Form 8900 - Qualified Railroad Track Maintenance Credit - 2012
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28900
OMB No. 1545-1983
Qualified Railroad Track Maintenance Credit
2012
Form
Attach to your tax return.
▶
Department of the Treasury
Attachment
Information about Form 8900 and its instructions is at
144
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Internal Revenue Service
Sequence No.
Name(s) shown on return
Identifying number
Qualified railroad track maintenance expenditures paid or incurred (see
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instructions) .
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1
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Enter 50% (.50) of line 1 .
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3 a Number of miles of railroad track owned or leased by you (see
instructions) .
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3a
b Less: number of miles of railroad track owned or leased by you and
assigned to other eligible taxpayers for purposes of this credit. See
instructions for more information, including required statement .
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3b
c Number of miles of railroad track assigned to you by the owner or
lessee for purposes of this credit. See instructions for more
information, including required statement
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3c
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d Total. Combine lines 3a through 3c .
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3d
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Multiply line 3d by $3,500
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4
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Enter the smaller of line 2 or line 4
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Qualified railroad track maintenance credit from partnerships and S corporations .
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Add lines 5 and 6. Partnerships and S corporations, report this amount on Schedule K. All
others, report this amount on Form 3800, line 4g .
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General Instructions
• Grand Trunk Corporation (a holding company for all of
Canadian National's U.S. railroad operations),
Section references are to the Internal Revenue Code unless
• Kansas City Southern,
otherwise noted.
• Norfolk Southern,
What’s New
• Soo Line (owned by Canadian Pacific), and
The qualified railroad track maintenance credit was extended to
• Union Pacific.
cover tax years beginning in 2012 and 2013.
Rail facilities of a Class II or Class III railroad are railroad yards,
tracks, bridges, tunnels, wharves, docks, stations, and other
Who Must File
related assets that are used in the transport of freight by a
Eligible taxpayers use Form 8900 to claim the railroad track
railroad and owned or leased by that railroad.
maintenance credit (RTMC) for qualified railroad track
Railroad-related property is property that is provided directly
maintenance expenditures (QRTME) paid or incurred during the
to a Class II or Class III railroad and is unique to railroads. For a
tax year. If you are an assignor of miles of eligible railroad track,
complete description, see Regulations section 1.45G-1(b)(7).
you must file Form 8900 even if you do not claim any RTMC.
Railroad-related services are services that are provided
See the instructions for line 3b for the additional information that
directly to, and are unique to, a railroad and that relate to
must be provided by assignors.
railroad shipping, loading and unloading of railroad freight, or
Taxpayers, other than partnerships and S corporations,
repairs of rail facilities or railroad-related property. For examples
whose only source of this credit is from a partnership or S
of what are and what are not railroad-related services, see
corporation, are not required to complete or file this form.
Regulations section 1.45G-1(b)(8).
Instead, they can report this credit directly on Form 3800.
Eligible railroad track is railroad track located within the United
States that is owned or leased by a Class II or Class III railroad
Definitions
at the close of its tax year. The railroad is treated as owning the
railroad track if it is subject to depreciation under section 167 by
Eligible taxpayers include:
the railroad. Double track is treated as multiple lines of railroad
1. Any Class II or Class III railroad, as these terms are defined by
track, rather than as a single line of railroad track. That is, one
the Surface Transportation Board.
mile of single track is one mile, but one mile of double track is
2. Any person (including a Class I railroad (see below)) who
two miles.
transports property using the rail facilities of a Class II or Class
Qualifying railroad structure is property located within the
III railroad.
United States that includes, in part, tunnels, bridges, and
3. Any person (including a Class I railroad (see below)) who
railroad track. For a complete description, see Regulations
furnishes railroad-related services or property to a Class II or
section 1.45G-1(b)(4).
Class III railroad.
QRTME are expenditures (whether or not otherwise chargeable
For purposes of 2 or 3 above, the taxpayer is only eligible to
to a capital account) for maintaining, repairing, and improving a
claim the credit for miles of eligible railroad track assigned to it
qualifying railroad structure that is owned or leased as of
by a Class II or Class III railroad for purposes of the credit. See
January 1, 2005, by a Class II or Class III railroad. If you paid or
the instructions for line 3c.
incurred QRTME during the tax year, you do not have to reduce
that QRTME by any amount of direct or indirect reimbursement
Class I railroads include only the following seven entities:
to which you are entitled from a Class II or Class III railroad
• BNSF,
which made an assignment of eligible railroad track to you.
• CSX,
8900
For Paperwork Reduction Act Notice, see instructions.
Form
(2012)
Cat. No. 37708X
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