: 3468 Computation of Investment Credit OMB No. 1845-0155

om |_OMBNo. 1545-0155 _
> Attach to your tax return. q 9 8 4

Department of the Treasury > Schedule B (Business Energy Investment Credit) on back.

Internal Revenue Service (0) 24

Name(s) as shown on return Identifying number

J Part | i Elections (Check the box(es) below that apply to you (See Instruction D).)

A lelect to increase my qualified investment to 100% for certain commuter highway vehicles under section 46(cX6) . . . . . . . . . . . O
B_ lelect to increase my qualified investment by all qualified progress expenditures made this and all later tax years . o
Enter total qualified progress expenditures included in column (4), Part iI >

C_Iclaim full credit on certain ships under section 46(g)(3) (See Instruction B for details.) . . _.0
Qualified investment (See instructions for new rules on automobiles and certain property with any personal use) _
lr Propert ay @ @ 4)
ecovery Property Line Class of Applicable ualified Investment
Property Unadjusted Basis Percentage (oaine 2x column 3)
New (a) 3-year 60
Regular Property (b) Other 100
Percentage Used (c) 3-year 60
Property (d) Other 100
New (e) 3-year 40
Section 48(q) Election to Property ® Other 80
Reduce Credit (instead
of adjusting basis) Used @) 3-year 40
Property (h) Other 80
2  Nonrecovery property—Enter total qualified investment (See instructions for fine 2)" . 2
3 New commuter highway vehicle—Enter total qualified investment (See Instruction D(1)) 3
4 Used commuter highway vehicle—Enter total qualified investment (See Instruction D(1))
5 Total qualified investment in 10% property—Add lines 1(a) through 1(h), 2, 3, and 4 (See instructions for
special limits) 5
6 Qualified rehabilitation expencitures—Enter tc total | qualified investment for:
a 30-year-old buildings 6a
6b

b 40-year-old buildings . re
Certified historic structures (You must attach NPS certification—see instructions)... . . . | 6

Tentative Regular Investment Credit

7 10% of line 5 7
8 15% of line 6a 8
9 20% ofline 6b . 9
10 25% ofline 6c . Loe 10
11 Credit from cooperatives Enter regular investment credit from cooperatives 11
12 Regular investment credit—Add lines 7 through 11 . . . 12
13 Business energy investment credit—From line 11 of Schedule B (oe back of tis isform) 13

14 Current year investment credit—Add lines 12and13. . . _. [a4

Note: If you have a 1984 jobs credit (Form 584), credit for alcohol used as fuel (Form 6476), or employee stock ownership plan (ESOP) credit (Form
8007), in addition to your 1984 investment credit, you must stop here and go to new Form 3800, General Business Credit, to claim your 1984
investment credit. If you have only the investment credit (which may include business energy investment credit) or an investment credit carryforward
from 1983, you may continue with lines 15 through 22 to claim your credit.

15 Carryforward of unused regular or business energy investment credit from 1983... . . . . . . . [a5
16 _Total—Addlines14and15. . 2... eee 16
icaag ax Liability Limitations
17a Individuals—From Form 1040, enter amount from line 46. _
b Estates and trusts—From Form 1041, enter tax from line 26a, plus any section 644 taxontrusts | <4. . | 47
¢ Corporations—From Form 1120, Schedule J, enter tax from line 3 (or Form 1120-A, Part |, line 1)
d Other filers —Enter tax before credits from return
18 a Individuals—From Form 1040, enter credits from line 47, plus any orphan ‘erg, ‘nonconventional
source fuel, and research credits. . . a
b Estates and trusts—From Form 1041, enter any credits from line 274 .
¢ Corporations—From Form 1120, Schedule J, enter credits from lines ae) “through 4) (Fon 18
1120-A filers, enter zero) :
4 Other filers—See instructions for line 18d
19 Income tax liability as adjusted (subtract line 18 from line 17). See ee ee LD
20 a Enter smaller of line 19 or $25,000. (See instructions forline20) . . .......... ., , [20a
b If line 19 is more than $25,000—Enter 85% of the excess. © 2 2... . [208
21 Investment credit limitation—Add lines 20aand20b.. . . . 21
22 Total alowed credit—Enter the smaller a ine 16 or ine 2. This is your General Business Credit for 1968. Enter here and on Form
1040, fine 48; Form 1120, Schedule J, line 4(f); Form 1120-A, Part | ine 2; or the proper line of other returns. . 22

For Paperwork Reduction Act Notice, see separate instructions. Form 3468 (1984)


Form 3468 (1984)

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 (2).

@) @ @) @ ©)
Type of Property Line Class of Property Code Unadjusted Basis/ Applicable Qualified Investment.
or Life Years Basis Percentage (Column 3 x column 4)
Recovery @) 3-year 60
(b) Other 100
© 3 or more but less than 5 33%
Nonrecovery @) 5 or more but less than 7 66%
@ 7 or more 100
|
2_ Total 10% energy investment property—Add lines 1(a) through 1(e), column (5) j2

3 Enter on lines 3(a) through 3(e) the basis in qualified hydroelectric generating property. Enter

nameplate capacity of the property (see instructions for

line 3) >
Recovery @) Syear 60
(b) Other 100
(©) |__3.ormore but less than 5 33%
Nonrecovery | (a) | _ 5 ormore but less than 7 66%
6) 7 or more 100
4 Total 11% energy investment property—Add lines 3(a) through 3(e), column (5) 4

5 Enter on lines 5(a) through 5(e) the basis in energy property that
equipment. (See instructions for line 5, column (2).)

is solar equipment, wind equipment, ocean thermal equipment, or geothermal

Recovery (a) 3-year | __60

(b) Other 100

(©) 3 or more but less than 5 33%

Nonrecovery (a) 5 or more but less than 7 66%

3) 7 or more 100
6 Total 15% energy investment property—Add lines 5(a) through 5(e), column (5) - 6
7 Enter 10% of line 2 7
8 Enter 11% of line 4 8
9 Enter 15% of line 6 sone 9
10 Cooperative credit—Enter business energy investment credit from cooperatives 10

11 Tentative business energy investment credit—Add lines 7 through 10. Enter here and

on line 13 of page 1 . __ een . | 11

Instructions for Schedule B B
(Form 3468)

Energy property must meet the same
requirements as regular investment credit
property, except that the provisions of
sections 48(a)(1) and 48(a)(3) do not apply.
See Instructions for Form 3468 for
definitions and rules regarding regular
investment 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(1)(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 property.

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 (2).—Use the code
letters from the following list to indicate the
kind of property for which you are claiming
acredit. If you enter more than one kind of
property ona line, enter the code letter for
each kind of property in column (2) and the
code letter and dollar amount of each kind
of property in the right hand margin.

The code letters are:
a. Biomass property

b. Qualified intercity buses (see section
48(1)(16)(C) for the limitation on
qualified investment for intercity buses
based on the increase in operating
seating capacity).

Line 3.—Figure your qualified investment
in hydroelectric generating property. If the
installed capacity is more than 25

megawatts, 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 (2).—Use thé code
letters from the following list to indicate the
kind of property for which you are claiming
acredit. Be sure to put the code or codes on
the line for the correct recovery period or
life years as explained in the instructions for
line 1, column (2).
¢. Solar equipment (but not passive solar

equipment)

d. Wind equipment
e. Ocean thermal equipment

f. 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.

3 U.S. GOVERNMENT PRINTING OFFICE: 1984—0-429-225 $8-040.1110