Form Nc-478 - Summary Of Tax Credits Limited To 50% Of Tax Page 2
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1
2NC-478 Reverse
Part 2.
Computation of 50% Limit
Franchise
Income
.
.
12.
Amount of Franchise and Income Tax Due
00
00
.
.
13.
Enter Amount of Credits Not Subject to 50% Limit
00
00
.
.
14.
Line 12 minus Line 13, but not less than zero
00
00
.
.
15.
Multiply Line 14 by 50%
00
00
.
.
16. Enter the Lesser of Line 11 or Line 15
00
00
If Line 11 exceeds Line 15, complete Part 3; otherwise,
enter the amount of Line 16 on Line 27
Part 3.
Amount of Each Credit Taken in the Current Period
Allocate the total credits available in Part 1 by entering the amount of each credit actually taken in the current period.
,
,
.
,
,
.
17. Creating Jobs
00
00
,
,
.
,
,
.
18. Investing in Machinery and Equipment
00
00
,
,
.
,
,
.
19. Research and Development
00
00
,
,
.
,
,
.
20. Worker Training
00
00
21. Investing in Central Administrative Office Property
,
,
.
,
,
.
00
00
,
,
.
,
,
.
22. Investing in Business Property
00
00
23. Investing in Renewable Energy Property
,
,
.
,
,
.
00
00
,
,
.
,
,
.
24. Low Income Housing
00
00
,
,
.
,
,
.
25. Technology Commercialization
00
00
26.
Other Tax Credits Subject to 50% Limit
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
Fill in applicable circles:
,
,
.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
00
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
N.C. Ports
Cigarettes for Export
Energy Facility
27.
Total Tax Credits Subject to 50% Limit
,
,
.
,
,
.
00
00
Taken in Current Period
(Must equal Line 16)
Part 4.
Cost of Business and Renewable Energy Property
Complete Lines 28 and 29 only if you claimed a tax credit for Investing in Business Property or Renewable Energy Property on Line 6 or 7.
,
,
,
28.
Cost of business property placed in service during the current
.
period for which the credit on Line 6 is allowed
00
(From NC-478F, Part 1, Line 1)
,
,
,
29.
Cost of renewable energy property placed in service during the current
.
period for which the credit on Line 7 is allowed
00
(From NC-478G, Part 1, Line 1 or Part 2, Line 1)
Part 5.
Certification
I certify that the taxpayer filing forms in the NC-478 series and accompanying schedules meets the requirements for claiming the tax credits and that
the information given on these documents is, to the best of my knowledge, accurate and complete.
Signature of Taxpayer or Authorized Agent
Date
NC
478
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