Looking for a North Carolina Tax Forms And Templates? Download it for free!

Form Nc-478e - Tax Credit Investing In Central Office Or Aircraft Facility Property 2001

2001 Tax Credit

NC-478E

File with NC-478

Investing in Central Office or Aircraft Facility Property

North Carolina Department of Revenue

(First 10 Characters)

To be entitled to claim the tax credit for investing in central office or aircraft facility property, you must:

Meet the general eligibility requirements of G.S. 105-129.4

A central office is:

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

a Central Office or Aircraft Facility.

Hire at least 40 additional full-time employees in N.C. to fill

An aircraft facility is:

new positions at the office or facility

Attach a certification of eligibility from the N.C. Secretary of Commerce

Name, Address, and County

Qualifying Information

Tier and Status Information

of Central Office or Aircraft Facility

Fill in all applicable circles:

Part 1.

Computation of Eligible Credit Amount for Investing in Central Office or Aircraft Facility Property in 2001

(The first installment of this credit must be taken on the 2002 tax return.)

Cost of central office or aircraft facility property purchased or leased and

placed in service in N.C. during 2001

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

day of 2001

(Enter here and in Part 2)

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

last day of the base year

(From Part 2)

4. Line 2 minus Line 3, but not less than zero

5. Enter the lesser of Line 1 or Line 4

Multiply Line 5 by 7.0%

5 0 0 0 0 0

Maximum lifetime credit

Amount of credits for previous investments

(Add the eligible credit amounts calculated for investments in previous years and enter result here)

Maximum credit for investments in 2001

(Line 7 minus Line 8, enter result here)

10. Enter the lesser of Line 6 or Line 9

11. Percentage of square feet of property used as central office or aircraft facility property

12. Eligible Credit Amount for Investing in Central Office or Aircraft Facility Property in 2001

13.

Amount of each future installment

478E

Form Nc-478e - Tax Credit Investing In Central Office Or Aircraft Facility Property 2001

Related Articles

Related forms

Related Categories