Form 49ABE — Schedule                                                                                                                               2023
                             Affected Business Entity Investment Tax Credit
Names as shown on return                                                                                         EIN

Part I — Credit Available Subject to Limitation
                                                                                                                 Column A - New                        Column B - Used
1. a.  Amount of qualified investments acquired during the tax year. 
       Include a detailed list .............................................................................. 1 a
   b.  Amount of investments the entity claimed the property tax exemption on. 
       Include applicable Form 49Es ................................................................... 1b  
   c.  Subtract line 1b from line 1a. This is the amount of qualified 
       investments the entity can earn the investment tax credit (ITC) on ...........                    1c                                                                       
2. Pass-through share of qualified investments from an S corporation, partnership, trust, or estate:
                  a.                                           b.                                                                             c. 
         Pass-through Entity Name                            Pass-through Entity EIN                                Pass-through Share

                                              Total column c ...........................                 2 
3. Total qualified investments. Add lines 1c and 2 
   (Column B is limited to $150,000) ................................................................... 3                                                                        

4. Credit earned. Multiply the sum of line 3, Columns A and B by 3% .......................................................                            4 

5. Carryover of ABE ITC from prior years. Include Form 49C or other schedule ....................................... 5                                  
6. Pass-through share of credit from ABE entity or co-op: 
                         a.                                              b.                                                                                                      c. 
          Pass-through Entity Name                                    Pass-through Entity EIN                                                          Pass-through Share

                                                                         Total column c ............................                                   6 

7. Total credit available. Add lines 4, 5, and 6 ............................................................................................          7 

Part II — Limitation

1. Enter the Idaho income tax from the entity return ................................................................................................  1 

2. Credit for contributions to Idaho educational entities ..............................................................................               2                         

3. Tax available after credit. Line 1 minus line 2 .................................................     3 

4. 50% of tax. Multiply line 1 by 50% .................................................................. 4 

5. Investment tax credit available. Enter the amount from Part 1, line 7 ............                    5 
6. Investment tax credit allowed. Enter the smallest amount from lines 3, 4, or 5
   here and on Form 49, Part II, line 8 ........................................................................................................       6 
EFO00337  09-14-2023  

                        Form 49ABE — Instructions                                                                            2023
                        Affected Business Entity Investment Tax Credit 
                        Schedule

General Instructions                                                          Column B 
Use this form to calculate the investment tax credit                          Enter the amount of qualified used investments the 
(ITC) earned or allowed of the ABE.                                           entity claimed the property exemption on.
Qualified Depreciable Property and Nonqualifying                             Line 2. Include a list of all ITC investments being passed 
property.                                                                    through by S corporations, partnerships, trusts, or 
See Form 49 for the definition of qualifying property                        estates that the entity has an interest in. This amount 
and examples of both qualifying property and                                 is reported on Form ID K-1, Part X. Identify each entity 
nonqualifying property.                                                      by name, EIN, and the share of new and used qualified 
                                                                             investments being passed through. Don’t include 
Other Information
                                                                             anything on this line for S corporations or partnerships 
For information regarding property used both in and 
                                                                             that are ABE entities.
outside of Idaho, carryover periods, the election to claim 
the two-year property tax exemption instead of ITC, and                      Line 3. Used property is limited to $150,000. If the total 
recapture see the general instructions for Form 49.                          qualified used investments is greater than $150,000, 
                                                                             enter $150,000 in Column B.
Specific Instructions                                                        Line 5. Enter the ITC carryover from prior years. 
Instructions are for lines not fully explained on the form.                  Compute the amount on Form 49C or on a separate 
                                                                             schedule. Include a copy of Form 49C or the separate 
Part I — Credit Available Subject to Limitation
                                                                             schedule. See General Instructions for Form 49 for the 
Line 1a. Include a list of all property the entity acquired                  carryover period allowed.
and placed in service during the tax year that qualifies for 
                                                                             Line 6. Include a list of all ITC that’s being passed 
the ITC. The list should identify:
                                                                             through by other ABE entities that the entity has an 
•  Each item of property and its location                                    interest in. This amount is reported on Form ID K-1, 
• The entity’s basis in the item                                             Part XI. Identify each ABE entity or co-op by name, EIN, 
• Whether the item is new or used, and                                       and the share of the credit being passed through.
• The date placed in service                                                 Part II - Limitation
The basis of qualified property is the Idaho adjusted                        The ITC is limited to the smallest of the following:
basis computed without bonus depreciation. Don’t                              •  50% of your Idaho income tax
include any investments the entity is expensing under 
                                                                              •       Tax available after credit for contributions to Idaho 
IRC section 179.
                                                                                      educational entities
Column A                                                                      •       ITC available
Enter the amount of qualified new investments 
                                                                             Line 1. Enter the amount of the entity’s Idaho income tax. 
placed in service in the current year.
                                                                             This is the computed tax before adding the permanent 
Column B                                                                     building fund tax or any other taxes, or subtracting any 
Enter the amount of qualified used investments                               credits.
placed in service in the current year.
                                                                             Line 6. Enter the smallest amount from lines 3, 4, or 5. 
Line 1b. This exemption is allowed instead of earning the                    Carry this amount to Form 49, Part II, line 8.
ITC. Include applicable Form 49Es.
                                                                             The amount of credit available that exceeds the total 
Column A                                                                     credit allowed on the current year tax return can be 
Enter the amount of qualified new investments the                            carried forward up to 14 tax years. Enter this amount on 
entity claimed the property exemption on.                                    Form 44, Part I, line 1 in the Carryover column.

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EIN00109 09-14-2023