Energy Tax Credit Listing [R0307]
The Energy Tax Credit Listing report [R0307] provides a year-to-date detailed accounting of the Energy Tax Credit for each applicable asset.
Only assets with an ETC method other than BYPS or an in-service date before January 1, 1986 are reported on.
The report may be accessed through the Controllers Tax report menu [R03] and may be selected interactively for:
- All assets
- A portfolio
- A company
- A region
- An office
The report may be automatically generated for each portfolio at the end of the month and the end of the year through the End of Day update [U0401]. Use the End of Period MODULES AND REPORTS screen under the End of Period Customizations option of the Portfolio update [U0212] to specify whether the report is created. (The end of month and the end of year reports are listed separately.)
The report is organized by all of the following elements:
- Portfolio, Company, Region, Office
- ETC Method (Take 10%, Take 11%, Take 15%, Bypass)
- Recovery (post 1981), Non-Recovery (pre 1981)
- Depreciable Life (e.g., 15 years)
Energy Tax Credit Listing Selection
- ALL
Enter 'X' to report on all assets with an ETC method other than 'BYPS' or an in-service date before January 1, 1986. Leave blank to report on a specific portfolio, company, region, and/or office.
- PORT
Enter the number of the portfolio upon which to report. Leave blank if reporting across portfolios.
- COMP
Enter the number of the company upon which to report. Leave blank if reporting across companies.
- REGN
Enter the number of the region upon which to report. Leave blank if reporting across regions.
- OFFIC
Enter the number of the office upon which to report. Leave blank if reporting across offices.
Energy Tax Credit Listing
The Energy
Tax Credit Listing report [R0307] reports at the asset level and includes the
following information:
- LEASE
The lease number is displayed.
- ASSET
The asset number is displayed.
- LESSEE
SHORT NAME
The short form of the lessee name is displayed.
- IN-SERV
DATE
The date the asset was placed in service, as entered through the Add Asset option of the New Lease update [U0101], is displayed. The in-service date is the starting date for ETC. Only assets with an in-service date before January 1, 1986 are reported on.
- ACT STAT
The short symbol for the asset status is displayed (e.g., NLSE = New on lease). Refer to Appendix F for a list of all asset status codes and their meanings.
- UNADJUSTED
BASIS
The unadjusted basis (acquisition cost) of the asset is displayed.
- QUALIFIED
INVESTMENT
The qualified investment is the basis upon which the Energy Tax Credit is calculated and displayed. This figure is based on the unadjusted basis and the applicable percentage (ranging from 33 1/3% to 100%).Qualified Investment Calculation Table
Non-ACRS ACRS % Life % Life 0% < 3 years 60% 3 years 33 1/3% 3 - <5 100% 5 years 66 2/3% 5 - <7 100% 7 & up
- YEAR
TO DATE ETC
The year-to-date ETC is the amount to claim for the year's taxes. It is calculated by taking a percentage of the QUALIFIED INVESTMENT (10%, 11% or 15%).
- TOTALS/GRAND
TOTALS
Page totals for number of assets and all dollar amounts are shown for each office by depreciable life, recovery or non-recovery, and ETC method. For example:3 YEAR ETC for post-1981 3-year assets
OTHER ETC for post-1981 non-3-year assetsRECOVERY post-1981 total
>= 3, < 5 ETC for pre-1981 3 to 5 year assets
>= 5, < 7 ETC for pre-1981 5 to 7 year assets
>= 7 ETC for pre-1981 7+ year assetsNON-RECOVERY pre-1981 total
10% 10% ETC total
Region, company, portfolio and grand totals are shown for the number of assets and all dollar amounts by depreciable life, recovery or non-recovery, and ETC percentage (10%, 11% or 15%).
Additional Information
The term "recovery" refers to assets placed in-service on or after January 1, 1981. "Non-recovery" refers to assets placed in-service before January 1, 1981.
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