Form 3468 Computation of Investment Credit 1980
28

Department of the Treasury
Internal Revenue Service > Attach to your tax return.

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

Check the box(es) below that apply to you:
A The corporation elects the basic or basic and matching employee plan percentage under section 48(n)(1). . . . -

B | elect to increase my qualified investment to 100% for certain commuter highway vehicles under section 46(c)(6) . . . . . G
C | elect to increase my qualified investment by all qualified progress expenditures made this tax year and all later years. . . []
D I claim full credit on certain ships under section 46(g)(3). (See the General Instructions for details). . . . . . - . -
1 Use the format below to list your qualified investment in new or used property acquired or constructed and placed in service during
the tax year. Also list qualified progress expenditures made during the tax year and qualified rehabilitation expenditures for the

year. See the instructions for lines 1(a) through 1(i).
Note: Include your share of investment in property made by a partnership, estate, trust, small business corporation, or lessor.

Type of Cc) @ (3) 4)
property tine Life years Cost or basis pe ectege | (lemme? x eolumens)
i (a)_|_3 or more but less than 5 3343
property (b) |_5 or more but less than 7 6674
(c) 7 or more 100
New commuter highway vehicle (d) 3 or more 100
Qualified progress expenditures (e) 7 or more 100
Used (f)_|_3 or more but less than 5 33%
(See instructions for (g) |_5 or more but less than 7 6645
dollar limits) (h) 7 or more 100
Used commuter highway vehicle i) 3 or more 100
2 Qualified investment—Add lines 1(a) through (i) (see General Instructions for special limits). . . .
3 10% of line 2 (see instruction for line 3 for special limits). . . . 2. . 2 es we ee .

4 Corporations electing the basic or basic and matching employee plan percentage for contributions to tax
credit employee stock ownership plans—Check election box A above (see instruction or line 4).

(a) Basic 1% credit—Enter 1% of line2. . one we
(b) Matching credit (not more than 0.5%)—Enter allowable percentage times adjusted tine 2 (attach schedule)

5 Regular investment credit from cooperative. . . . 2 ee ee ew ee ee ee ee

6 Total—Add lines 3 through 5. © 6 6 6 ee ee ee ee ee
7 Carryover of unused credit(s). . 2 2 6 ee ee ee eee ee ee
8 Carryback of unused credit(s). . . . . . « s Ce ee

9 Tentative regular investment credit—Add lines 6, 7, and g.. . e ee eee

10 (a) Individuals—Enter amount from Form 1040, line 37, pagge2. . . . . «
(b) Estates and trusts—Enter amount from Form 1041, line 26,pagel. . - -{, . . . ,
(c) Corporations—Enter amount from Schedule J (Form 1120), line 3, page 3.
(d) Others—Enter tax before credits from your return. .

11 (a) Credit for the elderly (individuals only). . 2. 2 2 ee ee
(b) Foreign tax credit. . . . 2... ee Soc eee
¢ (c) Tax on lump-sum distribution from Form 4972 or Forms544. . .
2 (d) Possessions corporation tax credit (corporations only). . . . . .
= (e) Section 72(m)(5) penalty tax (individuals only). . . 2 2 1.
| 12 Totat—add lines 11(a) through (e). . - 2 ee ee

13 Subtract line 12 from line 10. 2. . 1. se ee ww

14 (a) Enter smaller of line 13 or $25,000. See instruction for line 14. .
(b) If line 13 is more than line 14(a) and you are a 1980 calendar year taxpayer, enter 70% of the
excess (if your tax year ends in 1981, enter 80% of the excess). (Railroads, and airlines see
instruction for line 14.). . 2... se ee soe woe

15 Regular investment credit limitation—Add lines 14(@) and(b). 2 we ee

16 Allowed regular investment credit—Enter the smaller of lineQorline15 . . . . .

17 Business energy investment credit limitation—subtract line 16 from line13. . . .

18 Business energy investment credit (from line 11, Schedule B on page 2) . .

19 Allowed business energy investment credit—Enter smaller of line 17 orline 18. . . . . .

20 Total allowed regular and business energy investment credit—Add lines 16 and 19. Enter here and on Form 1040, line
41; Schedule J (Form 1120), line 4(b), page 3; or the proper line on other retums. . . . .

313-163-1 Form 3468 (1980)

Tax Liability Li



Form 3468 (1980)

Page 2

EY MGM !f any part of your investment in line 1, page 1, or Schedule B below was made by a partnership, estate, trust, small business corpo-
ration, or lessor, complete the following ‘schedule and identify property qualifying for the regular or energy investment credit.

Name Property

Address Progress

(Partnership, estate, trust, etc.) expenditures

New

Life

Used years

$ $

RSieGem Business Energy Investment Credit (See Instructions for line 18.)

List your qualified investment in new energy property acquired or constructed and placed in service durinj
qualified progress expenditures made during the tax year.

g the tax year. Also list

Type of @M (2) Applivable Quatifiea Shuestment
Property Life years Cost or basis percentage (Column 2 x column 3)
3 or more but less than 5 331,
1 (a) Alternative energy property 5 or more but less than 7 6675
7 or more 100
; ; 3 or more but less than 5 331,
@) Specialy defined energy 5 or more but less than 7 6624
___7 or more 100
| 3 or more but less than 5 3314
(c) Recycling equipment 5 or more but less than 7 667, _|
Zormore 100
3 or more but less than 5 3314
(d) Shale oil equipment 5 or more but less than 7 6624
7 or more 100
(e) Equipment for producing 3 or more but less than 5 3343
natural gas from geopressured 5 or more but less than 7 6624
brine 7 or more 100
3 or more but less than 5 334,
(f) Cogeneration equipment 5 or more but less than 7 662,
7 or more 100
3 or more but less than 5 3314
(g) Qualified intercity buses 5 or more but less than 7 66/5
Zor more 100
(h) Total 10% energy investment property (eda lines 1(a) Y/
through (g)) oe Yj
2 (a) Qualified hydroelectric ‘Tor more but ess than 5 33%] -
generating equipment 5 or more but less than 7 662,
Nameplate KWH > 7 or more 100 - -
(b) Total 11% energy investment property (add line 2(a)) . WWW.
3 or more but less than 5 3314
3 (a) Solar and wind equipment 5 or more but less than 7 6624
7 or more 100
3 or more but less than 5 3314
(b) Ocean thermal equipment 5 or more but less than 7 6624
Zormore 100
3 or more but less than 5 33%,
(c) Geothermal equipment 5 or more but less than 7 6624
Zor more 100
(d) Total 15% energy investment property (eas lines 3(a) V/
through 3(c)) . ._- V1

4 Enter 10% of line 1(h) column ©. we ee
5 Enter 11% of line 2(b) column (4) . ee
6 Enter 15% of line 3(d) column (4). . . Be
7 Business energy investment credit from cooperative bone .

8 Current year business energy investment credit—Add lines 4 through 7.

9 Carryover of unused credit(s). . . . .
10 Carryback of unused credit(s) . .

11 Tentative business energy investment credit—Add tines 8 through 10. Enter here. and on line 18 on

page 1.

‘€ US, GOVERNMENT PRINTING OFFICE : 1980-313 163

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