IDAPA 35.01.01.791 — TRANSFER OF CREDIT: NOTIFICATION OF INTENDED TRANSFER (RULE 791)

Sections 63-3029I Idaho Code
01.
Timing of Notification. A taxpayer who intends to transfer qualified credit is to notify the Tax
Commission in writing of its intent to transfer the credit at least sixty (60) days prior to the date of the transfer. A
transfer may not take place prior to the Tax Commission providing its response as to the amount of credit available
and the years the credit may be carried forward.
(4-6-23)
02.
Information Required. A transferor or intermediary is to notify the Tax Commission by
submitting the following information on a form prescribed by the Tax Commission:
(4-6-23)
a.
Name, address, and federal employer identification number of the transferor or intermediary;
(4-6-23)
b.
Name, address, and federal employer identification number of the transferee;
(4-6-23)
c.
Type of credit to be transferred;
(4-6-23)
d.
Amount of credit to be transferred;
(4-6-23)
e.
Date of intended transfer;
(4-6-23)
f.
Signature of authorized individual for transferor or intermediary; and
(4-6-23)
g.
A copy of the Idaho Form 68, Idaho Broadband Equipment Investment Credit and required
schedules for each tax year the credit being transferred was earned.
(4-6-23)