Certified Media Production Credit Worksheet For Tax Year - 2006

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CERTIFIED MEDIA PRODUCTION CREDIT
WORKSHEET FOR TAX YEAR 2006
36 M.R.S.A. § 5219-Y
TAXPAYER NAME: _____________________________________ EIN/SSN: ________________
Note: Owners of pass-through entities (partnerships, LLCs, S corporations, trusts, etc.) making an eligible
investment, see instructions. Also, please provide name and ID number of the pass-through entity on the
lines below.
NAME OF PASS-THROUGH ENTITY
EIN/SSN
________________________________________________________________
____________________________
Important: Businesses claiming the Pine Tree Development Zone income tax credit are
not eligible for this credit.
Sole proprietors and taxpayers who are members of pass-through entities: Skip line 1 and line 2 below and see
“Worksheet MPB” before completing
line 3.
1.
Certifi ed media production compensation .......................................................................... 1. ____________________
2.
Total Maine compensation paid by the media production company during the tax year .. 2. ____________________
3.
Media production credit apportionment percentage (divide line 1 by line 2
rounded to six decimals) (If the taxpayer is a sole proprietor or a member of a
.
pass-through entity, see instructions) ........................................................................... 3.
4.
Regular income tax (Form 1120ME, line 7a or Form 1040ME, line 23 reduced by
line 25, and reduced by Schedule A, line 3c and Schedule A, line 8) ................................ 4. ____________________
5.
Certifi ed Media Production Credit (line 4 multiplied by line 3). Enter the result
here and on Form 1120ME, Schedule C, line 29n of Form 1040ME, Schedule A,
line 16 ................................................................................................................................ 5. ____________________
6.
Remaining tax liability available for other credits (line 4 minus line 5) ............................... 6. ____________________
7.
Total other credits available (Form 1120ME, Schedule C Line 29o, excluding line
29e and the Certifi ed Media Production Credit or Form 1040ME Schedule A, line
19, excluding lines16 and 17 ............................................................................................. 7. ____________________
8.
Other credits used this tax year (enter the smaller of line 6 or line 7) ................................ 8. ____________________
Note: Any unused Certifi ed Media Production Credit may not be carried over to other tax years.
Rev. 01/07

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