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Form Nc-415 - Tax Credit For Qualifying Expenses Of A Production Company - North Carolina Department Of Revenue

Tax Credit for Qualifying Expenses

NC-415

of a Production Company

3-10

North Carolina Department of Revenue

Fill in applicable circle:

Individual

C-Corp

S-Corp

Partnership

Estate or Trust

LLC

FEIN or SSN (No dashes)

Name (Individual’s name or entity’s legal name)

Address

Tax Year Ending

(MM-DD-YY)

City

State

Zip Code

Date Production Activities

Completed

(MM-DD-YY)

Contact Person

Phone Number for Contact Person

Part 1. Production Information

Number of people employed in North Carolina with respect to the production

Enter the name and a description of production

List all North Carolina counties used as sites in the production

Part 2. Computation of North Carolina Qualifying Expenses

Total qualifying expenses spent in North Carolina for goods leased or purchased

Total qualifying expenses spent in North Carolina for services leased or purchased

Total qualifying expenses spent in North Carolina for compensation and wages paid

(Do not include amounts in excess of $1,000,000 paid to a highly compensated individual.)

Total qualifying expenses spent in North Carolina for insurance coverage

Total North Carolina qualifying expenses

Add Lines 1 through 4 (If $250,000 or less, stop here; you are not eligible for the credit.)

Part 3. Computation of Credit for Qualifying Expenses of a Production Company

6. Total North Carolina qualifying expenses

(From Line 5)

Credit for Qualifying Expenses of a Production Company

Multiply Line 6 by 15% (.15) and enter amount here; do not exceed $7,500,000 for a production that

is a feature film.

Form Nc-415 - Tax Credit For Qualifying Expenses Of A Production Company - North Carolina Department Of Revenue