rom 9408 Computation of Investment Credit

Department of the Treasury
Internal Revenue Service

> Attach to your tax return.
> Schedule B (Business Energy Investment Credit) on back.

OMB No, 1545-0155

1082

Name(s) as shown on return

Identifying number

6 Qualified rehabilitation expenditures—Enter total qualified investment for:

a 30-year-old buildings . . . . . Soe eee .
b 40-year-old buildings . . . Be ee ee
¢ Certified historic structures (Enter the Dept. ‘of Interior assigned project number

Corporations checking election box A above—add lines 5, 6a, 6b, and 6c. | 7 |

N

| a A The corporation elects the basic or basic and matching employee plan percentage under section 48(n)(1) . -O
= 5 B | elect to increase my qualified investment to 100% for certain commuter highway vehicles under section 46(c)(6). . []
& % | C | elect to increase my qualified investment by all qualified progress expenditures made this and all later tax years . -oO
& a Enter total qualified progress expenditures included in column (4), Part Il D>. =
a D I claim full credit on certain ships under section 46(g)(3) (See Instruction B for details.) . : -O

Cc) @ ® @
1 Recover Property tre} assay | Unestes sone | amis | Gunes lvetner,
New (a) 3-year 60
¢ Regular Property (b) Other 100
ey Percentage Used (c) 3-year 60
3 Property (d) Other 100
2 New (e) 3-year 40

Be | ccibesteeaduaieyingcse* |_Proverty_| co | other ED

‘D | FY 1982-83 filers only (see instr.) Used | () | _ 3-year 40

= Property | (h) Other 80

5 2 Nonrecovery property—Enter total qualified investment (See instructions for line 2) . 2 |

vf 3 New commuter highway vehicle—Enter total qualified investment (See Instruction D(2)) . |_3_|

= 4 Used commuter highway vehicle—Enter total qualified investment (See Instruction D(2)) . |_4_|_ ~

E 5 Total qualified investment in 10% property—Add lines 1(a) through 1(h), 2, 3, and 4

< (See instructions for special limits). . . . . re oe

PART IIl.—Tentative Regular
Investment Credit

©

10% of line5. 6 1 ee
915% ofline6a. 2 2. ee
10 20% ofline6b. 2. 1 ee ee
11 25% of line 6c . soe .
12 Corporations checking election box A (See Instruction D(1))—
a Basic 1% credit—Enter 1% of line 7 (1982-83 fiscal-year filers, se instructions for line 12). . .
b Matching credit (not more than 0.5%)—Allowable percentage times adjusted line 7 (attach schedule) .
13 Credit from cooperative—Enter regular investment credit from cooperatives .
14 Current year regular investment credit—Add lines 8 through 13 .
15 Carryover of unused credits. . . 2. 2. 1 ww we

16 Carryback of unused credits. . .
17 Tentative regular investment. credit—Add lines 14, 15, and 16.

2
k
=
a

18 a Individuals—From Form 1040, enter tax from line 38, page 2, plus any additional taxes from Form 4970
b Estates and trusts—From Form 1041, enter tax from line 26a, plus any section 644 tax on trusts. .} ,
¢ Corporations (1120 filers)—From Form 1120, Schedule J, enter tax from line 3 -
d Other organizations—Enter tax before credits from return’... :

19 a Individuals—From Form 1040, enter credits from lines 41 and 42 of page 2 .
b Estates and trusts—From Form 1041, enter any foreign tax credit from line 27a .
¢ Corporations (1120 filers)\—From Form 1120, Schedule J, enter any foreign x .
credit from line 4(a), plus any possessions tax credit from line 4f). .
d Other organizations—Enter any foreign or possessions tax credit. . . .

20 Income tax liability as adjusted (subtract line 19 from line 18) .
21 a Enter smaller of line 20 or $25,000. See instruction for line 21 .
b If line 20 is more than $25,000—Enter 90% of the excess .
22 Regular investment credit limitation—Add lines 21a and 21b . wo
23 Allowed regular investment credit—Enter the smaller of line 17 or line 22 .
24 Business energy investment credit limitation—Subtract line 23 from line 20 .
25 Business energy investment credit—From line 14 of Schedule B (Form 3468). . .
26 Allowed business energy investment credit—Enter smaller of line 24 or line 25 .

27 Total allowed regular and business energy investment credit—Add lines 23 and 26. Enter here and
on Form 1040, line 43; Schedule J (Form 1120), tine 4(b), page 3; or the proper line on other returns .

