Seed Capital Investment Tax Credit Worksheet For Tax Year 2006

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SEED CAPITAL INVESTMENT TAX CREDIT
WORKSHEET FOR TAX YEAR 2006
36 M.R.S.A. § 5216-B
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.
Investment Credit certifi cate amounts for investments made September 21, 2001 through
December 31, 2001. _____________________ X .15 (Attach copy of certifi cates) ........................... 1. _____________________
2.
Investment credit certifi cate amounts for investments made January 1, 2002 through
June 30, 2002. __________________________ X .15 (Attach copy of certifi cates) ........................... 2. _____________________
3.
Investment credit certifi cate amounts for investments made January 1, 2003 through
December 31, 2003. ______________________ X .25 (Attach copy of certifi cates) ........................... 3. _____________________
4.
Investment credit certifi cate amounts for investments made January 1, 2004 through
December 31, 2004. ______________________ X .25 (Attach copy of certifi cates) ........................... 4. _____________________
5.
Investment credit certifi cate amounts for investments made January 1, 2005 through
December 31, 2005. ______________________ X .25 (Attach copy of certifi cates) ........................... 5. _____________________
6.
Investment credit certifi cate amounts for investments made January 1, 2006 through
December 31, 2006. ______________________ X .25 (Attach copy of certifi cates) ........................... 6. _____________________
7.
Unused credit amounts carried to 2006 (See instructions) .................................................................... 7. _____________________
8.
Total credit available this year (Add lines 1, 2, 3, 4, 5, 6 and 7). Corporations, enter here
and on Form 1120ME, Schedule C, line 29a, on the Credit Claimed line ............................................. 8. _____________________
9.
Tax before credits (Form 1120ME, line 7a or Form 1040ME, line 23 less Schedule A,
line 3c) ________________________________ X .50 ........................................................................ 9. _____________________
10. Current Year Credit amount: Enter the smaller of line 8 or line 9 (enter here and on
Form 1120ME, Schedule C, line 29a or Form 1040ME, Schedule A, line 9) ....................................... 10. _____________________
11. Carryover: Line 8 minus line 10 plus any unused amount on Form 1120ME, Schedule C
or Form 1040ME, Schedule A. See instructions ................................................................................11. _____________________
12. Amount of credit available for future years relating to credit certifi cates issued for eligible
investments made in 2006.
a. 2007 (line 6 gross certifi cate amount above x .25). Enter total here .......................................... 12a. _____________________
b. 2008 (line 6 gross certifi cate amount above x .25). Enter total here ........................................... 12b. _____________________
c. 2009 (line 6 gross certifi cate amount above x .25). Enter total here ............................................12c. _____________________
13. Recapture
a. The amount of the original credit certifi cate revoked by FAME .................................................... 13a. _____________________
b. The amount of the original credit certifi cate not yet claimed as a credit ...................................... 13b. _____________________
c. Recapture amount. Subtract line 13b from line 13a. Enter amount here. If the amount is
positive, this is the recapture amount. Enter on Form 1120ME, line 7b or Form 1040ME,
Schedule A, line 3c. If the amount is negative, this is the amount of credit still available .............13c. _____________________
Rev. 11/06

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