Part III. Current-year general business credits. New

columns were added and several columns were repositioned or renamed.

• Columns (d) and (e) are for passive and non-passive credits, respectively.

• Column (g) combines non-passive credits from column (e) with amounts transferred in or out, shown in column (f).

• Column (i) is the amount of column (g) applied against tax in Part II.

• Note that column (g) may include both passive and non-passive credits; the passive credits are applied only against tax in Part II arising from passive activities.

• Column (j) is the net elective payment election (EPE) amount, which is the smaller of column (h) or column (g) minus column (i).