Form Nc-478 - Summary Of Tax Credits Limited To 50% Of Tax November 2006 Page 2
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2Page 2
Name
SSN or FEIN
NC-478 Web, 11-06
Franchise
Income
Part 2.
Computation of 50% Limit
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.
00
00
14.
Amount of Franchise and Income Tax Due
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15.
Enter Amount of Credits Not Subject to 50% Limit
00
00
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.
00
00
16.
Line 14 minus Line 15, but not less than zero
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17.
Multiply Line 16 by 50%
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00
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18. Enter the Lesser of Line 13 or Line 17
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00
Part 3.
Amount of Each Credit Taken in 2006
(Allocate the credits available in Part 1 by entering the amount of each credit actually taken in 2006.)
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19. Creating Jobs
00
00
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20. Investing in Machinery and Equipment
00
00
21. Research and Development
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a. Article 3A
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00
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b. Article 3F
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00
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22. Worker Training
00
00
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23. Investing in Central Office or
00
00
Aircraft Facility Property
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24. Investing in Business Property
00
00
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25. Investing in Renewable
00
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Energy Property
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26. Low-Income Housing
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00
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27. Technology Commercialization
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00
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28.
Non-Hazardous Dry-Cleaning
00
00
Equipment
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29.
Renewable Fuel Facility
00
00
30. Other Tax Credits Subject to 50% of Tax Limit
Fill in applicable circles:
N.C. Ports
Energy Facility
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Development Zone
Cigarettes for
Projects
Export
00
00
Cigarettes for Export While
Substantial
Increasing Employment
Investment
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31.
Total Tax Credits Subject to 50% Limit Taken in 2006
00
00
Add Lines 19 through 30; total can not exceed Line 18
Part 4.
Cost of Property Placed in Service During 2006
(Complete Lines 32 through 34 only if you claimed a tax credit on Part 1, Lines 7, 10, or 11.)
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32.
Cost of renewable energy property for which the credit on Line 7 is allowed
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33.
Cost of non-hazardous dry-cleaning equipment for which
00
the credit on Line 10 is allowed
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,
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34.
Cost of renewable fuel facility property for which the
00
credit on Line 11 is allowed
I certify that the taxpayer filing forms in the NC-478 series and accompanying schedules meets the requirements for claiming the tax credits and that the
information given on these documents is, to the best of my knowledge, accurate and complete.
Signature of Taxpayer or Authorized Agent
Date
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