Form Super Research And Development Tax Credit Worksheet For Tax Year 2006

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SUPER RESEARCH AND DEVELOPMENT TAX CREDIT
WORKSHEET FOR TAX YEAR 2006
36 M.R.S.A. § 5219-L
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
________________________________________________________________
____________________________
1.
Total qualifi ed research expenses spent for research conducted in Maine
during tax year 2006 (federal Form 6765, Section A, line 9 or Section B, line 27) ................. 1. __________________
2.
Super credit base amount
Qualifi ed Research expenses spent for research conducted in Maine for the 3
taxable years immediately preceding June 12, 1997. For calendar year fi lers,
these are:
1994 ____________
1995 ____________
1996 ____________
Total ____________ ÷ 3 = _____________x 1.5 = Super credit base amount ................... 2. __________________
3.
Qualifi ed research expenses in excess of super credit base amount
(subtract line 2 from line 1) ..................................................................................................... 3. __________________
4.
Carryover from previous years (see instructions) ................................................................... 4. __________________
5.
Total credit available this year (add line 3 and line 4) ............................................................. 5. __________________
6.
2006 tax after other credits (Form 1120ME, line 7a minus other credits claimed
on Schedule C, or Form 1040ME, line 23 minus Schedule A, Line 3c, minus
other credits claimed on Schedule A) ..................................................................................... 6. __________________
7.
Line 6 x 50% (0.50) ................................................................................................................. 7. __________________
8.
Year 2005 tax less credits (2005 Form 1120ME, line 7c minus 8c, or 2005 Form
1040ME, line 26) ..................................................................................................................... 8. __________________
9.
Subtract line 8 from line 6 and enter the difference here ........................................................ 9. __________________
10. Credit Amount: Enter the smaller of line 5, line 7, or line 9 (enter here and on
Form 1120ME, Schedule C, line 29h or Form 1040ME, Schedule A, line 13) ...................... 10. __________________
Rev. 11/06

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