Form Nc-478l - Tax Credit Investing In Real Property - 2012
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1
22012 Tax Credit
NC-478L
Investing in Real Property
Web
North Carolina Department of Revenue
12-12
Legal Name (First 10 Characters)
SSN or FEIN
Part 1.
Computation of Credit for Investing in Real Property in 2012
(If you invested in real property in more than
one county, use a separate Form NC-478L for each county. The first installment of this credit may not be taken until 2013.)
1. Tier 1 county where eligible real property was purchased or leased
and placed in service during 2012
2.
Cost of eligible real property purchased or leased and placed
,
,
.
00
in service in N.C. during 2012
(See instructions if property is leased)
,
,
.
3. Cost of eligible real property in N.C. on the last day of 2012
00
(Enter here and in Part 2)
,
,
.
4. Cost of eligible real property in N.C. on the last day of the base year
00
(From Part 2, see instructions)
,
,
.
(If Line 5 is zero or less, stop here; you are not eligible for credit)
5. Line 3 minus Line 4
00
,
,
.
(Enter the lesser of Line 2 or Line 5)
6. Eligible Investment Amount Statewide
00
,
,
.
7. Amount of Line 6 located in this county
00
8. Percentage of real property used in eligible business in 2012
%
,
,
.
9. Eligible Investment Amount in this County
00
Multiply Line 7 by Line 8
,
,
.
10. Credit Amount for Investment in Real Property in this County in 2012
00
Multiply Line 9 by 30%; enter result here and in the Real Property Credit History Table Part 4
,
,
.
11. Amount of each future installment
00
Divide Line 10 by the number 7 (Credit is taken in 7 installments)
Part 2. Real Property in Service in N.C. on Last Day of Tax Year
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
Tax Year
Amount
2009
2010
2011
2012
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