Form Nc-478b - Tax Credit Investing In Machinery And Equipment - 2005
ADVERTISEMENT
1
22005 Tax Credit
NC-478B
File with NC-478
Web
Investing in Machinery and Equipment
12-05
North Carolina Department of Revenue
Legal Name (First 10 Characters)
SSN or FEIN
NAICS Code of Primary Business
Part 1.
Business Information
(If you invested in M&E at more than one establishment, use a separate Form NC-478B for Parts 1 and 2 for each establishment.)
Name, Address, and County of
Tier, Development Zone, and Health Insurance
Type of Business (
Fill in applicable circle.)
Establishment at which Credit is Generated
Information (
Fill in applicable circles.)
Air courier services
Tier 5
Central office or aircraft facility
Tier 1
Tier 3
Tier 2
Tier 4
Computer services
Tier based on letter of commitment
Yes
No
Customer service center for
telecommunications or financial services
Date letter signed
company in Tier 1, Tier 2, or Tier 3
(MM-DD-YY)
Data processing
Establishment in a development zone
Yes
No
Electronic mail order house in
Tier 1, Tier 2, or Tier 3
NAICS Code of
Date zone designated
Establishment
Manufacturing
(MM-DD-YY)
Wage standard for county where
Warehousing if primary business
Health insurance carrier
M&E are placed in service
Warehousing if primary activity of an
establishment in Tier 1, Tier 2, or Tier 3
Average weekly wage of all
Health insurance policy number
jobs at this establishment
Wholesale trade
Part 2.
Computation of Credit Amount for Investing in M&E in 2005
(The first installment of this credit may not be taken until 2006.)
,
,
.
1.
Cost of eligible M&E purchased or leased and placed
00
in service in N.C. during 2005
,
,
.
2.
Cost of all eligible M&E in service in N.C. on the last day of 2005
00
Enter here and in Part 3
,
,
.
3.
Cost of all eligible M&E in service in N.C. on the last day
00
of the base year
(From Part 3, see instructions)
,
,
.
4.
Line 2 minus Line 3 (
If Line 4 is zero or less, enter zero.)
00
,
,
.
5.
Eligible Investment Amount Statewide
(Enter the lesser of Line 1 or Line 4)
00
,
,
.
6.
Eligible Investment Amount at this Establishment
00
7.
Tier threshold (
Enter amount for applicable Tier.)
If M&E placed in service over 2-year period, see instructions.
,
,
.
00
Tier 1 &
Tier 2
Tier 3
Tier 4
Tier 5
Development Zone
$100,000
$200,000
$1,000,000
$2,000,000
$ -0-
,
,
.
8.
Excess of eligible investment amount over applicable threshold
00
Line 6 minus Line 7. If zero or less, stop here; you are not eligible for the credit.
,
,
.
9.
Credit Amount for Investment in M&E at this Establishment in 2005
00
Multiply Line 8 by percentage for the applicable Tier from the table below; enter result
here and in the M&E Credit History Table in Part 5
Tier 1 &
Tier 2
Tier 3
Tier 4
Tier 5
Development Zone
7%
7%
6%
5%
4%
,
,
.
10.
Amount of each future installment
00
Divide Line 9 by the number 7 (Credit is taken in 7 installments)
Part 3. M & E in Service in N.C. on Last Day of Tax Year
NC
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
2002
2003
2004
2005
478B
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial