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ALIFY AS IDAHO BIOFUEL INFRASTRUCTURE INVESTMENT TAX CREDIT PROPERTY Properties Property Description A B C D E PART II -- ORIGINAL IDAHO BIOFUEL INFRASTRUCTURE INVESTMENT TAX CREDIT Properties B A E D C 1. Date property placed in service......................................... 2. 3. 4. 5. Cost or other basis....................... Credit percentage........................ Original credit. Multiply line 2 by line 3................. Date property ceased to qualify.

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Borrowers with Tax-Exempt loans may have to pay a "recapture" tax to the federal government following the sale of their home.

Credit Recapture Requirements and Special Rules. Generally, you must refigure the investment credit and may have to recapture all or part of it if any of the following apply. • You disposed of investment credit property before the end of 5. full years after the property was placed in service (the recapture period).

If a recapture event is triggered in the first year after the property is placed in service, 100% of the credit is recaptured, while for recapture events triggered in subsequent years, the recapture percentage decreases by 20% each year until it reaches zero after the fifth year (Sec. 50(a)(1)(B)).

3% Investment Tax Credit An investment tax credit on all new depreciable, tangible, personal property (machinery and equipment) used in Idaho.

You must complete IRS Form 8828, Recapture of Federal Mortgage Subsidy, to determine if you owe the Federal Recapture Tax.

The Investment Tax Credit applies to any technologies that result in less greenhouse gas emissions than traditional ones available at that time – such as solar panels, wind turbines, and geothermal pumps.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232