UNITED STATES


**SECURITIES
      AND EXCHANGE COMMISSION**




**WASHINGTON,
      D.C. 20549**




**FORM
      10-Q/A**




**(Amendment
      No.  1)**


(Mark
      one)




þ
            QUARTERLY
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES
                EXCHANGE ACT OF 1934For
                the Quarterly Period ended **September 30,
                2007**ORo
            TRANSITION
                REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES
                EXCHANGE ACT OF 1934For
                the transition period
                from
                __________ to ____________





Commission
      file number:  **333-37504**





**ICON
      Income Fund Eight B L.P.**


(Exact
      name of registrant as specified in its charter)




**Delaware**
            
            **13-4101114**(State
                or other jurisdiction of incorporation or organization)
            
            (I.R.S.
                Employer Identification No.)**100
                Fifth Avenue, 4th
                Floor**
              **New
                York, New York**
            
            **10011-1505**(Address
                of principal executive offices)
            
            (Zip
                Code)





**(212)
      418-4700**


(Registrant’s
      telephone number, including area code)





Indicate
      by check mark whether the registrant (1) has filed all reports required to
      be
      filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
      the
      preceding 12 months (or for such shorter period that the registrant was required
      to file such reports), and (2) has been subject to such filing requirements
      for
      the past 90 days.


Yes
þ    No
      




Indicate
      by check mark whether the registrant is a large accelerated filer, an
      accelerated filer, or a non-accelerated filer.  See definition of
“accelerated filer and large accelerated filer” in Rule 12b-2 of the Exchange
      Act.


Large
      accelerated filer
                                                           Accelerated
      filer                                                        Non-accelerated
      filer  þ




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes
          No þ




Number
      of
      outstanding limited partnership units of the Registrant on November 30, 2007
      is
      740,529.







**DOCUMENTS
      INCORPORATED BY REFERENCE**


None.














**Explanatory
      Note**





ICON
      Income Fund Eight B L.P. is filing this Amendment No. 1 (the “Amendment”) to its
      Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, filed
      with the Securities and Exchange Commission on November 13, 2007 (the “Original
      Filing”) solely for the purpose of revising its disclosure under Part I - Item
      4T. – Controls and Procedures, the complete text of which is contained herein.
      Except as discussed in this Explanatory Note, no other changes have been made
      to
      the Original Filing.













**PART
      I**





**Item
      4T. Controls and Procedures**





*Evaluation
      of disclosure controls and procedures*





In
      connection with the preparation of this Quarterly Report on Form 10-Q for the
      period ended September 30, 2007, as well as the financial statements and
      Quarterly Reports on Form 10-Q for the period ended September 30, 2007 for
      our
      General Partner and our affiliates, our General Partner carried out an
      evaluation, under the supervision and with the participation of the management
      of our General Partner, including its Chief Executive Officer and the Principal
      Financial and Accounting Officer, of the effectiveness of the design and
      operation of our General Partner’s disclosure controls and procedures as of the
      end of the period covered by this report pursuant to the Securities Exchange
      Act
      of 1934. Based on the foregoing evaluation, the Chief Executive Officer and
      the
      Principal Financial and Accounting Officer concluded that, for the reason
      described below, our General Partner’s disclosure controls and procedures were
      not effective as of September 30, 2007 to ensure that the reports that we filed
      or submit under the Securities Exchange Act of 1934 were recorded, processed,
      summarized and reported within the time periods specified in the SEC’s rules and
      forms.





While
      evaluating our General Partner’s disclosure controls and procedures, our General
      Partner recognized that greater internal controls were needed to aid in a more
      efficient closing of our financial statements, thereby requiring our General
      Partner to hire additional skilled accounting staff.  Our General
      Partner hired an additional accounting staff member during 2006 who is a
      certified public accountant and is experienced with public reporting
      entities.  Subsequently, in 2007, our General Partner hired two
      additional senior accountants with more than 16 and 8 years of experience with
      public reporting entities, respectively.  Our General Partner will
      continue to evaluate its disclosure controls and procedures to determine their
      effectiveness and adequacy and will take the steps necessary, in our General
      Partner’s opinion, to ensure the adequacy of our General Partner’s disclosure
      controls and procedures.  Our General Partner's Chief Executive Officer and
      Principal Financial and Accounting Officer believe that the General Partner
      has
      addressed the internal control issue based on the hiring and integration of
      the
      additional personnel hired during 2006 and 2007; however, our General Partner
      has determined that we should maintain the foregoing disclosure until the
      completion of the audit of our financial statements for the year ended December
      31, 2007.





In
      designing and evaluating our General Partner’s disclosure controls and
      procedures, our General Partner recognized that disclosure controls and
      procedures, no matter how well conceived and operated, can provide only
      reasonable, not absolute, assurance that the objectives of the disclosure
      controls and procedures are met.  Our General Partner’s disclosure controls
      and procedures have been designed to meet reasonable assurance standards.
      Disclosure controls and procedures cannot detect or prevent all error and fraud.
      Some inherent limitations in disclosure controls and procedures include costs
      of
      implementation, faulty decision-making, simple error and mistake. Additionally,
      controls can be circumvented by the individual acts of some persons, by
      collusion of two or more people, or by management override of the controls.
      The
      design of any system of controls is based, in part, upon certain assumptions
      about the likelihood of future events, and there can be no assurance that any
      design will succeed in achieving its stated goals under all anticipated and
      unanticipated future conditions. Over time, controls may become inadequate
      because of changes in conditions, or the degree of compliance with established
      policies or procedures.





Our
      General Partner’s Chief Executive Officer and Principal Financial and Accounting
      Officer have determined that no weakness in disclosure controls and procedures
      had any material effect on the accuracy and completeness of our financial
      reporting and disclosure included in this report.
















**PART
      II**





**Item
      6. Exhibits**





31.1
            Rule
                13a-14(a)/15d-14(a) certifications.31.2
            Rule
                13a-14(a)/15d-14(a) certifications.32.1
            Certification
                pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002.32.2
            Certification
                pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the
                Sarbanes-Oxley Act of 2002.












**SIGNATURES**





Pursuant
      to the requirements of Section 13 or 15(d) of the Securities Exchange Act of
      1934, the Partnership has duly caused this report to be signed on its behalf
      by
      the undersigned, thereunto duly authorized.





ICON
      Income Fund Eight B L.P. (Registrant) By its General Partner, ICON Capital
      Corp.








*Date:
      December 11, 2007*





*/s/
      Thomas W. Martin*


Thomas
      W.
      Martin


Chairman,
      Chief Executive Officer and President of the General Partner


(Principal
      Executive Officer)


ICON
      Capital Corp.


General
      Partner of ICON Income Fund Eight B L.P.





*Date:
      December 11, 2007*





*/s/Michael A. Reisner*


Michael
      A. Reisner


Director,
      Executive Vice President and Chief Financial Officer of the General
      Partner


(Principal
      Financial and Accounting Officer)


ICON
      Capital Corp.


General
      Partner of ICON Income Fund Eight B L.P.