Form Nc-478b - Tax Credit Investing In Machinery And Equipment 2001
ADVERTISEMENT
1
2NC-478B
2001 Tax Credit
File with NC-478
Investing in Machinery and Equipment
North Carolina Department of Revenue
(First 10 Characters)
To be entitled to claim the tax credit for investing in machinery and equipment, you must:
Capitalize the M & E if not part of a large
Meet the general eligibility requirements of G.S. 105-129.4
investment ($150 million)
Place purchased or leased machinery and equipment
If a large investment ($150 million), capitalize
(M & E) in service in N.C. during the tax year
the M & E or lease it from another
Not lease the M & E to another
Attach a certification of eligibility from the N.C.
Not claim the credit for technology commercialization for
Secretary of Commerce
the same M & E
Business Information:
Type of Business
Tier and Status Information
Name, Address, and County of Business Location
Fill in applicable circle:
Fill in all applicable circles:
Qualifying Information
Part 1.
Computation of Eligible Credit Amount for Investing in M & E in 2001
(The first installment of this credit must be taken on the 2002 tax return.)
,
,
.
1.
Cost of M & E purchased or leased and placed in service in N.C. during 2001
00
,
,
.
2. Cost of all M & E in service in N.C. on last day of 2001
00
(Enter here and in Part 2)
3. Cost of all M & E in service in N.C. on last day of base year
(From Part 2)
,
,
.
00
,
,
.
4.
Line 2 minus Line 3
00
,
,
.
5.
Eligible Investment Amount
00
6.
Tier threshold
(Enter amount for applicable Tier)
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
,
,
.
00
$ -0-
$100,000
$200,000
$500,000
$1,000,000
Note: If M & E placed in service over 2-year period, see instructions
,
,
.
7. Excess of cost over applicable threshold
(Line 5 minus Line 6)
00
stop here
,
,
.
8. Eligible Credit Amount for Investment in M & E in 2001
00
,
,
.
9. Amount of each future installment
00
NC
478B
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial