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Idaho Idaho Kilowatt-Hour License Tax Statement
with TurboTaxExtracted from PDF file 2023-idaho-form-48.pdf, last modified September 2023Idaho Kilowatt-Hour License Tax Statement
Form 48 Kilowatt Hour (KWH) License Tax Statement Tax on hydroelectric energy generated in Idaho for barter, sale, or exchange For the month ending (Month) Name of producer (Year) Social Security number or EIN Producer’s current mailing address City State ZIP Code 1. Total adjusted KWH from Idaho hydroelectric power plants. Amount from page 2, line 5............................................................................................ 1 2. KWH sold to Idaho customers ........................................................................................ 2 3. Percentage of total adjusted KWH from Idaho hydroelectric power plants to KWH sold to Idaho customers. Divide line 1 by line 2 ................................................ 3 4. Less exemptions: a. KWH used to irrigate land in Idaho ............................................................................ 4a b. KWH for industrial use in Idaho ................................................................................. 4b c. Total KWH exemptions. Add lines 4a and 4b ............................................................. 4c 5. Net irrigation and industrial KWH exemption. Multiply line 4c by line 3 .......................... 5 6. Net taxable KWH. Line 1 minus line 5 ............................................................................ 6 7. Tax due. Multiply line 6 by 1/2 mil (.0005) ...................................................................... 7 8. Interest from due date .................................................................................................... 8 9. Penalty ............................................................................................................................ 9 10. Total due. Add lines 7, 8, and 9 ...................................................................................... 10 Signature and Verification Under penalties of perjury, I declare that to the best of my knowledge and belief this return is true, correct and complete. Sign Here Signature of officer/owner Date Paid preparer’s signature Title Phone number Preparer’s address Preparer’s EIN, SSN, or PTIN Phone number File this statement with the Idaho State Tax Commission on or before the last day of the month following the end of the reporting month. Enclose your payment. Mail to: Idaho State Tax Commission, PO Box 36, Boise, ID 83722-0410 EFO00159 09-05-2023 Page 1 of 2 Form 48 (continued) Method of Determining Kilowatt Hours (KWH) Generated for Barter, Sale or Exchange Supplemental Statement Idaho Hydroelectric Power Plants KWH Generated Totals: KWH Used During Generated Period KWH Transformer Loss During Generated Period Idaho Hydroelectric KWH to System 1 2. Total KWH to interconnected systems .............................................................................. 2 3. KWH bartered, sold, or exchanged ................................................................................... 3 4. Percentage of total KWH in interconnected system to KWH bartered, sold, or exchanged. Divide line 3 by line 2 ........................................................................ 4 5. Total adjusted KWH from Idaho hydroelectric power plants. Multiply line 1 by line 4. Enter here and on page 1, line 1 ............................................................................ 5 EFO00159 09-05-2023 Page 2 of 2
Form 48, Kilowatt Hour (KWH) License Tax Statement 2023
More about the Idaho FORM 48 Corporate Income Tax TY 2023
We last updated the Idaho Kilowatt-Hour License Tax Statement in February 2024, so this is the latest version of FORM 48, fully updated for tax year 2023. You can download or print current or past-year PDFs of FORM 48 directly from TaxFormFinder. You can print other Idaho tax forms here.
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TaxFormFinder has an additional 65 Idaho income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Idaho FORM 48.
| Form Code | Form Name |
|---|---|
| FORM 48-C | Idaho Kilowatt-Hour (KWH) License Tax Statement For Co-Generator |
| FORM 48-CM | Idaho Kilowatt-Hour License Tax Statement For Co-Generator (Monthly) |
View all 66 Idaho Income Tax Forms
Form Sources:
Idaho usually releases forms for the current tax year between January and April. We last updated Idaho FORM 48 from the State Tax Commission in February 2024.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Idaho FORM 48
We have a total of ten past-year versions of FORM 48 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 FORM 48
Form 48, Kilowatt Hour (KWH) License Tax Statement 2023
2022 FORM 48
Form 48, Kilowatt Hour (KWH) License Tax Statement
2021 FORM 48
Form 48, Kilowatt Hour (KWH) License Tax Statement
2020 FORM 48
Form 48, Kilowatt Hour (KWH) License Tax Statement
2019 FORM 48
Form 48, Kilowatt Hour (KWH) License Tax Statement
2013 FORM 48
Form 48
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