Form 84 (EFO00010) Small Employer Real Property Improvement Tax Credit - Idaho

What Is Form 84 (EFO00010)?

This is a legal form that was released by the Idaho State Tax Commission - a government authority operating within Idaho. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 84 (EFO00010)?A: Form 84 (EFO00010) is a tax form used to claim the Small Employer Real Property Improvement Tax Credit in Idaho.

Q: What is the Small Employer Real Property Improvement Tax Credit?A: The Small Employer Real Property Improvement Tax Credit is a tax credit available to small businesses in Idaho for investing in real property improvements.

Q: Who is eligible for the Small Employer Real Property Improvement Tax Credit?A: Small businesses in Idaho that have made qualified real property improvements may be eligible for this tax credit.

Q: What are qualified real property improvements?A: Qualified real property improvements refer to the renovation, remodel, or expansion of commercial buildings.

Q: How much is the tax credit?A: The tax credit is equal to 10% of the qualified real property improvement costs, up to a maximum of $5,000.

Q: How do I claim the tax credit?A: To claim the tax credit, you need to complete Form 84 (EFO00010) and include it with your Idaho state income tax return.

Q: Are there any deadlines for claiming the tax credit?A: Yes, the tax credit must be claimed within 3 years from the end of the tax year in which the qualified improvements were made.

Q: Is this tax credit available in other states?A: No, the Small Employer Real Property Improvement Tax Credit is specific to Idaho and cannot be claimed in other states.