Form Nc-478 - Summary Of Tax Credits Limited To 50% Of Tax

Form Nc-478 - Summary Of Tax Credits Limited To 50% Of Tax - 2005 Page 2

Page 2

Name

SSN or FEIN

NC-478 Web, 12-05

Franchise

Income

Part 2.

Computation of 50% Limit

14.

Amount of Franchise and Income Tax Due

15.

Enter Amount of Credits Not Subject to 50% Limit

16.

Line 14 minus Line 15, but not less than zero

17.

Multiply Line 16 by 50%

18. Enter the Lesser of Line 13 or Line 17

Part 3.

Amount of Each Credit Taken in 2005

(Allocate the credits available in Part 1 by entering the amount of each credit actually taken in 2005.)

19. Creating Jobs

20. Investing in Machinery and Equipment

21. Research and Development

a. Article 3A

b. Article 3F

22. Worker Training

23. Investing in Central Office or

Aircraft Facility Property

24. Investing in Business Property

25. Investing in Renewable

Energy Property

26. Low-Income Housing

27. Technology Commercialization

28.

Non-Hazardous Dry-Cleaning Equipment

29.

Renewable Fuel Facility

30. Other Tax Credits Subject to 50% of Tax Limit

Fill in applicable circles:

Substantial Investment

Energy Facility

Cigarettes for Export

N.C. Ports

Development Zone Projects

31.

Total Tax Credits Subject to 50% Limit Taken in 2005

Add Lines 19 through 30; total can not exceed Line 18

Part 4.

Cost of Property Placed in Service During 2005

(Complete Lines 32 through 34 only if you claimed a tax credit on Part 1, Lines 7, 10, or 11.)

32.

Cost of renewable energy property for which the credit on Line 7 is allowed

33.

Cost of non-hazardous dry-cleaning equipment for which

the credit on Line 10 is allowed

34.

Cost of renewable fuel facility property for which the

credit on Line 11 is allowed

Part 5.

Certification

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.

478

Signature of Taxpayer or Authorized Agent

Date

Form Nc-478 - Summary Of Tax Credits Limited To 50% Of Tax - 2005 Page 2

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