 49ER or separate sheets to list
additional items you computed an increase in tax on,
write to the left of the entry space “Tax from attached”
and the total tax from the separate sheets. Include the
amount in the total for line 18.
Enter the amount on the appropriate line of the income
tax return, and include all Forms 49ER and any
separate sheets with your return.
Page 1 of 2

Form 49ER — Instructions

(continued)

Average Property Tax Levies

Find the applicable rates for the first and second years you claimed the exemption. Enter the rate for the first year
on line 5 and the rate for the second year, if applicable, on line 10.
If centrally assessed property or property in more than one county, enter the applicable state average urban
property tax levy for the first year you claimed the exemption on line 6 and the rate for the second year, if
applicable, on line 11.
County
Ada
Adams
Bannock
Bear Lake
Benewah
Bingham
Blaine
Boise
Bonner
Bonneville
Boundary
Butte
Camas
Canyon
Caribou
Cassia
Clark
Clearwater
Custer
Elmore
Franklin
Fremont
Gem
Gooding
Idaho
Jefferson
Jerome
Kootenai
Latah
Lemhi
Lewis
Lincoln
Madison
Minidoka
Nez Perce
Oneida
Owyhee
Payette
Power
Shoshone
Teton
Twin Falls
Valley
Washington

2019
1.203%
0.701%
1.665%
0.681%
1.085%
1.495%
0.651%
0.756%
0.788%
1.466%
1.033%
1.263%
1.031%
1.439%
1.194%
1.008%
0.772%
1.318%
0.566%
1.296%
0.973%
0.854%
0.741%
1.080%
0.678%
1.073%
1.486%
0.959%
1.636%
0.647%
1.288%
1.013%
1.543%
1.053%
1.826%
0.874%
1.013%
1.073%
1.580%
1.400%
0.828%
1.553%
0.654%
1.100%

2020
1.004%
0.555%
1.362%
0.680%
1.074%
1.374%
0.566%
0.596%
0.736%
1.145%
0.733%
1.195%
1.026%
1.228%
1.132%
0.991%
0.726%
1.283%
0.541%
1.100%
0.826%
0.863%
0.692%
0.983%
0.473%
0.795%
1.476%
0.833%
1.494%
0.638%
1.362%
0.889%
1.286%
0.975%
1.710%
0.868%
0.856%
0.887%
1.515%
1.365%
0.844%
1.370%
0.603%
1.045%

2021
0.877%
0.483%
1.448%
0.550%
0.988%
1.338%
0.473%
0.588%
0.705%
1.210%
0.806%
1.152%
0.991%
1.062%
1.083%
0.929%
0.711%
1.266%
0.554%
0.969%
0.787%
0.797%
0.523%
0.830%
0.441%
0.970%
1.416%
0.761%
1.503%
0.621%
1.285%
0.857%
1.339%
0.943%
1.682%
0.818%
0.826%
0.767%
1.468%
1.303%
0.692%
1.308%
0.522%
0.984%

2022
0.671%
0.352%
1.069%
0.404%
0.683%
0.957%
0.375%
0.363%
0.479%
0.869%
0.452%
1.033%
0.750%
0.671%
0.837%
0.786%
0.634%
0.975%
0.480%
0.764%
0.730%
0.603%
0.370%
0.690%
0.335%
0.739%
1.201%
0.461%
1.182%
0.441%
1.084%
0.763%
1.128%
0.760%
1.465%
0.733%
0.626%
0.585%
1.342%
0.905%
0.426%
1.001%
0.336%
0.831%

2023
0.714%
0.585%
1.111%
0.511%
0.815%
1.127%
0.366%
0.551%
0.632%
0.826%
0.561%
1.349%
1.015%
0.765%
1.119%
0.789%
0.749%
1.262%
0.520%
1.021%
0.710%
0.591%
0.513%
0.897%
0.598%
0.887%
1.336%
0.534%
1.136%
0.663%
1.260%
0.937%
1.013%
0.846%
1.520%
1.003%
0.739%
0.729%
1.672%
0.927%
0.432%
1.049%
0.459%
1.142%

State Average Urban
Property Tax Levy

1.162%

1.000%

0.915%

0.754%

0.725%.

Contact us:

In the Boise area: (208) 334-7660 | Toll free: (800) 972-7660
Hearing impaired (TDD) (800) 377-3529
tax.idaho.gov/contact
EIN00087

11-28-2023 

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