Maine Minimum Tax Worksheet Instructions Form

*000910200*

2000 MAINE MINIMUM TAX — Worksheet for Form 1041ME, Schedule A, line 2

(Attach a copy of 2000 federal Form 1041, Schedule I)

000910200

1. Federal tentative minimum tax (federal Form 1041, Schedule I, line 37) .................................................................................. __________

2. Add: Federal alternative minimum tax foreign tax credit (federal Form 1041, Schedule I, line 36) ....................................... __________

3. Less: Portion of line 1 attributable to income that state or federal law prohibits from taxation (see instructions) .......... __________

4. Adjusted federal tentative minimum tax (add lines 1, 2 and 3) ................................................................................................. __________

5. Nonresident and part-year resident apportionment factor (Maine residents enter 100%) (see instructions) ................. __ __ . __ __ %

6. Multiply line 4 by line 5, enter result here ................................................................................................................................... __________

7. Rate ................................................................................................................................................................................................... __________

27%

8. State minimum tax (multiply line 6 by line 7)........................................................................................................................... __________

9. Maine income tax (Form 1041ME, line 4)................................................................................................................................. __________

10. Net state minimum tax (subtract line 9 from line 8)................................................................................................................. __________

11. Credit against the Maine minimum tax for minimum tax paid to other taxing jurisdictions

(for Maine residents only). Enter line E from worksheet below (see instructions)............................................................. __________

12. Maine minimum tax (Subtract line 11 from line 10. If zero or less, enter zero. Enter result on Schedule A, line 2) ........... __________

Worksheet for Line 11 Above — Maine residents only: Credit against the Maine minimum tax for tax paid to other taxing jurisdiction.

A. Total income associated with adjusted federal tentative minimum tax.............................................................................. __________

B. Income associated with the adjusted federal tentative minimum tax derived from other jurisdiction .......................... __________

C. Percentage of income taxed by other jurisdiction (divide line B by line A) ..................................................................____ __ . __ __ %

D. Limitation of credit:

1. Net state minimum tax (line 10 above) multiplied by percent on line C .........................................

__________

2. Minimum tax paid other jurisdiction on income taxed under the Maine minimum tax................

__________

E. Allowable credit, the smaller of line D(1) or D(2). Enter here and on line 11 above ................................................... __________

2000 MAINE MINIMUM TAX CREDIT AND CARRYOVER TO 2001 — Worksheet for Form 1041ME, Schedule A, line 15

(Attach a copy of 2000 federal Form 8801)

13. Enter the amount from line 12 of the 1999 Maine minimum tax worksheet ............................................................................. __________

14. Minimum tax carryover from 1999 (1999 Maine minimum tax worksheet, line 21) ................................................................. __________

15. Enter 1999 net state minimum tax on federal exclusion items (see instructions) ................................................................... __________

16. 1999 adjusted net state minimum tax (line 13 plus line 14 minus line 15 — if zero or less, enter zero) ............................... __________

17. Enter 2000 Maine income tax liability (2000 Form 1041ME, line 6, excluding minimum tax and minimum tax credit) ................ __________

18. Enter 2000 Maine minimum tax (line 8 above) ............................................................................................................................. __________

19. Subtract line 18 from line 17 (if zero or less, enter zero) ............................................................................................................ __________

20. Maine minimum tax credit: Enter the smaller of line 16 or line 19 here and on Maine Schedule A, line 15 ..................... __________

21. Maine minimum tax credit carryover to 2001 (subtract line 20 from line 16 — see instructions).................................... __________