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Form NC-478I Fillable Tax Credit - Research and Development - instructions
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
2 Credit amount for Eco Industrial Park research expenses (Fill in applicable circles ) (If you complete Part 2 do not complete Parts 3 4 or 5 for the same expenses This credit must be taken in 2014 ) (If you complete Part 3 do not complete Parts 2 4 or 5 for the same expenses This credit must be taken in 2014 ) (If you complete Part 4 do not complete Parts 2 3 or 5 for the same expenses This credit must be taken in 2014 ) (If you complete Part 5 do not complete Parts 2 3 or 4 for the same expenses This credit must be taken in 2014 ) 0024 a Credit for Interactive Digital Media 12 Total qualified Interactive Digital Media expenses 13 Expense threshold 19 Maximum Credit 21 Credit for N C Research and Development 4 Credit amount for N C university research expenses 5 0 0 0 0 7 5 0 0 0 0 0 Add Lines 21 and 22; enter here and on Amount of Line 14 paid to a participating community college at which Credit is Generated Average weekly wage ofall jobs at this establishment b Carryforwards c Credit Amount to Take in Tax Year 2014 Carryforwards Computation of Credit for Research Performed in an Eco Industrial Park Credit amount for Interactive Digital Media Credit amount for N C small business research expenses Credit amount for other qualified Interactive Digital Media expenses Credit amount for qualified Interactive Digital Media Credit amount for qualified North Carolina low tier research expenses Credit amount for qualified North Carolina other research expensesMultiply Line 10 by the applicable percentage(s) below; add the amounts and enter sum Credit Amount to Take in Tax Year 2014 Eco Industrial Park Enter amount from Line 24b here and on Enter amount from Part 6 Line 20 Enter lesser of Line 16 plus Line 18 or Line 19 Enter the amount from Part 2 Line 2 Part 3 Line 4 Excess of qualified Interactive Digital Media expenses over applicable threshold expenses paid to a community college or research university Form NC 478 Part 1 Line 18 Form NC 478 Part 1 Line 4 Health insurance carrier Health insurance policy number Legal Name (First 10 Characters) SSN or FEIN Line 12 minus Line 13 If zero or less stop here; you are not eligible for the credit Line 14 minus Line 15 Line 7 minus Line 8 Low tier Research Multiply Line 1 by 35 0% Multiply Line 15 by 20 0% Multiply Line 17 by 15 0% Multiply Line 3 by 20 0% Multiply Line 5 by 3 25% Multiply Line 8 by 3 25% Multiply the amount over $200 million by 3 25% Multiply the amount over $50 million but no more than $200 million by 2 25% Multiply the first $50 million by 1 25% Name Address and County NC 478I 2014 Tax Credit NC 478I Web 9 14 North Carolina Department of Revenue NOTAPPLICABLE or research university Other Other Business InformationType of Research Expenses Page 2 Part 1 Part 2 Part 3 Computation of Credit for North Carolina University Research Expenses Part 4 Computation of Credit for Qualified North Carolina Small Business Research Expenses Part 4 Line 6 OR the sum of Part 5 Lines 9 and 11 Part 5 Computation of Credit for Qualified North Carolina Low Tier and Other Research Expenses Part 6 Computation of Credit for Interactive Digital Media (The credit for interactive digital media is repealed effective for taxable Part 7 Franchise IncomeComputation of Amount To Be Taken in 2014 Portion of credit not taken from previous years Qualifying Information Small Business SSN or FEINName Total N C university research expenses3 Total other qualified Interactive Digital Media expenses Total qualified Eco Industrial Park research expenses1 Total qualified N C small business research expenses 5 Total qualified North Carolina low tier and other research expenses Total qualified North Carolina low tier research expenses Total qualified North Carolina other research expenses University Research Wage standard for countywhere R & D is conducted Web Research and Development years beginning on or after January 1 2014 Taxpayers may continue to take the remaining carryforwards of prior years credits by completingPart 7 )