State R&D Tax Credits

Idaho

Credit Name: Form 67 – Credit for Idaho Research Activities

Expiration Date: Unknown

Does it apply to C corps and pass-through entities?: Yes

Credit Carry forward: Carry forward 14 years. No Carry back.

Description: Non-refundable credit of 5% of excess QREs as calculated using federal method and Idaho QREs and receipts. Applied after all other credits.

Other Notes: Control groups can use the credit to offset tax in any entity – not subject to federal rules disbursement.