Form 3468 Investment Credit

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Form

3468

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

Investment Credit
▶ Go

OMB No. 1545-0155

2019

▶ Attach to your tax return.
to www.irs.gov/Form3468 for instructions and the latest information.

Attachment
Sequence No. 174
Identifying number

DRAFT AS OF
August 28, 2019
DO NOT FILE
Part I

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 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
during the tax year . . . . . . . . . . . . . . . . $
a

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9
10

Reserved for future use . . . . . . . . . . . . . . . . . . . .
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.

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in
service
× 30% (0.30)
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Cat. No. 12276E

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Form 3468 (2019)

Page 2

Form 3468 (2019)

Part III
11
a

Rehabilitation Credit and Energy Credit

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 . . . . . . . . . . . . ▶

DRAFT AS OF
August 28, 2019
DO NOT FILE
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
first day of your holding period, if later) . . . . . . . . . . .
d Enter the amount of the qualified rehabilitation expenditures incurred, or
as incurred, during the period on line 11b above . . . . . . . .

(or the
. . . $
treated
. . . $
Enter the amount of qualified rehabilitation expenditures and multiply by the percentage shown:
× 10% (0.10)
e Pre-1936 buildings under the transition rule (see instructions) . . $
f Certified historic structures under the transition rule (see instructions) $
× 20% (0.20)
g Certified historic structures with expenditures paid or incurred after
2017 and not under the transition rule (see instructions)
. . . $
× 4% (0.04)
Note: This credit is allowed for a 5-year period beginning in the tax year that the qualified rehabilitated
building is placed in service.
h
i

12

a
b

c

d

e
f
g
h
i
j
k
l
m

n
o

11e
11f

11g

For properties identified on line 11f or 11g, complete lines 11h and 11i.
Enter the assigned NPS project number or the pass-through entity’s employer identification number
(see instructions) . . . . . . . . . . . . . . . . . . .
Enter the date that the NPS approved the Request for Certification of Completed Work (see
instructions) . . . . . . . . . . . . . . . . . . . . .
Energy credit:
Basis of property using geothermal energy placed in
(see instructions) . . . . . . . . . . . . . . . .

service during the tax year
$
× 10% (0.10) 12a
Basis of property using solar illumination or solar energy placed in service during the tax year that
is attributable to periods after December 31, 2005, and the construction of which began before
2020 (see instructions) . . . . . . . . . . . . . . $
× 30% (0.30) 12b
Basis of property using solar illumination or solar energy placed in service during the tax year and the
construction of which began in 2020 (see instructions) . . . . $
× 26% (0.26) 12c
Qualified fuel cell property (see instructions):
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) 12d
Applicable kilowatt capacity of property on line 12d (see instructions) . ▶
× $1,000 12e
Enter the lesser of line 12d or line 12e . . . . . . . . . . . . . . . . . . . . .
12f
Basis of property placed in service during the tax year that is attributable to periods after
October 3, 2008, and the construction of which began before 2020 $
× 30% (0.30) 12g
Applicable kilowatt capacity of property on line 12g (see instructions) . ▶
× $3,000 12h
Enter the lesser of line 12g or line 12h . . . . . . . . . . . . . . . . . . . . .
12i
Basis of property placed in service during the tax year and the construction of which began
in 2020
. . . . . . . . . . . . . . . . . . . $
× 26% (0.26) 12j
Applicable kilowatt capacity of property on line 12j (see instructions) . ▶
× $3,000 12k
Enter the lesser of line 12j or line 12k . . . . . . . . . . . . . . . . . . . . . .
12l
Qualified microturbine property (see instructions):
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) 12m
Kilowatt capacity of property on line 12m . . . . . . . . . . ▶
× $200 12n
Enter the lesser of line 12m or line 12n . . . . . . . . . . . . . . . . . . . . .
12o
Form 3468 (2019)

Page 3

Form 3468 (2019)

Part III

Rehabilitation Credit and Energy Credit (continued)

Combined heat and power system property (see instructions):
Caution: You can’t claim this credit if the electrical capacity of the property is more than 50
megawatts or has a mechanical energy capacity of more than 67,000 horsepower or an equivalent
combination of electrical and mechanical energy capabilities.

DRAFT AS OF
August 28, 2019
DO NOT FILE
p 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)

q 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12p

12q
Multiply line 12p by line 12q . . . . . . . . . . . . . . . . . . . . . . . . .
12r
Qualified small wind energy property (see instructions):
s 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) 12s
t Enter the smaller of line 12s or $4,000 . . . . . . . . . . . . . . . . . . . . .
12t
u Basis of property placed in service during the tax year that is attributable to periods
after
December
31,
2008,
and
the
construction
of
which
began
before
2020 . . . . . . . . . . . . . . . . . . . . $
× 30% (0.30) 12u
v Basis of property placed in service during the tax year and the construction of which began
in 2020 . . . . . . . . . . . . . . . . . . . . $
× 26% (0.26) 12v
Geothermal heat pump systems (see instructions):
w 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) 12w
Qualified investment credit facility property (see instructions):
x Basis of property the construction of which began before 2018 (other than wind facility
property and the construction of which began after 2016) placed in service during the
tax year . . . . . . . . . . . . . . . . . . . $
× 30% (0.30) 12x
y Basis of wind facility property placed in service during the tax year and the construction of which
began during 2017 . . . . . . . . . . . . . . . . $
× 24% (0.24) 12y
z Basis of wind facility property placed in service during the tax year and the construction of which
began during 2018 . . . . . . . . . . . . . . . . $
× 18% (0.18) 12z
aa Basis of wind facility property placed in service during the tax year and the construction of which
began during 2019 . . . . . . . . . . . . . . . . $
× 12% (0.12) 12aa
13
Enter the applicable unused investment credit from cooperatives (see instructions) . . . . . .
13
14
Add lines 11e, 11f, 11g, 12a, 12b, 12c, 12f, 12i, 12l, 12o, 12r, 12t, 12u, 12v, 12w, 12x, 12y, 12z, 12aa
and 13. Report this amount on Form 3800, Part III, line 4a . . . . . . . . . . . . . . .
14

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Form 3468 (2019)