Reminders

Pre-filing registration. The IRS established a pre-filing registration process that must be completed prior to electing payment or transfer of the investment credit figured in Parts III, IV, V, and VI. See Pre-filing Registration Requirement for Payments and Transfers , later.

Facility information. Form 3468 and its instructions were changed to require separate information and computation of investment tax credit for each facility or property. See Part I, Information on Qualified Property or Qualified Facility , later.

Tax-exempt and governmental entities. Applicable entities (such as certain tax-exempt and governmental entities) can elect to treat certain investment credits as a payment of income tax. See Applicable Entities , later.

Transfer of certain investment tax credits. Eligible taxpayers, partnerships, and S corporations can elect to transfer all or part of the credit amount otherwise allowed as a general business credit to an unrelated third party in exchange for cash. Eligible taxpayers don’t include applicable entities. See Credit Transfers , later.

Elective payment for advanced manufacturing invest­ ment credit. Eligible taxpayers, partnerships, and S corporations can elect to treat advanced manufacturing investment credit as a payment of tax. See Elective Payment Under Section 48D(d), later.