som 3468 Computation of Investment Credit OMB No. 1545-0155

> Attach to your return. 1 9 8 9

Department of the Treasury > See separate Instructions. Attachment
Internal Revenue Service Sequence No. 52
Name(s) as shown on return Identifying number

| Part || Current Year Investment Credit

A Check here if you are electing under section 46(d) to increase your qualified investment by qualified progress expenditures (QPE).
Note: This election applies to the current tax year and to all subsequent tax years. This election may not be revoked unless you
obtain IRS consent. (See Instructions for more information.). Soe oe . . coe
Enter total qualified progress expenditures included in ScheduleAonpage2 . . toe $

B Check here if you are claiming « credit under section 46063) for “qualified withdrawals” with respect to “certain vessels” (see
Instructions) . woe .

1 Regular credit—Enter amount from Schedule A, line4 1
2 Qualified rehabilitation expenditures for transitional rehabilitation property and certain ]]/
rehabilitation projects. —Enter qualified investment and multiply by percentage shown:
a 30-year-old buildings x 10% | 2a
b 40-year-old buildings x 13% | 2b
c Certified historic structures (attach NPS certificate). x 25% | 2
Enter NPS number assigned or the flow-through entity Identifying 1]
number (see Instructions) . . — _ 7] Mh
3 Qualified rehabilitation expenditures not includible i in ‘line 2 above:
a Pre-1936 buildings x 10% | 3a
b Certified historic structures (attach NPS certificate) x 20% | 3b
Enter NPS number assigned or the flow-through entity identifying ' 7) 1]
number (see Instructions) . Oo
4 Credit from cooperatives—Enter regular investment credit from cooperatives 4
5 Business energy investment credit—Enter amount from Schedule B, line 6 5
6 Current year investment credit—Add lines 1 through 5 6
See Instructions for filing requirements of Form 3800.
| Part 11 | Current Year Investment Credit Tax Liability Limitation
7a Individuals—Enter amount from Form 1040, line 40 .
b Corporations—Enter amount from Form 1120, Schedule J, line 3 (or Form 1120- A, Partl, line 1) 7
c Other filers—Enter regular tax before credits from your return
8 Credits that reduce regular tax before the investment credit:
a Credit for child and dependent care expenses (Form 2441) . 8a
b Credit for the elderly or the disabled (Schedule R, Form 1040) . 8b
c Foreign tax credit (Form 1116 or Form 1118) . . . [Be
d Possessions tax credit (Form 5735) . . . [8d
e Mortgage interest credit (Form 8396) . . . 8e
f Credit for fuel from a nonconventional source . . 8f
g Orphan drug credit (Form 6765). . . . 8g
h Total credits that reduce regular tax before the investment credit. Add lines 8a 2 through 8g _ . [8h
9 Net regular tax—Subtract line 8h from line 7 fe De
10 Tentative minimum tax: WY
a Individuals—Enter amount from Form 6251, line 17. oa oa : we
b Corporations—Enter amount from Form 4626, line 13 . 10
c¢ Estates and Trusts—Enter amount from Form 8656, Part Ill, line 10.
11 Net income tax:
a Individuals—Add line 9 above and line 19 of Form 6251. Enterthetotal .. . . . .
b Corporations—Add line 9 above and line 16 of Form 4626. Enter the total il
¢ Other filers—See Instructions . . coe
12 Ifline 9 is more than $25,000, enter 25% of the excess (see Instructions) . toe 12
13 Subtract line 10 or line 12, whichever is greater, from line 11. Enter the result. If less than: zero,
enter zero. 13
14 Total allowed credit—Enter the smaller of line 6 or line 13. This is is your r General Business Credit
for 1989. Enter here and on Form 1040, line 44; Form 1120, Schedule J, line 4e; Form 1120-A,
Part |, line 2a; or on the corresponding line of other income tax returns . . {14

For Paperwork Reduction Act Notice, see separate Instructions. Form 3468 (1989)


Form 3468 (1989)

Page 2

Schedule A—Current Year Regular Investment Credit

1__Enter on lines 1a through 1) your qualified investment in transition Property: ane QPE property (see Instructions).

qQ) (3) (4)
Typect Property [une | yah Beare Povey sao optic | Qualog meters
a 3-year 60
New Recovery >D Other 100
c 3-year 60
Used Recovery d Other 100
e 3 or more/less than 5 33%
New Nonrecovery f 5 or more/less than 7 66%
g 7 or more 100
h 3 or more/less than 5 33%
Used Nonrecovery i 5 or more/less than 7 66%
i 7 or more 100
2 Transition property and QPE property—Enter qualified investment
(from lines la through Jj, column (4)) and multiply by percentage
shown . te . eee x 6.5% | 2
3 Qualified timber property—Enter qualified investment (see
Instructions for limitations) and multiply by percentage shown . x 10% | 3
4 Current year regular investment credit. Add lines 2 and 3. Enterhere and on line 1 of pagel... .| 4
Schedule B—Business Energy Investment Credit
1___Enter on lines 1a through le your qualifiec investment in business energy property.
Type of Propert Line Class of Pro ® 7 ry Neable Qualified irvestment
* Y orltevenre” Code Basis Percentage (Column 3x column 4)
Recovery a 3-year 60
b Other 100
c 3 or more/less than 5 33%
Nonrecovery d 5 or more/less than 7 66%
e 7 or more 100
2 Total qualified investment—Add lines 1a through le, column (5) . : : I 2
3 Enter in column (1) the portion of the line 2 amount Line a) Or Investeot Credit
attributable to the following types of property: Qualified Investment Percentage (column 1 x column 2)
a Solar energy property . a 10
b Geothermal property b 10
© Ocean thermal property ¢ 15

d Current year credit for investment in business energy property. Add lines 3a through 3c, column (3) | 3d

4 Certain other property. (See Instructions.) Enter qualified investment and multiply by percentage

shown.

a Certain long-term section A6OX2KC) projects under way before

1983 .

b Hydroelectric generating | property ) placed i in service before 1989 (it
an application has been docketed with the Federal Energy
Regulatory Commission by 12-31-85) .

5 Cooperative credit—Enter business energy investment credit from: cooperatives

6 Tentative business enerey investment credit—Add lines 3d. through § 5. Enter here and on line 5 ‘of

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x 6.5% [4a
x 7.15% | 4b
5

#U.S.GPO:1989-0-245-301