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Form Nc-478e - Tax Credit Investing In Central Administrative Office Property - 2000

NC-478E

2000 Tax Credit

File with NC-478

Investing in Central Administrative Office Property

North Carolina Department of Revenue

(First 10 Characters)

Requirements (See Article 3A of G.S. Chapter 105 and the Corporate Tax Bulletins for more information.)

Purchase or lease real property in N.C. and begin to use it as a

Meet the wage standard for the new jobs

Central Administrative Office. A Central Administrative Office is:

Provide health insurance for the full-time

positions at the office

Have a good environmental and OSHA record

Hire at least 40 additional full-time employees in

Attach a certification of eligibility from the N.C.

N.C. to fill new positions at the office

Secretary of Commerce

Name and Address of Central Office

Qualifying Information

Tier and Status Information

Fill in all applicable circles:

Part 1.

Computation of Eligible Credit Amount for Investing in Central Administrative Office Property in 2000

(The first installment of this credit must be taken on the 2001 tax return.)

Cost of central administrative office property purchased or leased and placed

in service in N.C. during 2000

Cost of all central administrative office property used in N.C. on the last

day of 2000

(Enter here and in Part 4)

Cost of all central administrative office property used in N.C. on the last

day of the base year

(From Part 4)

Line 2 minus Line 3, but not less than zero

Enter the lesser of Line 1 or Line 4

Multiply Line 5 by 7.0%

5 0 0 0 0 0

Maximum credit

Enter the lesser of Line 6 or Line 7

9. Percentage of square feet of property used as central administrative office property

10. Eligible Credit Amount for Investing in Central Administrative Property in 2000

11.

Amount of each future installment

478E

Form Nc-478e - Tax Credit Investing In Central Administrative Office Property - 2000