Form Nc-478k - Tax Credit Investing In Business Property - 2011
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1
22011 Tax Credit
NC-478K
Investing in Business Property
Web
11-11
North Carolina Department of Revenue
Legal Name (First 10 Characters)
SSN or FEIN
Part 1.
Computation of Credit Amount for Investing in Business Property in 2011
(If you invested in
business property in more than one county, use a separate Form NC-478K for each county. The first installment of this
credit may not be taken until 2012.)
1. County where eligible business property is placed in service
,
,
.
2. Cost of eligible business property purchased or leased and placed
00
in service in N.C. during 2011
,
,
.
3. Cost of all eligible business property in service in N.C. on the last
00
day of 2011
(Enter here and in Part 2)
,
,
.
4. Cost of all eligible business property in service in N.C. on the last
00
day of the base year
(From Part 2, see instructions)
,
,
.
5. Line 3 minus Line 4
00
(If Line 5 is zero or less, enter zero)
,
,
.
6. Eligible Investment Amount Statewide
(Enter the lesser of Line 2 or Line 5)
00
,
,
.
7. Amount of Line 6 located in this county but NOT in an
00
agrarian growth or urban progress zone
8.
Tier threshold for county
(If property placed in service over 2-year period, see instructions)
,
,
.
Tier 2
Tier 3
Tier 1
00
$ -0-
$1,000,000
$2,000,000
,
,
.
9. Excess of eligible investment amount over applicable threshold
00
Line 7 minus Line 8. If zero or less, skip Lines 9 and 10 and go to Line 11.
10. Credit amount for investing in business property in this county in 2011
NOT located in an agrarian growth zone or urban progress zone
Multiply Line 9 by percentage for the applicable Tier from the table below.
,
,
.
Tier 1
Tier 2
Tier 3
00
7%
5%
3.5%
,
,
.
11.
Amount of Line 6 located in this county AND in an agrarian
00
growth zone or urban progress zone
,
,
.
12.
Multiply Line 11 by 7%
00
,
,
.
13.
Total Credit for Investing in Business Property in This County in 2011
00
Add Line 10 and Line 12; enter here and in the Business Property
Credit History Table Part 4
,
,
.
14.
Amount of each future installment
00
Divide Line 13 by the number 4 (Credit is taken in 4 installments)
Part 2. Business Property in Service in N.C. on Last Day of Tax Year
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
2008
2009
2010
2011
File with NC-478
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