Super Research And Development Tax Credit Worksheet - Maine Department Of Revenue - 2003

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2003
SUPER RESEARCH AND DEVELOPMENT
TAX CREDIT WORKSHEET
36 M.R.S.A. § 5219-L
TAXPAYER NAME: _________________________________________ EIN/SSN: __________________
Note: Owners of passthrough entities (partnerships, LLCs, S corporations, trusts, etc.)
making an eligible investment, see instructions. Also, please provide name and ID number of the
passthrough entity on the lines below.
EIN/SSN
NAME OF PASSTHROUGH ENTITY
_________________________________________________________
______________________
1.
Total qualified research expenses spent for research conducted in Maine during tax
year 2003 (federal Form 6765, Section A, line 8 or Section B, line 25) ........................
_____________
2.
Super credit base amount
Qualified Research expenses spent for research conducted in Maine for the 3 taxable
years immediately preceding June 12, 1997. For calendar year filers, these are:
1994 _______________
1995 _______________
1996 _______________
Total _______________
÷ 3 = _______________ x 1.5 = Super credit base amount .....................................
_____________
3.
Qualified research expenses in excess of super credit base amount
(subtract line 2 from line 1) ..........................................................................................
_____________
4.
Carryover from previous years (see instructions) ..........................................................
_____________
5.
Total credit available this year (add line 3 and line 4) ....................................................
_____________
6.
2003 tax after other credits (Form 1120ME, line 7c minus other credits claimed
on Schedule C, or Form 1040ME, line 23 minus other credits claimed on Schedule A).
_____________
7.
Line 6 x 50% (0.50) ................................................................................................... _____________
8.
Year 2002 tax less credits
(2002 Form 1120ME, line 7c minus 8c, or 2002 Form 1040ME, line 26) .................... _____________
9.
Subtract line 8 from line 6 and enter the difference here ................................................ _____________
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 17) ....................................................................................................
_____________
Rev. 12/03

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