Section 29 Tax Credits

Section 29 Tax Credits. Means the tax credits under Section 29 of the Code attributable to Whiting's and Whiting Subs' activities during the taxable year ending on December 31, 2002 that were not utilized in the Alliant Energy Group's consolidated U.S. Corporation Income Tax Return for taxable year 2002. The amount of such Section 29 Tax Credits is approximately $4,350,000 (such amount is subject to the adjustment by the IRS or otherwise). By operation of the corporate alternative minimum tax, the Section 29 Tax... Credits carry over to Alliant Energy Group's U.S. federal Consolidated Return for taxable year ending on December 31, 2003 and future years as part of the Alliant Energy Group's alternative minimum tax credits. The Alliant Energy Group's alternative\ minimum tax credits generated in taxable year 2002 are referred to as the "AMT Credits." View More