21b |
22
23
24]
25
26

27

For Paperwork Reduction Act Notice, see separate instructions. 363-167-2

Form 3468 (1982)


Form 3468 (1982)

Page 2

Schedule B Business Energy Investment Credit

1 Enter on lines 1(a) through 1(e) your qualified investment in business energy property that is the kind listed in the instructions

for line 1, column (3).

ay ' (2) @) @) 6) ©
Type Proveny [te] Cass eh pamery cove] Unasuseg bee | pppictge|__«Sianmeg ears
Recovery (a) 3-year 60
(b) Other 100
(c)_|__3 or more but less than 5 3344
Nonrecovery (d)_|_5 or more but less than 7 6674
(e) 7 or more 100

2 Total 10% energy

investment property—Add lines 1(a) through 1(e), column (6) .

-| 2

3 Enter on lines 3(a) through 3(e) the basis in qualified

(see instructions for line 3) >

hydroelectric generating property. Enter nameplate capacity of the property

(a) 3-year 60
Recovery |e) Other 100
(c) | 3 or more but less than 5 3314,
Nonrecovery (ad) |_5 or more but less than 7 L 6624
(e) 7 or more YY, 100
4 Total 11% energy investment property—Add lines 3(a) through 3(e), column (6). . | 4
5 Enter on lines 5(a) through 5(e) the basis in energy property that is solar equipment, wind equipment, ocean thermal equipment,
or geothermal equipment: (See instructions for line 5, column (3).)
Recovery (a) 3-year 60
(b) Other 100
(c) | 3 or more but less than 5 334,
Nonrecovery | (d) |_5 or more but less than 7 6624
(e) 7 or more 100

Total 15% energy investment property—Add lines 5(a) through 5(e), column (6) .

6

7 Enter 10% ofline2. . . . «we
8 Enter 11% of line4. .

9 Enter 15% of line 6. . « «we

Current year business energy investment
Carryover of unused credit(s)
Carryback of unused credit(s) .

on line 25 of Form 3468 .

Cooperative credit—Enter business energy investment credit from cooperatives .

credit—Add lines 7 through 10.

Tentative business energy investment credit—Add lines W through 13. Enter here and

14

Instructions for Schedule B
(Form 3468)

Energy property must meet the same re-
quirements as regular investment credit
property, except that the provisions of sec-
tions 48(a)(1) and 48(a)(3) do not apply.
See Instructions for Form 3468 for defini-
tions and rules regarding regular invest-
ment credit property.

Energy property must be acquired new.
See sections 46(a)(2)(C) and 48(I)(1)
through (17) for details.

See section 48(1)(17) for special rules
on public utility property, and section 48
(I)(11) (as amended by the Crude Oil
Windfall Profit Tax Act of 1980) for special
rules on property financed by Industrial
Development Bonds.

Specific Instructions

One Credit Only.—If property qualifies as
more than one kind of energy property,
you may take only one credit for the prop-
erty.

Lines 1, 3, and 5—Type of Property.—
For definition of recovery and nonrecovery

property, see the separate Instructions for

Form 3468.

Line 1—Column (3).—Use the code let-

ters from the following list to indicate the

kind of property for which you are claim-

ing a credit. If you enter more than one

kind of property on a line, enter the code

letter for each kind of property in column

(3) and the code letter and dollar amount

of each kind of property in the right hand

margin.
The code letters are:

a. Alternative energy property, including
biomass property

b. Specially defined energy property that
reduces the energy consumed in an
-existing process, installed in connection
with an existing industrial or commer-
cial facility (see regulations section
1.48-9(f)).

c. Recycling equipment

d. Shale oil equipment

e. Equipment to produce natural gas from
geopressured brine

f. Cogeneration equipment installed in an

existing facility, but only if the cogen-

eration energy capacity of the facility is

expanded. See section 48(1)(14).

Qualified intercity buses (see section
48(1)(16)(C) for the limitation on quali-
fied investment for intercity buses
based on the increase in operating seat-
ing capacity).

Line 3.—Figure your qualified investment
in hydroelectric generating property. If the
installed capacity is more than 25 mega-
watts, the 11% energy credit is allowed
for only part of the qualified investment.
See section 48(I)(13)(C).

In the space provided in line 3, enter the
megawatts capacity of the generator as
shown on the nameplate of the generator.
Line 5—Column (3).—Use the code let-
ters from the following list to indicate the
kind of property for which you are claim-
ing a credit. Be sure to put the code or
codes on the line for the correct recovery
period or life years as explained in the in-
struction for line 1, column (3).

h. Solar equipment (but not passive solar
equipment)

i. Wind equipment

j. Ocean thermal equipment

k. Geothermal equipment

See sections 48(1)(4) and 48(1)(3)(A) (viii)

and (ix) for definitions and special rules

that apply to these kinds of property.

‘4x USS, GOVERNMENT PRINTING OFFICE : 1982—~0-363-167

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