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Form NC-478J Tax Credit - Creating New Jobs (instructions)
$1 750 $12 500 $13 500 $5 000 $6 000 (Include all counties) (Multiply Line 7 by credit amount for the applicable Tier from the table below) 1/4 of the 2008 Credit Amount 1/4 of the 2009 Credit Amount 1/4 of the 2010 Credit Amount 1/4 of the 2011 Credit Amount 11 12 1st Installment of 2011 Credit 2012 Tax Credit 2nd Installment of 2010 Credit 3rd Installment of 2009 Credit 4th Installment of 2008 Credit Add Line 8 and Line 15; enter here and in the Jobs Credit History Table Part 3 Add Lines 18 22; enter here and on Form NC 478 Amount of each future installment Average number of full time employees in NC during 2011 Average number of full time employees in NC during 2012 Carryforwards Carryforwards Taken Carryforwards to Compare the number of jobs on Line 5 with the amount on Line 6 If the number of jobs on Line 5 is less than the amount on Line 6 skip Lines 7 and 8 and go to Line 9 If the number of jobs on Line 5 is greater than or equal to Line 6 enter the number of jobs from Line 5 Compare the number of jobs on Line 9 with the amount on Line 10 If the number of jobs on Line 9 is less than the amount on Line 10 skip Lines 11 through 15 and go to Line 16 If the number of jobs on Line 9 is greater than or equal to Line 10 enter the number of jobs from Line 9 Computation of Amount To Be Taken in 2012 Computation of Credit for Jobs Created in 2012 (If you created jobs in more than one county use a separate Form NC 478J for each county The first installment of this credit may not be taken until 2013 ) County where new jobs were created Creating New Jobs Credit Amount Credit amount for each new job created in this county NOT located in Credit Amount to Take in Tax Year 2012 Credit for new jobs located in urban progress or agrarian growth zone Divide Line 16 by the number 4 (Credit is taken in 4 installments) Expired Installments Franchise Franchise Franchise Income Income Income Installments Jobs Credit History Table Legal Name (First 10 Characters) Line 2 minus Line 3; if zero or less stop here; you are not eligible for credit Maximum number of new jobs in NC eligible for credit in 2012 Multiply Line 11 by credit amount for the applicable Tier from the table below Multiply Line 13 by $2 000 NC 478J North Carolina Department of Revenue Number of new jobs included in Line 4 located in this county AND in urban progress or agrarian growth zone Number of new jobs included in Line 4 located in this county but NOT in urban progress or agrarian growth zone Number of new jobs included in Line 9 that are filled by residents of that zone or by individuals who were unemployed for at least 26 consecutive weeks prior to being hired Page 2 Part 1 Part 1 Line 1b Part 2 Part 3 Portion of installment not taken for tax years 2007 2010 SSN or FEIN Take in Future Taken in 2009 Taken in 2010 Taken in 2011 Taken in 2011 Taken in 2012 Taken in 2012 Taken in 2013 Taken in 2013 Taken in 2014 Taken in 2014 Taken in 2015 Taken in 2016 Tax Year Tier 1 Tier 1 Tier 2 Tier 2 Tier 3 Tier 3 Tier threshold for county (Enter amount for applicable Tier) Tier threshold for urban progress or agrarian growth zone Total credit amount for new jobs located in an urban progress or agrarian growth zone in 2012 (Add Line 12 and Line 14) Total Credit for New Jobs Created in this County in 2012 urban progess or agrarian growth zone