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2005 Tax Credit

NC-478E

File with NC-478

Web

Investing in Central Office or Aircraft Facility Property

12-05

North Carolina Department of Revenue

Legal Name (First 10 Characters)

NAICS Code of Primary Business

SSN or FEIN

Part 1.

Business Information

(If you invested in Central Office or Aircraft Facility Property at more than one establishment, use a separate

Form NC-478E for Parts 1 and 2 for each establishment.)

Name, Address, and County

Other Business Information

Tier and Development Zone Information

of Central Office or Aircraft Facility

(

Fill in applicable circles.)

NAICS Code of

at which Credit is Generated

Establishment

Tier 1

Tier 3

Tier 5

Tier 2

Tier 4

Wage standard for county

Tier based on letter of commitment

Yes

where office is located

Date letter signed

(MM-DD-YY)

Average weekly wage of

all jobs at this establishment

Establishment in a development zone

Yes

Health insurance carrier

Date zone designated

(MM-DD-YY)

Health insurance policy number

Part 2.

Computation of Credit Amount for Investing in Central Office or Aircraft Facility Property at this Establishment

Cost of central office or aircraft facility property purchased or leased

and placed in service in N.C. during 2005

Cost of all central office or aircraft facility property used in N.C.

on the last day of 2005

(Enter here and in Part 4)

Cost of all central office or aircraft facility property used in N.C.

on the last day of the base year

(From Part 4, see instructions)

4. Line 2 minus Line 3

(If zero or less, enter zero)

5. Eligible investment amount statewide

(Lesser of Line 1 or Line 4)

Eligible investment amount at this establishment

Multiply Line 6 by 7%

Percentage of square feet of property used as central office

or aircraft facility property

9. Credit Amount for Investing in Central Office or Aircraft Facility

Property at this Establishment in 2005 (

Multiply Line 7 by Line 8)

Part 3.

Computation of Credit Amount for Investing in Central Office or Aircraft Facility Property Statewide

(The first installment of this credit may not be taken until 2006.)

10.

Add the amount on Part 2, Line 9 for each establishment in 2005

0 0 0 0

11. Maximum credit for investments in 2005

12. Credit Amount for Investing in Central Office or Aircraft Facility Property Statewide in 2005

(Enter the lesser of Line 10 or Line 11; enter here and in the Credit History Table in Part 6)

13.

Amount of each future installment

Divide Line 12 by the number 7 (Credit is taken in 7 installments)

Part 4. Central Office or Aircraft Facility Property in Service in N.C. on Last Day of Tax Year

Tax Year

Amount

Tax Year

Amount

Tax Year

Amount

Tax Year

Amount

2002

2003

2004

2005

478E

Form Nc-478e - Tax Credit Investing In Central Office Or Aircraft Facility Property - 2005

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