Form 70
                         Statement of Credit Transfer

         Send this form to the Idaho State Tax Commission at least 60 days before the date of transfer.

Part I — Transferor:

Name

Address

Social Security number or EIN

Signature of authorized individual

Title                                 Phone number

Date of transfer

Part II — Transferee:

Name

Address

Social Security number or EIN

Part III — Broadband Equipment Investment Credit:

Amount to be transferred                         Tax years earned

Include a copy of Form 68 for each tax year the credit was earned. Include a copy of the complete list of 
property the credit was earned on and a copy of the approval from the Idaho Public Utilities Commission 
(PUC).

To be completed by the Tax Commission:

Credit available for transfer                    Carryover period available

Signed                                               Date

The transferee must include a copy of this form with each income tax return on which the credit is claimed or 
carried over.
Mail to: Income Tax Audit                        Fax to: Income Tax Audit
         Idaho State Tax Commission                  (208) 332-6619
         PO Box 36
         Boise ID  83722-0410

EFO00042 06-01-2023

                     Form 70 — Instructions
                     Statement of Credit Transfer

General Instructions                                    Any credit not claimed on the tax return filed during the 
Use Form 70 to report the credit being transferred      year of the transfer can be claimed on the transferee’s 
and the number of years it can be carried forward.      returns for the carryforward period approved on 
Send this form to the Tax Commission at least 60        Form 70.
days before the transfer date.
                                                        Specific Instructions
Which Credits Can Be Transferred                        File a separate Form 70 to identify each transferee 
Only the broadband equipment investment credit          you’ll be transferring the credit to.
can be transferred. You can transfer all or a part of 
the credit you earn.                                    Part I — Transferor Information. If you’re transferring 
                                                        the credit, enter your name as it appears on your tax 
Who Can Transfer Credits                                return for the tax year when the transfer takes place. 
You can transfer the broadband equipment                Provide the additional identifying information. Enter the 
investment credit if you originally earned the credit   date the transfer will take place.
or you’re an intermediary. If you’re an intermediary, 
you can either use all or part of the credit or resell  If you’re an intermediary selling the credit to another 
all or part of it to another taxpayer. The credit can’t taxpayer, complete Part I with your identifying 
be transferred more than two times.                     information.
You can’t transfer the broadband equipment              Part II — Transferee Information. Provide the 
investment credit to another taxpayer if you            name, address and Social Security number or 
received the credit through unitary sharing.            Employer Identification Number of the taxpayer you’re 
                                                        transferring the credit to. This can be an intermediary. 
Information You Must Provide
For each tax year the credit being transferred          Part III — Credit Information. Enter the amount 
was earned, you must provide copies of all of the       to be transferred and the tax years the broadband 
following:                                              equipment investment credit was earned.
•  Idaho Form 68                                        The Tax Commission will review the information 
•  Schedules that list the property the credit was      provided and identify the credit available for transfer 
earned on                                               and the carryover period available to the transferee. 
•  The Idaho Public Utilities Commission                The form will then be returned to the transferor.
approval authorizing the credit                         The Tax Commission may examine the transferor’s 
                                                        books and records to verify that the credit claimed 
When to Claim the Transferred Credit                    by the transferor was correct. If the Tax Commission 
The transferee can claim transferred credits            determines that the credit claimed was overstated or 
on the original return filed in the calendar year       that recapture of credit is necessary, any tax due from 
of the transfer. For example, if the broadband          an overstated or recaptured credit will be due from the 
equipment investment credit was transferred on          transferor.
June 1, 2021, the transferee can claim the credit on 
their original return for calendar year 2020 filed on 
October 15, 2021.
If you don’t claim the transferred credit on your 
original return filed during the calendar year when 
the transfer takes place, you can’t amend the return 
for that tax year to claim the credit.

                                                  Contact us:
                     In the Boise area: (208) 334-7660  |Toll free: (800) 972-7660
                                      Hearing impaired (TDD) (800) 377-3529
                                             tax.idaho.gov/contact
EIN00086 06-01-2023