Form Nc-Rehab Instructions - Historic Rehabilitation Tax Credits

Form Nc-Rehab Instructions - Historic Rehabilitation Tax Credits - 2016 Page 3

Page 3,

NC-Rehab Instr., Web, 1-17

Line 18. Enter the amount of tax credit carried forward from prior years.

Line 19. Add Lines 17 and 18. This is the total amount of tax credit to be taken for rehabilitating an income-producing historic

structure for the tax year. Enter the amount of Line 19 on the applicable tax credit summary form, i.e. Form CD-425 (Corporate Tax

Credit Summary), Form D-400TC (Individual Income Tax Credits), or Form D-403TC (Partnership Tax Credit Summary).

Line 20. Enter the amount of tax credit for rehabilitating a nonincome-producing historic structure for the tax year. (From Part 3, Line

16) If rehabilitating multiple discrete structures during the tax year, add the amount from Part 3, Line 16 of each form and enter the sum

on Line 20.

Line 21. Enter the amount of tax credit carried forward from prior years.

Line 22. Add Lines 20 and 21. This is the total amount of tax credit to be taken for rehabilitating a nonincome-producing historic

structure for the tax year. Enter the amount of Line 22 on the applicable tax credit summary form, i.e. Form CD-425 (Corporate Tax

Credit Summary), Form D-400TC (Individual Income Tax Credits), or Form D-403TC (Partnership Tax Credit Summary).

Form Nc-Rehab Instructions - Historic Rehabilitation Tax Credits - 2016 Page 3