Form Nc478i - Tax Credit Research And Development - 2004
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1
2NC-478I
File with NC-478
2004 Tax Credit
Web
Research and Development
1-05
North Carolina Department of Revenue
Legal Name (First 10 Characters)
SSN or FEIN
IMPORTANT: Credit effective for business activities occurring on or after May 1, 2005. Therefore this credit may only be
taken on the 2004 tax return by taxpayers with a fiscal year ending on or after May 1, 2005.
Part 1. Type of Research Expenses
(Fill in applicable circles:)
Small Business
Low-tier Research (Tiers 1, 2, or 3)
University Research
Other
Part 2.
Computation of Credit for North Carolina University R & D Expenses.
(If you complete Part 2, do not complete
Parts 3 or 4 for the same expenses.
,
,
,
.
1.
Total North Carolina university R & D expenses incurred on or after May 1, 2005
00
2. Eligible credit amount for North Carolina university R & D expenses
.
,
,
,
00
Multiply Line 1 by 15.0%; enter result here and on Part 5, Line 10
Part 3.
Computation of Credit for Qualified North Carolina Small Business R & D Expenses.
(If you complete Part 3,
do not complete Parts 2 or 4 for the same expenses.
3.
Total qualified North Carolina small business R & D expenses incurred
,
,
,
.
00
on or after May 1, 2005
4.
Eligible credit amount for North Carolina small business R & D expenses
.
,
,
,
00
Multiply Line 3 by 3.0%
Part 4.
Computation of Credit for Qualified North Carolina Low-Tier and Other R & D Expenses.
(If you complete Part 4, do not complete Parts 2 or 3 for the same expenses.)
5.
Total qualified North Carolina low-tier and other R & D expenses
,
,
,
.
00
incurred on or after May 1, 2005
.
6.
Total qualified North Carolina low-tier R & D expenses
,
,
,
00
Enter portion of Line 5 incurred in Tiers 1, 2, or 3
7.
Eligible credit amount for qualified North Carolina low-tier R & D expenses
,
,
,
.
00
Multiply Line 6 by 3.0%
,
,
8.
Total qualified North Carolina other R & D expenses
,
.
00
Line 5 minus Line 6
9.
Eligible credit amount for qualified North Carolina other R & D expenses
.
,
,
,
00
Multiply Line 8 by the applicable percentage(s) below; add the amounts and enter sum.
Multiply the first $50 million by 1.0%
Multiply the amount over $50 million but less than $200 million by 2.0%
Multiply the amount over $200 million by 3.0%
NC
478I
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