Form 3468 Investment Credit

Form

3468

Department of the Treasury
Internal Revenue Service (99)

©

2008
Attachment
Sequence No.

Attach to your tax return. See instructions.

Name(s) shown on return

Part I

OMB No. 1545-0155

Investment Credit

52

Identifying number

Information Regarding the Election To Treat the Lessee as the Purchaser of Investment Credit Property

If you are claiming the investment credit as a lessee based on a section 48(d) (as in effect on November 4, 1990) election, provide
the following information. If you acquired more than one property as a lessee, attach a statement showing the information below.
1 Name of lessor
2 Address of lessor
3 Description of property
©
4 Amount for which you were treated as having acquired the property
$

Part II Energy Credit (For Tax Years Beginning Before October 4, 2008), Qualifying Advanced Coal Project
Credit, Qualifying Gasification Project Credit, and Qualifying Advanced Energy Project Credit
5 Energy credit:
a Basis of property using geothermal energy placed in service during
the tax year (see instructions) $
× 10% (.10)
b Basis of property using solar illumination or solar energy placed in service
during the tax year (see instructions) $
× 30% (.30)
Qualified fuel cell property (see instructions):
c Basis of property installed before October 4, 2008
$
× 30% (.30) 5c
d Kilowatt capacity of property in c
5d
©
above
× $1,000
e Enter the lesser of line 5c or 5d
f Basis of property installed after October 3, 2008
$
5f
× 30% (.30)
g Kilowatt capacity of property in f
5g
©
× $3,000
above
h Enter the lesser of line 5f or 5g
Qualified microturbine property (see instructions):
i Basis of property installed during the tax
5i
year $
× 10% (.10)

5a
5b

5e

5h

j Kilowatt capacity of property in i
5j
©
above
× $200
5k
k Enter the lesser of line 5i or 5j
Combined heat and power system property (see instructions):
Caution: You cannot claim this credit if the electrical capacity of the property is more than 50
megawatts or 67,000 horsepower.
l Basis of property installed after October 3, 2008
$
5l
× 10% (.10)
m If the electrical capacity of the property is measured in:
● Megawatts, divide 15 by the megawatt capacity.
Enter 1.0 if the capacity is 15 megawatts or less.
● Horsepower, divide 20,000 by the
horsepower. Enter 1.0 if the capacity is
5m
20,000 horsepower or less
n Multiply line 5l by 5m
Qualified small wind energy property (see instructions):
o Basis of property installed after
October 3, 2008, and before 2009
$
5o
× 30% (.30)
p Enter the smaller of line 5o or $4,000
q Basis of property installed after 2008 $
× 30% (.30)
Geothermal heat pump systems (see instructions):
× 10% (.10)
r Basis of property installed after October 3, 2008 $
Qualified investment credit facility property (see instructions):
s Basis of property installed after 2008 $
× 30% (.30)
t Total. Add lines 5a, 5b, 5e, 5h, 5k, 5n, 5p, 5q, 5r, and 5s
For Paperwork Reduction Act Notice, see instructions.

5n

5p
5q
5r
5s

Cat. No. 12276E

5t
Form

3468

(2008)

Form 3468 (2008)

Part II
6

Page

Qualifying advanced coal project credit (see instructions):

a Basis of qualified investment in integrated gasification combined cycle
property placed in service during the tax year for projects described
in section 48A(d)(3)(B)(i)
$
× 20% (.20)

6a

b Basis of qualified investment in advanced coal-based generation technology
property placed in service during the tax year for projects described in
$
section 48A(d)(3)(B)(ii)
× 15% (.15)

6b

c Basis of qualified investment in advanced coal-based generation technology
property placed in service during the tax year for projects described in
$
section 48A(d)(3)(B)(iii)
× 30% (.30)
d Total. Add lines 6a, 6b, and 6c
7 Qualifying gasification project credit (see instructions):

6c

a Basis of qualified investment in qualified gasification property placed
in service during the tax year for which credits were allocated or
reallocated after October 3, 2008, and that include equipment that
separates and sequesters at least 75% of the project’s carbon dioxide
7a
emissions
$
× 30% (.30)
b Basis of qualified investment in property other than in a above placed
7b
in service during the tax year $
× 20% (.20)
c Total. Add lines 7a and 7b
8a Qualifying advanced energy project credit (see instructions):
Basis of qualified investment in advanced energy project property placed in
service after February 17, 2009 $
× 30% (.30)
8b Credit from cooperatives. Enter the unused investment credit from cooperatives
9 Add lines 5t, 6d, 7c, 8a, and 8b. Report this amount on Form 3800, line 1a

