Form 68
                                                                                                                                                    2023
                           Broadband Equipment Investment Credit
Names as shown on return                                                                                        Social Security number or EIN

Credit Available Subject to Limitation
1.  Amount of qualified investments in broadband equipment acquired during the tax year 
    and approved by the Idaho Public Utilities Commission (PUC). Include a complete list and 
    approval from the Idaho PUC .....................................................................................................            1 
2.  Credit earned. Multiply line 1 by 3% .........................................................................................               2 
3. Pass-through share of credit from an S corporation, partnership, trust, or estate ......................                                      3 
4.  Credit received through unitary sharing. Include a schedule ......................................................                           4 
5.  Credit received by transfer. Include Form 70, Statement of Credit Transfer ...............................                                   5 
6.  Carryover of broadband equipment investment credit from prior years ......................................                                   6 
7. Carryover eliminated due to recapture in 2023. Enter the amount from Form 68R, line 13. 
    Include Form 68R .......................................................................................................................     7 
8. Credit distributed to shareholders, partners, or beneficiaries .....................................................                          8 
9.  Credit shared with unitary affiliates .............................................................................................          9 
10. Credit transferred to another taxpayer. Include Form 70 ............................................................ 10                       
11. Total credit available subject to limitations. Add lines 2 through 6, 
    then subtract lines 7 through 10 ..................................................................................................          11 
Credit Limitation
12. Enter the Idaho income tax from your tax return .........................................................................                    12 
13.  a. Credit for income tax paid to other states .............................................. 13a
    b.  Credit for contributions to Idaho educational entities ............................. 13b
    c.  Investment tax credit .............................................................................. 13c
    d. Credit for contributions to Idaho youth and rehabilitation facilities .........               13d
    e.  Credit for production equipment using post-consumer waste ................ 13e
    f.  Promoter-sponsored event credit ...........................................................          13f
    g. Credit for Idaho research activities .........................................................13g
    h.  Add lines 13a through 13g ....................................................................................................           13h
14. Net income tax after other credits. Subtract line 13h from line 12 ..............................................                            14 
15. Credit allowable subject to limitation of tax. Enter the smaller of:
    a.  The amount from line 11 or
    b.  $750,000 ............................................................................................................................... 15 
16. Broadband equipment investment credit allowed. Enter the smaller amount from 
    line 14 or line 15 here and on Form 44, Part I, line 5 ..................................................................                    16 
Credit Carryover
17. Total credit available subject to limitations. Enter the amount from line 11 ................................ 17                                
18. Broadband equipment investment credit allowed. Enter the amount from line 16 .............................                                   18 
19. Credit carryover to future years. Subtract line 18 from line 17. Enter the amount here 
    and on Form 44, Part I, line 5 .....................................................................................................         19 
EFO00038   09-21-2023  

                     Form 68 — Instructions
                     Broadband Equipment Investment Credit                                         2023

General Instructions                                   credit can’t be claimed on a tax return that begins 
Use Form 68 to calculate the broadband equipment       before January 1, 2001. 
investment credit earned or allowed. Each member       The transferee must include a copy of Form 70 with 
of a unitary group who earns or is allowed the credit  each income tax return the credit is claimed or carried 
must complete a separate Form 68.                      over on.

Qualifying Property                                    Carryover Periods
You must obtain an order from the Idaho Public         The credit carryover is limited to 14 tax years. A 
Utilities Commission (PUC) confirming that             transferee is entitled to the same carryover period that 
your installed equipment is qualified broadband        would have been allowed to the transferor.
equipment.
Qualified broadband equipment is equipment that        Specific Instructions
qualifies for the investment tax credit and is capable Instructions are for lines not fully explained on the form.
of transmitting signals at a rate of at least 200,000 
bits per second to a subscriber and at least 125,000   Credit Available Subject to Limitation
bits per second from a subscriber. Also, specific      Line 1. Include a list of all property you acquired 
requirements must be met by:                           during the tax year you’re claiming the broadband 
•  Telecommunications carriers                         equipment investment credit for. The list should 
•  Commercial mobile service carriers                  identify each piece of equipment, your basis in the 
                                                       item, and the date placed in service. Don’t include 
•  Cable or open video system operators
                                                       any equipment that was disposed of, that ceased to 
•  Satellite or wireless carriers                      qualify, or that was moved from Idaho before the end 
•  Packet switching equipment                          of the year.
•  Multiplexing and demultiplexing equipment
                                                       Also include the approval from the Idaho PUC 
The equipment must be used primarily to provide        that confirms the installed equipment is qualified 
services to public subscribers in Idaho.               broadband equipment.

