Form NC-478-SUM Fillable Summary of Tax Credits Limited to 50% of Tax - instructions
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

(Article 3J) 00 00 1 Creating Jobs 00 11 Small Business Health Insurance 00 00 19 Other Tax Credits Subject to 50% LimitFill in applicable circles: 2 Investing in Machinery and Equipment 00 00 20 00 00 21 Amount of Franchise and Income Tax Due 22 Enter Amount of Credits Not Subject to 50% Limit 23 Line 21 minus Line 22 but not less than zero 24 Multiply Line 23 by 50% 25 Enter the Lesser of Line 20 or Line 24 26 Creating Jobs 27 Investing in Machinery and Equipment 00 00 29 N C Research and Development 00 00 30 00 00 31 Investing in Business Property 32 00 00 33 Low Income Housing 00 00 34 Technology Commercialization 00 00 35 Renewable Fuel Facility 00 00 36 Small Business Health Insurance 00 00 37 Work Opportunity 00 00 38 Constructing a Railroad Intermodal Facility 00 00 39 Investing in Real Property 00 00 40 Biodiesel Producers 00 00 41 Donate Funds to Nonprofit Organizations 00 00 44 Other Tax Credits Subject to 50% Limit 45 00 00 5 00 00 6 Investing in Business Property 7 00 00 8 Low Income Housing 00 00 a Article 3A 00 a Article 3A 00 00 Add Lines 1 through 19 Add Lines 26 through 44; total can not exceed Line 25 Amended Return Amount of Each Credit Taken in 2014 (Allocate the credits available in Part 1 by entering the amount of each credit actuallytaken in 2014 ) b Article 3J 00 00 Biodiesel Producers15 00 00 Cigarettes for Export Cigarettes for Export 00 00 Cigarettes for Export While Cigarettes for Export While Increasing Employment 00 00 Constructing a Railroad Intermodal Facility13 00 00 continue to take the remaining installments and carryforwards of prior years credits by completing Part 1 See instructions for details ) corresponds to thetax form you filed: Donate Funds to Nonprofit Organization16 00 00 Energy Property Entity s Legal Name (USE CAPITAL LETTERS ) Estate or Trust (D 407) Facility Property Federal Employer ID Number Fill in applicable circles: Fill in the circle that For calendar year 2014 or other tax year beginning and ending1 4 Franchise Income I certify that the taxpayer filing forms in the NC 478 series and accompanying schedules meets the requirements for claiming the tax credits and that Increasing Employment Individual (D 400) C Corp (CD 405) Individual s First Name (USE CAPITAL LETTERS ) M I Individual s Last Name (USE CAPITAL LETTERS ) Individual s Social Security Number Insurance (IB 13 33 43 53 4A1 4A2 or 4A3) Interactive Digital Media18 00 00 Interactive Digital Media43 00 00 Investing in Central Office or Aircraft Investing in Real Property14 00 00 Investing in Renewable N C Ports N C Research and Development4 00 00 NC 478 2014 Summary of Tax Credits Limited to 50% of Tax Page 2 NC 478 Web 2014 Name SSN or FEIN Part 1 Part 2 Computation of 50% Limit Franchise Income Part 3 Renewable Energy Property Facility17 00 00 Renewable Energy Property Facility42 00 00 Renewable Fuel Facility10 00 00 Research and Development (Article 3A)28 00 00 Research and Development (Article 3A)3 00 00 S Corp (CD 401S) Partnership (D 403) Signature of Taxpayer or Authorized Agent Date Substantial Investment Tax Credits Subject to 50% of Tax Limit (Most of the credits listed below expired on or before January 1 2014 Taxpayers may Technology Commercialization 9 00 00 the information given on these documents is to the best of my knowledge accurate and complete Total Tax Credits Subject to 50% Limit Web North Carolina Department of Revenue Work Opportunity 12 00 00