Form 1120me - Maine Corporate Income Tax Return - 2006 Page 5
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52006
WORKSHEET FOR MAINE FORM 1120ME
SCHEDULE B, LINE 20
MODIFICATION FOR ALTERNATIVE MINIMUM TAX
ADDITIONS:
1.
Income taxes imposed by Maine or any other state (attach schedule) ................................1. __________________
2.
Unrelated expenses (attach schedule) .................................................................................2. __________________
3.
Interest from state and municipal bonds other than Maine ..................................................3. __________________
4.
Net operating loss recovery adjustment ...............................................................................4. __________________
5.
Domestic production activities deduction add-back .............................................................5. __________________
6.
Bonus depreciation/Section 179 expense add-back (see instructions) ................................6. __________________
7.
Other (see instructions) ........................................................................................................7. __________________
8.
TOTAL ADDITIONS (add lines 1 through 7) .........................................................................8. __________________
DEDUCTIONS:
9.
Nontaxable interest ..............................................................................................................9. __________________
10.
Foreign dividend gross-up ..................................................................................................10. __________________
11.
Work Opportunity Credit and Empowerment Zone Credit
(attach federal Form 5884 and/or Form 8844, as appropriate) .......................................... 11. __________________
12.
Income not taxable under the Constitution of Maine or the U.S. ........................................12. __________________
13.
Dividends from certain affi liated corporations (limitations - see instructions) .....................13. __________________
14.
Alternative minimum tax net operating loss deduction carryover
(limitations - see instructions) .............................................................................................14. __________________
15.
Income from ownership interest in pass-through entity fi nancial institutions
subject to Maine Franchise Tax (see instructions) .............................................................15. __________________
16.
State income tax refunds ....................................................................................................16. __________________
17.
Northern Maine transmission corporation adjustment (see instructions) ...........................17. __________________
18.
Bonus depreciation/Section 179 expense recapture (see instructions) .............................18. __________________
19.
TOTAL DEDUCTIONS (add lines 9 through 18) ................................................................19. __________________
20.
ADJUSTMENT FOR MAINE INCOME MODIFICATIONS (line 8 minus line 19)
Enter here and on Form 1120ME, line 20 (may be a negative number) ............................20. __________________
Rev. 01/07
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