Unitary Sharing                                        Line 3. Enter the amount of broadband equipment 
A corporation included as a member of a unitary        investment credit that’s being passed to you from 
group of corporations may elect to share the           partnerships, S corporations, estates, or trusts you 
broadband equipment investment credit it earns         have an interest in. This amount is from Form ID 
but doesn’t use with other members of the unitary      K-1, Part VII, line 41 or Form ID K-1, Part XI, line 65 
group. The corporation must claim the broadband        (Composite/ABE).
equipment investment credit to the extent allowable 
against its Idaho income tax before it can share the   Line 4. If you’re a member of a unitary group of 
credit.                                                corporations, enter the amount of credit you received 
                                                       from another member of the unitary group.
Transfer of Credit
A taxpayer who earns the broadband equipment           Line 5. If you received credit as a result of a transfer 
investment credit and an intermediary may transfer     from another taxpayer, enter the amount of credit you 
the credit to another taxpayer. The transferor must    received. Include a copy of Form 70.
submit Form 70, Statement of Credit Transfer, to the 
                                                       Line 6. Enter the carryover from your 2022 Form 68, 
Tax Commission at least 60 days before the date of 
                                                       line 19.
transfer. The Tax Commission will verify the amount 
of credit available for transfer and the number of     Line 8. If you’re an S corporation, partnership, trust, or 
carryover years.                                       estate, enter the amount of credit that passed through 
The transferee may first claim the transferred credit  to partners, shareholders, or beneficiaries.
on the income tax return originally filed during the 
calendar year the transfer takes place. However, the 

EIN00081 09-21-2023                                                                                Page 1 of 2 

                                                                   Form 68 — Instructions     2023     (continued)

Line 9. If you’re a member of a unitary group of      Line 13a. Enter the credit for income tax paid to 
corporations, enter the amount of credit you earned   other states from Form 39R, Form 39NR, or Form 
that you elect to share with other members of your    66, page 2. This credit is available only to individuals, 
unitary group. Before you can share your credit, you  estates, and trusts.
must use the credit up to the allowable limitation of 
your Idaho income tax.                                Line 13b. Enter the credit for contributions to Idaho 
                                                      educational entities from the appropriate Idaho income 
Corporations claiming the broadband equipment         tax return.
investment credit must provide a calculation of the 
credit earned and used by each member of the          Line 13c. Enter the investment tax credit allowed from 
combined group. The schedule must clearly identify    Form 49, Part II, line 9.
shared credit and the computation of any credit 
carryovers.                                           Line 13d. Enter the credit for contributions to Idaho 
                                                      youth and rehabilitation facilities from the appropriate 
Line 10. If you transferred credit to another         Idaho income tax return.
taxpayer, enter the amount of credit you transferred. 
You can only transfer credit that you originally      Line 13e. Enter the credit for production equipment 
earned, unless you’re an intermediary.                using post-consumer waste from the appropriate Idaho 
                                                      income tax return.
Credit Limitations
The Idaho broadband equipment credit is limited       Line 13f. Enter the promoter-sponsored event credit 
to the smaller of $750,000 or the Idaho income        from the appropriate Idaho income tax return.

tax after allowing all other tax credits that can be  Line 13g. Enter the credit allowed for Idaho research 
claimed before it.                                    activities from Form 67, line 29.
The following credits must be applied to the tax 
before the broadband equipment investment credit:     Line 16. Enter the smaller amount from lines 14 or 
                                                      15 on line 16. Enter this amount on Form 44, Part I, 
1.  Credit for income tax paid to other states
                                                      line 5, in the Credit Allowed column.
2.  Credit for contributions to Idaho educational 
entities                                              If you’re an S corporation or partnership and you’ve 
3.  Investment tax credit                             elected to be an ABE, this amount also needs to be 
                                                      distributed to the shareholders or partners on their 
4.  Credit for contributions to Idaho youth and 
                                                      Form ID K-1.
rehabilitation facilities
5.  Credit for production equipment using             Credit Carryover
post-consumer waste                                   Line 19. The amount of credit available that exceeds 
6.  Promoter-sponsored event credit                   the total credit allowed on the current year tax return 
7.  Credit for Idaho research activities              may be carried forward up to 14 tax years. Enter this 
                                                      amount on Form 44, Part I, line 5 in the Carryover 
Line 12. Enter the amount of your Idaho income        column.
tax. This is the computed tax before subtracting any 
credits or adding the permanent building fund tax or 
any other taxes.

                                                 Contact us:
                          In the Boise area: (208) 334-7660  |Toll free: (800) 972-7660
                                 Hearing impaired (TDD) (800) 377-3529
                                              tax.idaho.gov/contact
EIN00081 09-21-2023                                                                                     Page 2 of 2