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pdfRecord of Actions on Assignment
Assignment:
Assigned to:
Reviewed by:
Fom 3468, Investment Credit
Date Started:
David L. Lupi-Sher
Date Completed:
04/11/2007
02/24/2009
Date Started:
Sharon Dewsbury
Date Completed:
Record of Technical Developments Considered
Development
(Including Cite)
Description
Location
Action
TLS
Date
REV
Date
1. P.L.
3022, he rehabilitation credit may offset the alternative minimum
110-289,Sec.
tax for rehabilitation expenses incurred after December 31, 2007.
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
2. P.L.
110-343Sec. 103, combined heat and power system property A
p.1-2
DLS 10/24/2008
savd 03/12/2009
3. P.L.
110-343Sec. 103, qualified fuel cell property
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
4.P.L.
110-343Sec. 103, energy property includes water utility property A
p.1-2
DLS
10/24/2008
savd 03/12/2009
5. P.L.
110-343Sec. 104, energy credit for small wind
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
6. P.L.
110-343Sec. 105, energy credit for geothermal heat pump systems A
p.1-2
DLS 10/24/2008
savd 03/12/2009
7. P.L.
111, expansion and modification of advanced coal project
110-343Sec.
investment credit
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
8. P.L.
112, expansion and modification of coal gasification investment
110-343Sec.
credit
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
9. P.L.
Sec. 1102, taxpayers may elect to receive the investment credit in lieu of
111-5, sec.
1102
A
production
credit for qualified investment credit facilities
p. 1, 3
DLS 02/26/2009
savd 03/12/2009
A
p. 1,3
DLS
02/26/2009
savd 03/12/2009
A
2
DLS
02/26/2009
savd 03/12/2009
10.
P.L.
11.P.L.
Sec. 1103, te limitation on the credit for qualified small wind energy
111-5, sec.
1103
property
is repealed after Dec. 31, 2008.
111-5
Sec. 1302, new credit for investments in advanced energy facilities
12.
13.
Coordination with Other Offices (Use Specific Symbols)
Item
Pages
Sent to Other Offices
Topic
Symbols
1.
2.
3.
4.
5.
Action Codes:
Material initiated or revised on basis of this item.............................................. A
No action taken because:
Factual item .............................................................................. B
Already covered......................................................................... C
Limited applicability .................................................................... D
Other (explain) ........................................................................... E
Date
Returned
Target
Actual
Review of Comments
Initiator
Reviewer
Implementation Plan: Open Actions for Product 3468
Run by: SD_GF2LB
Run date:
05-MAR-09
Reviewer: DEWSBURY, SHARON
Action
Act
IRC
Number Section Section
Description of Action
Date
Type
Effective
Date
Target
Due Date
21-DEC-2006
08-NOV-2009
P.L. 109-432, Tax Relief and Health Care Act of 2006
66.00091
207
48
Revise product to reflect expiration of parts of the
energy credit.
ADOE
close
P.L. 109-58, Energy Policy Act of 2005
66.00107
66.00108
1337
1336
48
48
Revise product to reflect the termination the energy
credit for solar illumination after December 31,
2007.
A
Revise product to reflect the termination of the
energy credit for business installation of qualified
fuel cells and stationary microturbine power plants
after 31-DEC-2007.
A
31-DEC-2005
10-NOV-2007
close
08-AUG-2005
10-NOV-2007
close
P.L. 110-289, Housing and Economic Recovery Act of 2008
66.00034
3022
38
42
47
Revise product to reflect the repeal of AMT
limitations on the low-income housing credit and
rehabilitation credit.
A
31-DEC-2007
30-DEC-2008
completed
Implementation Plan: Open Actions for Product 3468
Run by: SD_GF2LB
Run date:
05-MAR-09
Reviewer: DEWSBURY, SHARON
Action
Act
IRC
Number Section Section
Description of Action
Date
Type
Effective
Date
Target
Due Date
P.L. 110-343, Energy Improvement and Extension Act of 2008 (Division B)
66.00060
104(a)
66.00062
105
66.00064
111(a)
Revise the product to reflect small wind energy
property as energy property.
03-OCT-2008
30-DEC-2008
Revise the product to reflect geothermal heat
pump systems as energy property.
03-OCT-2008
30-DEC-2008
Revise the product to reflect the expansion of the
advanced coal project investment credit.
03-OCT-2008
30-DEC-2008
completed
completed
completed
66.00066
112(a)
Revise the product to reflect the expansion of the
coal gasification investment credit.
03-OCT-2008
30-DEC-2008
66.00069
103(a)
Revise the product to reflect the extension of solary
energy credit to 12/31/2016.
