Investment Credit Property

Investment credit property is any depreciable or amortizable property that qualifies for the qualifying advanced coal project credit, qualifying gasification project credit, qualifying advanced energy project credit, advanced manufacturing investment credit, clean electricity investment credit, energy credit, or rehabilitation credit.

You can’t claim a credit for property that is:

• Used mainly outside the United States (except for property described in section 168(g)(4));

• Used by a governmental unit or foreign person or entity (see Exceptions, below);

• Used for lodging or in the furnishing of lodging (see section 50(b)(2) for exceptions); or

• Certain MACRS business property to the extent it has been expensed under section 179.

Exceptions

• Investment credit property used by a governmental unit or foreign person or entity for a qualified rehabilitated building leased to that unit, person, or entity and property used under a lease with a term of less than 6 months.

• A tax-exempt organization or governmental entity which is generally unable to claim an investment credit must complete and attach Form 3468 and Form 3800 to Form 990-T or other applicable income tax return to claim a section 48C credit, section 48E credit, or section 48 credit for which an election is made under section 6417 for any tax year. See the Instructions for Form 3800, at IRS.gov/Form3800 .