3468 Computation of Investment Credit OMB. Nos DSA OSS
Form }> Attach to your tax return. 1981
Department of the Treasury | PB» Use separate Schedule B (Form }) to figure your tentative business energy

internal Revenus ice (0) investment credit. 27

Name Identifying number as shown on page 1
of your tax return

HEGETTES Elections (Check the box(es) below that apply to you (see Instruction D).)

A The corporation elects the basic or basic and matching employee plan percentage under section 48(n)(1) eee ee se - OO
B telect to increase my qualified investment to 100% for certain commuter highway vehicles under section 46(c)(6) . . . . . oO
C lelect to increase my qualified investment by all qualified progress expenditures made this tax year and alllateryears . . . . o

Enter total qualified progress expenditures included in column (4), Part Il >.
D I claim full credit on certain ships under section 46(g)(3). (See Instruction

Seis Qualified Investment

Figure your qualified investment in new or used investment For certain taxpayers, the basis or cost of property placed in
credit property acquired or constructed and pieced f in service service alter February 18, 1981, is limited to the amount the
ene isnuituves and qualified rehabilitation ‘erpenditures % ‘axpayer is at risk for the property at year end, See Instruction E.
allowed in the tax year the expenditure is incurred or in the case Note: Include your share of investment in property made by
of self-constructed property the year the expenditure is charg- @ partnership, estate, trust, small business corporation, or
able to a capital account for the property. lessor. ,

@ @ @
1 Recovery Property tine Recovery Period Unadjusted Basis Qualified investment
a year (Column 2_x column 3)
New ne Other
(c) 3-Year
Used (da) Other
2 Total—Add lines 1(a) through 1(d) . . . + ee ee 2
a @
3 Nonrecovery Property tine Life years Basis or cost postcabe «liao tevesteent
(a) |_3 or more but less than 5 3344
New (b) | _5 or more but less than 7 66%,
©) 7 or more 100
(d) |_3 or more but less than 5 3314
Used (e)_|_5 or more but less than 7 66%,
GY 7 or more 100
4 Total—Add lines 3(a) through 3(f). ee ee ee ew ee ee ee LA
5 New commuter highway vehicle—Enter total qualified investment. (See Instruction D). . . =
6 Used commuter highway vehicle—Enter total qualified investment. (See Instruction D). . . |_6 |
7 Qualified rehabilitation expenditures incurred before January 1, 1982, for: (see specific instructions)
(2) Improvements with 5 or more but less than 7 years—Enter 6624% of expenditures. . . |7(a)
(b) Improvements with 7 or more life years—Enter 100% of expenditures. . . . . . - 7b) |
8 Total qualified investment in 10% property—Add lines 2, 4, 5, 6, 7(a) and 7(b). (See instructions for special limits) . 8
9 Enter 100% of qualified rehabilitation expenditures incurred after December 31, 1981, for:. .
(a) 30-year old buildings. 6 6 2 ee ee ee ee ee ee ww we | 8
(b) 40-year old buildings. 2 6 6 ee ee ee ee ee ww ew ew ww LO
(c) Certified historic structures (Enter the Dept. of Interior assigned project number .) {96 |
10 Total qualified investment—Add lines 8, 9(a), 9(b), and 9(c). - - . - - - - » - + © 1:10
entative Regular Investment Credit
11 10% of fine 8 6 ww ee ee ee we ee et et ww we we ew we Lad
12 15% of line 9(2) 2 6 ee ee ee ww we ew wt we ew we ew ww we Le
13 20% of tine 9b)» ee ee ee ee ee ee ee ee ee ee LY
14 25% of line 9c) ee ee ee ee ee ee ee fA
15 Corporations electing the basic or basic and matching employee plan percentage for contributions
to tax credit employee stock ownership plans—Check box A above (see Instruction D)
(a) Basic 1% credit—Enter 1% of line 10. . 2 6 ee ew ee ee ee he 15a
(b) Matching credit (not more than 0.5%4)—Enter allowable percentage times adjusted line 10 (attach schedule) . | 25b
16 Credit from Cooperative—Enter regular investment credit from cooperatives. . . . . . . {16
17 Current year regular investment credit—Add lines 11 through 16. . . 2. ee ee] La
18 Carryover of unused credits . 2 2 2 ee ee ee ee ee ee ee ew we LB
19 Carryback of unused credits.» 6. ee 2 + ee ee ee ee we ww wo LD
20 Tentative regular investment credit—Add lines 17, 18, and 19, enter here and in Part IV, line 21. | 20

For Paperwork Reduction Act Notice, see page 2. Form 3468 «se1


Form 3468 (1981)

Page 2

GRIM Tax Liability Limitations

21 Tentative credit from Part Ill, line 20. . oe ee
22 (a) Individuals—Enter amount from Form 1040, line 37, page2 . . . ss + se
(b) Estates and trusts—Enter amount from Form 1041, line 26,pagel. . . . . .

(c) Corporations—Enter amount from Schedule J (Form 1120), line 3, page3. . . .

(d) Others—Enter tax before credits from your return. . «0. «
23 (a) Credit for the elderly (individuals only) . 2... 1
(b) Foreign tax credit . Ce
(c) Tax on lump-sum distribution from Form 4972 or Form 5544 .

(d) Possessions corporation tax credit (corporations only). .

(e) Section 72(m){5) penalty tax (individuals only)...

24 Total—Add lines 23(a) through 23(e) . 6 ee ee ee ee

25 Subtract line 24 fromline22 2 6 6 ee ee ee ee
26 (a) Enter smaller of line 25 or $25,000. See instruction for line 26.9.0. 2 6 ee

(b) If line 25 is more than line 26(a), and your tax year ends in 1981, enter 80% of the excess

(if your tax year ends in 1982, enter 90% of the excess). © 2 1 1 1 1 ee

27 Regular investment credit limitation—Add lines 26(a) and 26(b) « «6 6 2 ee ee
28 Allowed regular investment credit—Enter the smalier‘of line 21 or line27 . 6 6 6 6 ew
29 Business energy investment credit limitation—Subtract line 28 from line25 . . . .

30 Business energy investment eredit—Enter amount from line 14 of Schedule B (Form 3468) .
31 Allowed business energy investment credit—Enter smaller of line 29 or line30 . 2. . 1
32 Totat allowed regular and business energy investment credit—Add tines 28 and 31. Enter here

and on Form 1040, tine 41; Schedule J (Form 1120), line 4(b), page 3; or the proper line on
other returns. we rere .

26(a)

26(b)

28

29

31

|

iii

32

Paperwork Reduction Act Notice.—The Paperwork Reduction Act of 1980 says we must tell you why we are collecting this informa:
tion, how we will use it, and whether you have to give it to us. We ask for the information to carryout the Internal Revenue laws of
the United States. We need it to ensure that you are complying with these laws and so that we can figure and collect the correct

amount of tax. You are required to give us this information.

‘$r-U.S. GOVERNMENT PRINTING OFFICE: 1981—0-343-453 58-040-1110