2005 Clean Fuel Infrastructure Development Tax Credit Worksheet

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2005
CLEAN FUEL INFRASTRUCTURE DEVELOPMENT
TAX CREDIT WORKSHEET
36 M.R.S.A. § 5219-P
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. Qualified expenditures in 2005 ______________ x .25 ................................... 1. ____________
2. Maine taxable income generated from the sale of clean fuels multiplied by
applicable tax rate on Maine taxable income ________ %.. ............................ 2. ____________
Tax Rate Formula:
Tax Liability: _____________ divided by Taxable income: _____________ equals Tax Rate: ____________
(See instructions for details)
3. Credit Amount: Enter the smaller of line 1 or line 2 (
Corporations, enter this amount
) ...................................... 3. ____________
here and on Form 1120ME, Schedule C, line 29l, Credit Claimed
4. Carryforward from previous year ........................................................................ 4. ____________
5. Total credit available this year: Line 3 plus line 4 (
enter here and on Form 1120ME,
) ............................................. 5. ____________
Schedule C, line 29l or Form 1040ME, Schedule A, line 18
6. Carryforward: Line 1 minus line 3 plus any unused amount on Form 1120ME,
Schedule C or Form 1040ME, Schedule A. ........................................................ 6. ____________
Rev. 12.2.05

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