Instructions For Form D-400 - North Carolina Individual Income Tax

Instructions For Form D-400 - North Carolina Individual Income Tax - 2013 Page 21

General Information for Claiming Tax Credits - Form D-400TC

Page 21

Natural Resources. The credit is $1.00 per bushel of oyster shells donated. The credit is limited to the tax liability and any unused portion of the credit can

be carried forward for the succeeding five years.

To support the credit, a taxpayer must obtain a certification by the Department of Environment and Natural Resources stating the number of bushels

of oyster shells that were donated. A taxpayer who claims the credit must include in other additions any amount deducted for the donation of the oyster

shells.

Business Incentive and Energy Tax Credits (Limited to 50% of Tax Liability)

The following tax credits are available as incentives to new and expanding businesses or for investing in renewable energy property or low-income

housing. If you believe you are entitled to one or more of the tax credits, contact the Department for Form NC-478 Series or you may download the forms

from our website at Form NC-478 Series is used to calculate and report tax credits that are limited to 50% of your tax less the sum of

all other tax credits that you claim. Complete the form and attach it to the front of your income tax return.

Do not enter a qualified business investment tax credit on Line 36. Tax credits for qualified business investments are claimed on Line 24. If you

are entitled to one of the following tax credits, enter the amount of the credit on Form D-400TC, Line 36.

* • Credit for investing in machinery and equipment

*• Credit for investing in low-income housing

• Credit for creating jobs

• Credit for use of North Carolina ports

• Credit for business property

• Credit for investing in renewable energy property

• Credit for real property

• Credit for work opportunity