Form Nc-478h - Tax Credit - Low-Income Housing - 2012
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1NC-478H
2012 Tax Credit
Web
Low-Income Housing
11-12
North Carolina Department of Revenue
Legal Name (First 10 Characters)
SSN or FEIN
Part 1. Computation of Credit Amount for Low-Income Housing Awarded a Federal Credit Allocation Before
January 1, 2003
The credit for low-income housing has expired for low-income housing awarded a federal credit before January 1, 2003.
Taxpayers who previously took the credit may continue to take the remaining installments and carryforwards of prior years’
credits by completing Parts 2 and 3. (See the instructions for NC-478H.)
Part 2.
Computation of Amount To Be Taken in 2012
Franchise
Income
,
,
.
,
,
.
6th Installment of 2007 Credit
1.
00
00
From 2007 Form NC-478H, Part 2, Line 9
Carryforwards
2.
,
,
.
,
,
.
Portion of installment not taken for tax
00
00
years 2002-2007
Credit Amount to Take in Tax Year 2012
3.
,
,
.
,
,
.
Add Lines 1 and 2; enter here and on Form
00
00
NC-478, Part 1, Line 8
Part 3. Housing Credit History Table
Tax Year
2007
Credit Amount
Taken in 2007
Franchise
1
st
Income
Taken in 2008
Franchise
2
nd
I
ncome
Taken in 2009
Franchise
3
rd
Income
Taken in 2010
Franchise
4
th
Income
Taken in 2011
Franchise
5
th
Income
Taken in 2012
Franchise
6
th
Income
Carryforwards Taken
Carryforwards to
Take in Future
Expired Installments
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