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Form NC-478K Fillable Tax Credit - Investing in Business Property - instructions
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)
$2 000 000$1 000 000 1 County where eligible business property is placed in service 1/4 of the 2010 Credit Amount 1/4 of the 2011 Credit Amount 1/4 of the 2012 Credit Amount 1/4 of the 2013 Credit Amount 10 Credit amount for investing in business property in this county in 17 00 1st Installment of 2013 Credit 2 Cost of eligible business property purchased or leased and placed 2010 2011 2012 2013 2013 NOT located in an agrarian growth zone urban progress zone 2013NOT APPLICABLE 2nd Installment of 2012 Credit 3 Cost of all eligible business property in service in N C on the last 3rd Installment of 2011 Credit 4 Cost of all eligible business property in service in N C on the last 4th Installment of 2010 Credit 5 Line 3 minus Line 4 (If Line 5 is zero or less enter zero) 6 Eligible Investment Amount Statewide (Enter the lesser of Line 2 or Line 5) 7 Amount of Line 6 located in this county but NOT in an agrarian growth 7% 5% 3 5% 9 14 Investing in Business PropertyNorth Carolina Department of Revenue 9 14 Name SSN or FEIN 9 Excess of eligible investment amount over applicable threshold Add Lines 15 19; enter here and on Form NC 478 Amount of each future installment Amount of Line 6 located in this county AND in an agrarian growth Business Property Credit History Table Part 4 Carryforwards Carryforwards Taken Carryforwards toTake in Future Computation of Credit Amount for Investing in Business Property in 2013 (The credit for investing continue to take the remaining installments and carryforwards of prior years credits by completing Parts 3 and 4 ) Credit Amount Credit Amount to Take in Tax Year 2014 Credit History Table Part 4 day of 2013 (Enter here and in Part 2) day of the base year (From Part 2 see instructions) Divide Line 13 by the number 4 (Credit is taken in 4 installments) Expired Installments Franchise Franchise Franchise IncomeComputation of Amount To Be Taken in 2014 Part 3 in business property is repealed effective for business activities that occur on or after January 1 2014 Taxpayers may in service in N C during 2013 Income Income Installments Legal Name (First 10 Characters) SSN or FEIN Line 7 minus Line 8 If zero or less skip Lines 9 and 10 and go to Line 11 Multiply Line 11 by 7% 12 Multiply Line 9 by percentage for the applicable Tier from the table below NC 478K NC 478K 2014 Tax Credit NOT APPLICABLE or port enhancement zone Page 2 Part 1 Part 1 Line 6 Part 2 Business Property in Service in N C on Last Day of Tax Year Portion of installment not taken from previous years Taken in 2011 Taken in 2012 Taken in 2013 Taken in 2013 Taken in 2014 Taken in 2014 Taken in 2014 Taken in 2015 Taken in 2016 Taken in 2017 Taken in 2015 Taken in 2016 Tax Year Tax Year Amount Tax Year AmountAmountTax Year Tier 1 Tier 2 Tier 3 Tier 2 Tier 3 Tier 1 Tier threshold for county (If property placed in service over 2 year period see instructions)8 Total Credit for Investing in Business Property in This County in 2013Add Line 10 and Line 12; enter here and in the Business Property zone urban progress zone or port enhancement zone