2003 Form 41 instructions require correction
The 2003 Form 41 instructions require correction.
The instructions for line 38 should include the following additional information:
If you are claiming the investment tax credit and the credit for qualifying new employees, you must compute the credit limitations on Idaho Form 55. Enter the amount of investment tax credit allowed on line 7, Form 55 instead of using the amount computed on the Form 49.
The amount of investment tax credit allowed as computed on the Form 55 may be different from the amount computed on Form 49. If you claim the credit for qualifying new employees, all your credits are limited to 50% of your tax after deducting the credit for taxes paid to other states. If you do not claim the credit for qualifying new employees, this limitation does not apply.
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