Form Nc-478f - 2000 Tax Credit Investing In Business Property - State Of North Carolina

ADVERTISEMENT

File with NC-478
2000 Tax Credit
NC-478F
Investing in Business Property
North Carolina Department of Revenue
10-00
Legal Name (First 10 Characters)
SSN or FEIN
Requirements (See Article 3B of G.S. Chapter 105 and the Corporate Tax Bulletins for more information.)
Business property is tangible personal property used in connection with a business or for the production of income. It
does not include certain luxury passenger automobiles or watercraft. Neither does it include real property, such as
townhouses and buildings.
Purchase or lease business property and place it
Name and Address of Business Location
in service in N.C. during the tax year
Obtain a written certification from the lessor of leased
property that the lessor will not capitalize the property
Capitalize the property; property expensed under
Section 179 of the Code is not eligible
Part 1.
Computation of Eligible Credit Amount for Investing in Business Property in 2000
(The first installment of this credit may be taken on the 2000 tax return.)
1.
Cost of business property purchased or leased and placed in service during 2000
,
,
.
00
Enter here and on Form NC-478, Part 4, Line 28
2.
Multiply Line 1 by 4.5%
,
,
.
00
,
.
4
5 0
0
3.
Maximum credit
00
4.
Eligible Credit Amount for Investing in Business Property in 2000
,
.
Enter the lesser of Line 2 or Line 3 here and in the Credit History table in Part 2
00
5.
Amount of each installment
,
,
.
00
Divide Line 4 by the number 5 (Credit is taken in 5 installments)
NC
478F

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2