Elective Payment Under Section 48D(d)

For qualified property placed in service after 2022 that is part of an advanced manufacturing facility, a taxpayer can elect to treat the credit as a payment against tax. A partnership or S corporation can elect to receive the credit as a payment. The following must be filed with your return to make an elective payment election under section 48D.

• Form 3468; and

• Form 3800.

For more information on elective payment elections under section 48D see Elective Payment of Certain Business Credits Under Section 6417 or Section 48D in the Instructions for Form 3800.