03-OCT-2008
30-DEC-2008
66.00070
103(a)
Revise the product to reflect the extension of solary
energy credit to 12/31/2016.
03-OCT-2008
30-DEC-2017
66.00071
103(a)
Revise the product to reflect the extension of fuel
cell property to 12/31/2016.
03-OCT-2008
30-DEC-2008
66.00073
103(a)
Revise the product to reflect the extension of
microturbine property to 12/31/2016.
03-OCT-2008
30-DEC-2008
66.00075
103(b)
Revise the product to reflect the energy credit is
allowed against AMT.
03-OCT-2008
30-DEC-2008
66.00077
103(c)
Revise the product to reflect combined heat and
power system property as energy property.
03-OCT-2008
30-DEC-2008
66.00080
103(a)
Secs 103(e) and (f)(4). Revise the product to
reflect public utility property is taken into account
as energy property after February 13, 2008.
03-OCT-2008
30-DEC-2008
Sec. 104(c)(4)(D). Revise the product to reflect the
expiration of wind energy property after
12/31/2016.
03-OCT-2008
Revise the product to reflect the expiration of
geothermal heat pump systems before 1/1/2017.
03-OCT-2008
66.00082
66.00084
104(a)
105
completed
completed
completed
completed
completed
completed
completed
30-DEC-2008
completed
30-DEC-2017
P.L. 110-343, Tax Extenders and Alternative Minimum Tax Relief Act of 2008
66.00038
702(d)
66.00426
320
66.00427
702(d)
Revise the product to reflect the increased
percentages allowed for rehab credit for
Midwestern disaster areas.
Revise the product to reflect the extension of the
increased rehabilitation credit for the GO Zone
03-OCT-2008
30-DEC-2008
completed
A
Revise the product to reflect the expiration of the
increased percentages allowed for rehab credit for
Midwestern disaster areas.
P.L. 111-5, American Recovery and Reinvestment Act of 2009
Section 1102, P.L. 111-5, Section B, taxpayers may elect to receive the investment credit in lieu of
production credit for qualified investment facilities.
Section 1103, P.L. 111-5, Section B, the limitation on the credit for qualified small wind energy property
was repealed for periods after December 31, 2008.
Section1302, P.L. 111-5, Section B, added a new credit for investments in advanced energy facilities.
03-OCT-2008
30-DEC-2008
completed
03-OCT-2008
29-DEC-2012
Record of Actions on Assignment
Assignment:
Assigned to:
Reviewed by:
Fom 3468, Investment Credit
Date Started:
David L. Lupi-Sher
Date Completed:
04/11/2007
02/24/2009
Date Started:
Sharon Dewsbury
Date Completed:
Record of Technical Developments Considered
Development
(Including Cite)
Description
Location
Action
TLS
Date
REV
Date
1. P.L.
3022, he rehabilitation credit may offset the alternative minimum
110-289,Sec.
tax for rehabilitation expenses incurred after December 31, 2007.
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
2. P.L.
110-343Sec. 103, combined heat and power system property A
p.1-2
DLS 10/24/2008
savd 03/12/2009
3. P.L.
110-343Sec. 103, qualified fuel cell property
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
4.P.L.
110-343Sec. 103, energy property includes water utility property A
p.1-2
DLS
10/24/2008
savd 03/12/2009
5. P.L.
110-343Sec. 104, energy credit for small wind
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
6. P.L.
110-343Sec. 105, energy credit for geothermal heat pump systems A
p.1-2
DLS 10/24/2008
savd 03/12/2009
7. P.L.
111, expansion and modification of advanced coal project
110-343Sec.
investment credit
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
8. P.L.
112, expansion and modification of coal gasification investment
110-343Sec.
credit
A
p.1-2
DLS 10/24/2008
savd 03/12/2009
9. P.L.
Sec. 1102, taxpayers may elect to receive the investment credit in lieu of
111-5, sec.
1102
A
production
credit for qualified investment credit facilities
p. 1, 3
DLS 02/26/2009
savd 03/12/2009
A
p. 1,3
DLS
02/26/2009
savd 03/12/2009
02/26/2009
savd 03/12/2009
10.
P.L.
Sec. 1103, te limitation on the credit for qualified small wind energy
111-5, sec.
1103
property
is repealed after Dec. 31, 2008.
11.P.L.
111-5
Sec. 1302, new credit for investments in advanced energy facilities
A
2
DLS
12.P.L.
111-5
Sec. 1102 investment credit in lieu of production credit
A
p.3
DLS 03/03/2009
13.P.L.
