Form Nc-478b - Tax Credit Investing In Machinery And Equipment - 2000
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1
2File with NC-478
2000 Tax Credit
NC-478B
Investing in Machinery and Equipment
North Carolina Department of Revenue
10-00
Legal Name (First 10 Characters)
SSN or FEIN
Requirements (See Article 3A of G.S. Chapter 105 and the Corporate Tax Bulletins for more information.)
Be engaged in a type of business listed below
Provide health insurance for all of the full-time positions
at the location where the credit is claimed
Place purchased or leased machinery and equipment
Have a good environmental and OSHA record
(M & E) in service in N.C. during the tax year
Capitalize the M & E if not part of a large
Not lease the M & E to another
investment ($150 million)
Not claim the credit for technology commercialization for
If a large investment ($150 million), capitalize
the same M & E
the M & E or lease it from another
Meet the wage standard for the jobs created at the
Attach a certification of eligibility from the N.C.
location where the M & E are placed in service
Secretary of Commerce
Use a separate Form NC-478B for each tier in which you invested in M & E. If you invested in M & E at more than one
Business Information:
business location in the same tier, complete this section for one location and attach a sheet giving the requested
information for each additional location in the tier.
Type of Business
Name and Address of Business Location
Tier and Status Information
Fill in applicable circle:
Fill in all applicable circles:
Air courier services
Development zone
Tier 1
Central administrative office
Date zone designated
with 40 new jobs
Tier 2
Customer service center in
Tier based on letter of commitment
Tier 1 or Tier 2
Qualifying Information
Date letter signed
Data processing
Tier 3
NAICS Code of Business Location
Electronic mail order house with
Large investment ($150 million)
Wage standard for tier of business
250 new jobs in Tier 1 or Tier 2
Investment at year-end
location at time of application
Tier 4
Manufacturing
Average weekly wage of new jobs
Taxpayer is insurer subject to
Warehousing
gross premiums tax
Tier 5
Health insurance carrier
Wholesale trade
Part 1.
Computation of Eligible Credit Amount for Investing in M & E in 2000
(The first installment of this credit must be taken on the 2001 tax return.)
,
,
.
1.
Cost of M & E purchased or leased and placed in service in N.C. during 2000
00
2.
Cost of all taxpayer’s M & E in service in N.C. on the last day of 2000
,
,
.
00
(Enter here and in Part 4)
3.
Cost of all taxpayer’s M & E in service in N.C. on the last day of the base year
(From Part 4)
,
,
.
00
The base year is that year, of the three years immediately preceding the year in which the
M & E are placed in service, in which the taxpayer had the most M & E in service in N.C.
,
,
.
4.
Line 2 minus Line 3
00
Lesser of Line 1 or Line 4; if Line 4 is zero or less, enter zero
5.
,
,
.
00
(This is your eligible investment amount)
6.
Tier threshold
(Enter amount for applicable Tier)
Tier 1
Tier 2
Tier 3
Tier 4
Tier 5
,
,
.
00
$ -0-
$100,000
$200,000
$500,000
$1,000,000
(If M & E placed in service over 2-year period, see instructions)
7.
Line 5 minus Line 6
,
,
.
(Excess of cost over applicable threshold)
00
If number is zero or less, stop here; you are not eligible for the credit
8.
Eligible Credit Amount for Investment in M & E in 2000
,
,
.
00
Multiply Line 7 by 7%; enter here and the M & E Credit History table in Part 2
9.
Amount of each future installment
,
,
.
00
Divide Line 8 by the number 7 (Credit is taken in 7 installments)
NC
478B
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