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2018 Economic Incentives Report: Small Business Employee Health Insurance (Article 3B)

2018 Economic Incentives Report: Constructing Renewable Fuel Facilities (Article 3B)

2018 Economic Incentives Report: Creating Jobs (Article 3A); Machinery and Equipment Investment (Article 3A); Research and Development (Article 3A); Investing in Central Office or Aircraft Facility (Article 3A); Technology Commercialization (Article 3A); Substantial Investment in Other Property (Article 3A)

The credit for investing in real property expired for taxable years beginning on or after January 1, 2014. The following instructions for completing Part 3 and Part 4 of Form NC-478L apply to taxpayers that continue to take installments of the credit and any unused portion of prior years’ credits.

The credit for investing in business property expired for taxable years beginning on or after January 1, 2014. The following instructions for completing Part 3 and Part 4 of Form NC-478K apply to taxpayers that continue to take installments of the credit and any unused portion of prior years’ credits.

The credit for creating jobs expired for taxable years beginning on or after January 1, 2014. These instructions for completing Part 2 and Part 3 of Form NC-478J apply to taxpayers that continue to take installments of the credit and any unused portion of prior years’ credits.

2017 NC-478 Instructions for NC-478 Series

Most of the tax credits on Form NC-478 expired on or before January 1, 2016. Taxpayers may continue to take the remaining installments and carryforwards of prior years' credits in Part 1 of the form.

These instructions do not cover all provisions of the law. See North Carolina General Statutes 105-129.105 through 105.129.110 for additional information. 

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