111-5
Sec. 1103, limitation on small wind energy property
repealed
A
p.3
DLS 03/03/2009
4
DLS
03/03/2009
Coordination with Other Officesp. (Use
Specific
Symbols)
P.L. 111-5, Sec. 1302, new credit for investments in energy credit facilities A
Item
Pages
Sent to Other Offices
Topic
Symbols
1.
2.
3.
4.
5.
Action Codes:
Material initiated or revised on basis of this item.............................................. A
No action taken because:
Factual item .............................................................................. B
Already covered......................................................................... C
Limited applicability .................................................................... D
Other (explain) ........................................................................... E
Date
Returned
Target
Actual
Review of Comments
Initiator
Reviewer
Implementation Plan: Open Actions for Product 3468 INST
Run by: SD_GF2LB
Run date:
06-MAR-09
Reviewer: DEWSBURY, SHARON
Action
Act
IRC
Number Section Section
Date
Type
Description of Action
Effective
Date
Target
Due Date
31-DEC-2007
13-NOV-2008
P.L. 110-289, Housing and Economic Recovery Act of 2008
66.00047
3025
47
Revise product to reflect modification of the
definition of tax-exempt use property for purposes
of the rehabilitation credit.
A
completed
P.L. 110-343, Energy Improvement and Extension Act of 2008 (Division B)
66.00059
103(d)
Revise the product to reflect the credit limitation for
fuel cell property increased.
66.00061
104(a)
Revise the product to reflect small wind energy
property as energy property.
66.00063
105
66.00065
03-OCT-2008
31-DEC-2008
03-OCT-2008
31-DEC-2008
Revise the product to reflect geothermal heat
pump systems as energy property.
03-OCT-2008
31-DEC-2008
111(a)
Revise the product to reflect the expansion of the
advanced coal project investment credit.
03-OCT-2008
31-DEC-2008
66.00067
112(a)
Revise the product to reflect the expansion of the
coal gasification investment credit.
03-OCT-2008
31-DEC-2008
66.00072
103(a)
Revise the product to reflect the extension of fuel
cell property to 12/31/2016.
03-OCT-2008
31-DEC-2017
66.00074
103(a)
Revise the product to reflect the extension of
microturbine property to 12/31/2016.
03-OCT-2008
31-DEC-2017
66.00076
103(b)
Revise the product to reflect the energy credit is
allowed against AMT.
03-OCT-2008
31-DEC-2008
66.00078
103(c)
Revise the product to reflect combined heat and
power system property as energy property.
03-OCT-2008
31-DEC-2008
66.00079
103(c)
Revise the product to reflect combined heat and
power system property as energy property.
03-OCT-2008
31-DEC-2008
66.00081
103(a)
Secs 103(e) and (f)(4). Public utility property is
taken into account as energy property after
February 13, 2008.
03-OCT-2008
31-DEC-2008
66.00083
104(a)
Sec. 104(c)(4)(D). Revise the product to reflect the
expiration of wind energy property after
12/31/2016.
03-OCT-2008
31-DEC-2017
66.00085
105
Revise the product to reflect the expiration of
geothermal heat pump systems before 1/1/2017.
03-OCT-2008
31-DEC-2017
66.00150
103(a)
Revise the product to reflect the extension of
microturbine property to 12/31/2016.
03-OCT-2008
31-DEC-2008
comple
ted
comple
ted
P.L. 110-343, Tax Extenders and Alternative Minimum Tax Relief Act of 2008
66.00039
702(d)
Revise the product to reflect the increased
percentages allowed for rehab credit for
Midwestern disaster areas.
66.00428
702(d)
Revise the product to reflect the expiration of the
increased percentages allowed for rehab credit for
Midwestern disaster areas.
completed
03-OCT-2008
31-DEC-2008
03-OCT-2008
30-DEC-2012
Implementation Plan: Open Actions for Product 3468 INST
Run by: SD_GF2LB
Run date:
06-MAR-09
Reviewer: DEWSBURY, SHARON
Action
Act
IRC
Number Section Section
Description of Action
Date
Type
Effective
Date
Target
Due Date
P.L. 111-5, American Recovery and Reinvestment Act of 2009
66.00002
1102
Taxpayers may elect to receive the investment
credit in lieu of production credit for qualified
investment credit facilities.
17-FEB-2009
31-DEC-2008
66.00004
1103
Limitation on the credit for qualified small wind
energy property is repealed for periods after
December 31, 2008.
17-FEB-2009
31-DEC-2008
66.00006
1302
Add new credit for investments in advanced energy
facilities.
17-FEB-2009
31-DEC-2008
completed
| File Type | application/pdf |
| File Title | Project File Checksheet.doc |
| Author | RMDFB |
| File Modified | 2009-03-23 |
| File Created | 2009-03-23 |