3468 Investment Credit

Form

3468

Department of the Treasury
Internal Revenue Service (99)
Name(s) shown on return

Part I

Investment Credit
▶ Information

OMB No. 1545-0155

2016

▶ Attach to your tax return.
about Form 3468 and its separate instructions is at www.irs.gov/form3468.

Attachment
Sequence No. 174
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
Description of property
3
4
Amount for which you were treated as having acquired the property . . . . . . . . . . ▶ $

Part II

Qualifying Advanced Coal Project Credit, Qualifying Gasification Project Credit, and Qualifying
Advanced Energy Project Credit

5

Qualifying advanced coal project credit (see instructions):
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% (0.20) 5a
b 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% (0.15) 5b
c 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% (0.30) 5c
d Total. Add lines 5a, 5b, and 5c . . . . . . . . . . . . . . . . .
6
Qualifying gasification project credit (see instructions):
a

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5d

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6c

a

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 includes equipment that separates and
sequesters at least 75% of the project’s carbon dioxide
emissions . . . . . . . . . $
× 30% (0.30) 6a
b Qualified investment in property other than in a above placed in service
during the tax year . . . . . . $
× 20% (0.20) 6b
c Total. Add lines 6a and 6b . . . . . . . . . . . . . . . . . .
7
Qualifying advanced energy project credit (see instructions):
Qualified investment in advanced energy project property placed in
service during the tax year . . . . . . . . . . . . $
8
9
10

Reserved . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the applicable unused investment credit from cooperatives (see instructions)
Add lines 5d, 6c, 7, and 9. Report this amount on Form 3800, Part III, line 1a . .

For Paperwork Reduction Act Notice, see separate instructions.

× 30% (0.30)

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Cat. No. 12276E

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Form 3468 (2016)

Page 2

Form 3468 (2016)

Part III

Rehabilitation Credit and Energy Credit

11

Rehabilitation credit (see instructions for requirements that must be met):
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 dates 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 11b above . . . . .
$
Enter the amount of qualified rehabilitation expenditures and multiply by the percentage shown:
$
× 10% (0.10)
e Pre-1936 buildings . . . . . . . . . . . . . .
$
f Certified historic structures . . . . . . . . . . .
× 20% (0.20)
For properties identified on line 11f, complete lines 11g and 11h.
g Enter the assigned NPS project number or the pass-through entity’s employer identification
number (see instructions)
. . . . . . . . . . . . . . .
h Enter the date that the NPS approved the Request for Certification of Completed Work (see
instructions) . . . . . . . . . . . . . . . . . . . .
a

i

Rehabilitation credit from an electing large partnership (Schedule K-1 (Form 1065-B), box 9) . .
Energy credit:
a Basis of property using geothermal energy or solar energy (acquired before January 1, 2006, and
the basis attributable to construction, reconstruction, or erection by the taxpayer before January
1, 2006) placed in service during the tax year (see instructions) $
× 10% (0.10)
b Basis of property using solar illumination or solar energy placed in service during the tax year that was
acquired after December 31, 2005, and the basis attributable to construction, reconstruction, or
erection by the taxpayer after December 31, 2005 (see instructions) $
× 30% (0.30)
Qualified fuel cell property (see instructions):
c Basis of property placed in service during the tax year that was acquired after December 31, 2005, and
before October 4, 2008, and the basis attributable to construction, reconstruction, or erection by the
taxpayer after December 31, 2005, and before October 4, 2008
$
× 30% (0.30)
× $1,000
d Applicable kilowatt capacity of property on line 12c (see instructions) ▶
e Enter the lesser of line 12c or line 12d . . . . . . . . . . . . . . . . . . . .
f Basis of property placed in service during the tax year that was acquired after October 3, 2008,
and the basis attributable to construction, reconstruction, or erection by the taxpayer after
October 3, 2008
. . . . . . . . . . . . . . . $
× 30% (0.30)
× $3,000
g Applicable kilowatt capacity of property on line 12f (see instructions) ▶
h Enter the lesser of line 12f or line 12g
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Qualified microturbine property (see instructions):
i Basis of property placed in service during the tax year that was acquired after December 31, 2005,
and the basis attributable to construction, reconstruction, or erection by the taxpayer after
December 31, 2005 . . . . . . . . . . . . . . $
× 10% (0.10)
j Kilowatt capacity of property on line 12i
. . . . . . . . . . ▶
× $200
k Enter the lesser of line 12i or line 12j . . . . . . . . . . . . . . . . . . . . .

11e
11f

11i

12

12a

12b

12c
12d
12e

12f
12g
12h

12i
12j
12k
Form 3468 (2016)

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Form 3468 (2016)

Part III

Rehabilitation Credit and Energy Credit (continued)

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 placed in service during the tax year that was acquired after October 3, 2008,
and the basis attributable to construction, reconstruction, or erection by the taxpayer after
October 3, 2008 . . . . . . . . . . . . . . . .$
× 10% (0.10)

12l

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 20,000 horsepower or
less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12m

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12n

Qualified small wind energy property (see instructions):
o Basis of property placed in service during the tax year that was acquired after October 3, 2008,
and before January 1, 2009, and the basis attributable to the construction, reconstruction, or
erection by the taxpayer after October 3, 2008, and before January 1, 2009 . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . $
× 30% (0.30)

12o

p Enter the smaller of line 12o or $4,000

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12p

q Basis of property placed in service during the tax year that was acquired after December 31, 2008,
and the basis attributable to construction, reconstruction, or erection by the taxpayer after
December 31, 2008 . . . . . . . . . . . . . . $
× 30% (0.30)

12q

Geothermal heat pump systems (see instructions):
Basis of property placed in service during the tax year that was acquired after October 3, 2008,
and the basis attributable to construction, reconstruction, or erection by the taxpayer
after October 3, 2008 . . . . . . . . . . . . . . $
× 10% (0.10)

12r

Qualified investment credit facility property (see instructions):
Basis of property (other than wind facility property and the construction of which began after
2016) placed in service during the tax year . . . . . . . $
× 30% (0.30)

12s

Basis of wind facility property placed in service during the tax year and the construction of which
begins during 2017 . . . . . . . . . . . . . . . $
× 24% (0.24)

12t

13

Enter the applicable unused investment credit from cooperatives (see instructions)

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13

14

Add lines 11e, 11f, 11i, 12a, 12b, 12e, 12h, 12k, 12n, 12p, 12q, 12r, 12s, 12t, and 13. Report this
amount on Form 3800, Part III, line 4a . . . . . . . . . . . . . . . . . . . .

14

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Multiply line 12l by line 12m .

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Form 3468 (2016)