Idaho Recapture of Idaho Small Employer New Jobs Tax Credit

Recapture of Idaho Small Employer New Jobs Tax Credit
FORM 85R
Form 85R
Recapture of Idaho Small Employer
New Jobs Tax Credit
Names as shown on return

Social Security number or EIN

You must report recapture if one or both of the following occurred:
•	 You didn’t meet the following tax incentive criteria:
◦	 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, and
◦	 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 the instructions for who’s included in this calculation.
•	 You didn’t maintain the level of qualifying employees for which you earned the credit for five full years after the end
of the project period.

Computation of Recaptured Credit
1.Year that small employer new
jobs tax credit was earned ................
2.Average number of qualifying
employees for the year the
credit was earned ...........................
3.Idaho small employer new
jobs tax credit earned ...................
4.If you didn’t meet the tax
incentive criteria, enter
100% and go to line 6 .....................
5.From the Recapture Worksheet
below, enter the recapture
percentage for the earliest year
during the recapture period that the
average number of qualifying
employees fell below the average
number of employees listed
on line 2 .............................................
6.Tentative recaptured credit.
Multiply line 3 by line 4 or 5 .............

A

B

C

D

E

1
2
3
4

5
6

7.Add line 6, columns A through E ...............................................................................................................

7

8.Pass-through share of credit recapture from S corporations, partnerships, trusts, or estates ..................

8

9.Add lines 7 and 8 ......................................................................................................................................

9

10.Credit recapture distributed to shareholders, partners, or beneficiaries ................................................... 10
11.Enter the portion of original credit not used to offset any tax. Don’t enter more than line 9.
The amount on this line reduces the carryover available to the current year ........................................... 11
12.Add lines 10 and 11 .................................................................................................................................. 12
13.Recapture of small employer new jobs tax credit. Subtract line 12 from line 9.
Enter here and on Form 44, Part II, line 5. Don’t use this amount to reduce current
year’s small employer new jobs tax credit computed on Form 85 ............................................................ 13

Recapture Worksheet – Only complete this section if you met the tax incentive criteria.

Date project period ended

Recapture Period - Five years
after the end of the project period

Tax
Year

Average number of qualifying employees working
primarily within the project site during the year

Recapture
percentage

First year after the end of the project period

100%

Second year after the end of the project period

80%

Third year after the end of the project period

60%

Fourth year after the end of the project period

40%

Fifth year after the end of the project period

20%

EFO00019

09-18-2025