Part III
10

2

Energy Credit (For Tax Years Beginning Before October 4, 2008), Qualifying Advanced Coal Project
Credit, Qualifying Gasification Project Credit, and Qualifying Advanced Energy Project Credit (continued)

6d

7c

8a
8b
9

Rehabilitation Credit (For Tax Years Beginning in 2008) and Energy Credit (For Tax Years Beginning
After October 3, 2008)

Rehabilitation credit (see instructions for requirements that must be met):
a Check this box if you are electing under section 47(d)(5) to take your qualified rehabilitation
expenditures into account for the tax year in which paid (or, for self-rehabilitated property,
when capitalized). See instructions. Note. This election applies to the current tax year and to
©
all later tax years. You may not revoke this election without IRS consent
/
/
b Enter the date on which the 24- or 60-month measuring period begins
/
/
and ends

c Enter the adjusted basis of the building as of the beginning date above
$
(or the first day of your holding period, if later)
d Enter the amount of the qualified rehabilitation expenditures incurred, or
$
treated as incurred, during the period on line 10b above
Enter the amount of qualified rehabilitation expenditures and multiply by the percentage shown:
e Pre-1936 buildings located in the Gulf Opportunity Zone $
× 13% (.13)
$
× 13% (.13)
f Pre-1936 buildings affected by a Midwestern disaster
$
× 10% (.10)
g Other pre-1936 buildings
h Certified historic structures located in the Gulf Opportunity
$
× 26% (.26)
Zone
i Certified historic structures affected by a Midwestern
$
× 26% (.26)
disaster
$
× 20% (.20)
j Other certified historic structures
For properties identified on lines 10h, 10i, or 10j, complete lines 10k and 10l
k Enter the assigned NPS project number or the pass-through entity’s
employer identification number (see instructions)
l Enter the date that the NPS approved the Request for Certification
of Completed Work (see instructions)
/
/
m Rehabilitation credit from an electing large partnership (Schedule K-1 (Form 1065-B), box 9)

10e
10f
10g
10h
10i
10j

10m
Form

3468

(2008)

Page 3
Rehabilitation Credit (For Tax Years Beginning in 2008) and Energy Credit (For Tax Years Beginning
After October 3, 2008) (continued)

Form 3468 (2008)

Part III

Energy credit:
a Basis of property using geothermal energy placed in service during the
tax year (see instructions)
× 10% (.10) 11a
$
b Basis of property using solar illumination or solar energy placed in service during
11b
$
the tax year (see instructions)
× 30% (.30)
Qualified fuel cell property (see instructions):
c Basis of property installed during the tax
$
year
× 30% (.30) 11c
d Kilowatt capacity of property in c
©
above
× $3,000 11d
11e
e Enter the lesser of line 11c or 11d
Qualified microturbine property (see instructions):
f Basis of property installed during the tax
year $
× 10% (.10) 11f
g Kilowatt capacity of property in f
©
above
× $200 11g
11h
h Enter the lesser of line 11f or 11g
Combined heat and power system property (see instructions):
Caution: You cannot claim this credit if the electrical capacity of the property is more than 50
megawatts or 67,000 horsepower.
i Basis of property installed during the tax
year $
× 10% (.10) 11i
j If the electrical capacity of the property is measured in:

11

● Megawatts, divide 15 by the megawatt
capacity. Enter 1.0 if the capacity is 15
megawatts or less
● Horsepower, divide 20,000 by the
horsepower. Enter 1.0 if the capacity is
11j
20,000 horsepower or less
k Multiply line 11i by 11j
Qualified small wind energy property (see instructions):
l Basis of property installed before 2009
$
× 30% (.30) 11l

.
11k

11m
m Enter the smaller of line 11l or $4,000
n Basis of property installed after 2008 $
× 30% (.30) 11n
Geothermal heat pump systems (see instructions):
× 10% (.10) 11o
o Basis of property installed during the tax year $
Qualified investment credit facility property (see instructions):
× 30% (.30) 11p
p Basis of property installed after 2008 $
q Total. Add lines 11a, 11b, 11e, 11h, 11k, 11m, 11n, 11o, and 11p
12 Credit from cooperatives. Enter the unused investment credit from cooperatives (see
instructions)
13 Add lines 10e through 10j, 10m, 11q, and 12
14 Rehabilitation and energy credits included on line 13 from passive activities
15 Subtract line 14 from line 13
16 Rehabilitation and energy credits allowed for 2008 from a passive activity
17 Carryback of rehabilitation and energy credits from 2009
18 Add lines 15 through 17. Report this amount on Form 3800, line 29a

11q
12
13
14
15
16
17
18
Form

3468

(2008)