8900 Qualified Railroad Track Maintenance Credit

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J~ttached is a marked up draft that can be used to develop any necessary Work Requests for
the

2007

processing

year. The major changes are as follows:

::>n Line 3b, we deleted the write-in entry, and revised the text to read as follows (INSERT A):

See instructions for more information, including required statement.

On Line 3c, we deleted the write.,in entry, and revised the text to read as follows (INSERT A):

:3eeinstr'Jctions for more information, including required statement.

This Notificatioli is for changes due to:

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We do not anticipate the need for any further changes that would require a Work Request Notification,

D We may need to make further

changes that would require a subsequent \A/ork Request Notification.

If you have any questions, please contact the TLS shown below, or the reviewer on line 3 (above).
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Room:

From

John R. Nelson
SE:W:CAR:MP:T:

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C7-177
PhoneNumber:
(202) 283-6949

Email:
[email protected]

Fax Number:

OMB No. 1545..1983

Qualified Railroad Track Maintenance Credit
(Rev. December 2006)
Department of the Treasury
Intemal Revenue Service

... Attach to your tax return.

Attachment

SequenceNo. 144

Name(s) shown on return

1

Qualified railroad track maintenance expenditures paid or incurred
(see instructions) .
2 Enter 50% (.50) of line 1
3a Number of miles of railroad track owned or leased
instructions).
b Less: number of miles of railroad track owned
assigned to other eligible taxpayers
1~B~F~s~i;QRBj
: .@

~

,c
lessee for

~
3c
4

line

or

2

line

$3,500

of

by

3d

smaller

line

the

Multiply

Qualified railroad track maintenance
Enter

:!sd
4
5
6
7

. . .. . . . . . . . . .
credit from partnerships

and S corporations.

...

.

Add lines 5 and 6. Partnerships and S corporations, report this amount on Schedule K;
all others, report the credit on the applicable line of Form 3800 (e.g., line 10 of the 2006

Form3800) ..

. . . . . . . . . . . . . . . . . . . . . . .

General Instructions
Section references are to the Internal Revenue Code unless
otherwise noted.

Definitions
Eligible Taxpayer
Eligible taxpayers

What's New
. The tax liability limit is no longer figured on this form.
Instead, it must be figured on Form 3800, General Business
Credit.

. Taxpayers that are not partnerships or S corporations, and
whose only source of this credit is from those pass-through
entities, are not required to complete or file this form.
Instead, they can report this credit directly on line 10 of the
2006 version of Form 3800.
. The IRS will revise this December 2006 version of the form
only when necessary. Continue to use this version for tax
years beginning after 2005 until a new revision is issued.
. For tax years beginning in 2006, railroads that assigned
track to another railroad, or have been assigned trackage by
another railroad, will be required to provide additional
information relating to such trackage. See the instructions for
more information.

include:

1. Any Class II or Class III railroad. as these terms are
defined by the Surface Transportation Board (STB).
2. Any person (including a Class I railroad (see below)) who
transports property using the rail facilities of a Class II or
Class III railroad.
3. Any person (including a Class I railroad (see below)) who
furnishes railroad-related services or property to a Clas:s II or
Class III railroad.
For purposes of 2 or 3 above, the taxpayer is only eligible
to claim the credit with respect to miles of railroad track
assigned to it by a Class II or Class III railroad for purposes
of the credit. See the instructions for line 3c.
Class I railroads include only the following
8
8

seven entities:

BNSF.
CSX,

8 Grand Trunk Corporation (a holding company for all of
Canadian National's U.S. railroad operations),

Purpose
of Form
Eligible taxpayers use Form 8900 to claim the credit with
respect to qualified railroad track maintenance expenditures

8 Kansas City Southern,
8 Norfolk Southem,
8 Soo Line (owned by Canadian Pacific), and

paid or incurredduring tax years beginningafter December

8

Union Pacific.

31, 2004 and before January 1, 2008.

c.t~S6'~3:(A)

For Paperwork Reduction Act Notice, see instructions.

Cat. No. 37708X

FOm1

8900

(Rev.12-2006)