IDAPA 35.01.01.705 — CREDIT FOR CONTRIBUTIONS TO EDUCATIONAL INSTITUTIONS FOR TAXABLE YEARS

BEGINNING AFTER 2010 (RULE 705).
Section 63-3029A, Idaho Code
01.
Pass-Through Entities. The credit may be earned by a partnership, S corporation, estate or trust
and passed through to the partner, shareholder, or beneficiary.
(4-6-23)
02.
Other Limitations.
(4-6-23)
a.
This credit plus other nonrefundable credits may not reduce the taxpayer's tax liability below zero
(0).
(4-6-23)
03.
Effect on Itemized Deductions. The credit allowed does not reduce the amount of charitable
contributions that may be included in itemized deductions.
(4-6-23)
04.
Nonprofit Public and Private Museums. To qualify as a museum pursuant to Section 63-3029A,
Idaho Code, the public or private nonprofit institution must be organized for the purpose of collecting, preserving,
IDAHO ADMINISTRATIVE CODE
IDAPA 35.01.01
Idaho State Tax Commission
Income Tax Administrative Rules
Section 710
Page 98
and displaying objects of aesthetic, educational, or scientific value and must be open to the general public on a regular
basis.
(4-6-23)