Form 1120me - Maine Corporate Income Tax Return

2004

WORKSHEET FOR MAINE FORM 1120ME

SCHEDULE B, LINE 20

MODIFICATIONS 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. Loss, expenses, or deductions from ownership interest in financial institutions

subject to Maine Franchise Tax (see instructions) ................................................................................. 5 ____________________

6. High technology credit add-back (see instructions) .......................................................................... 6 ____________________

7. Bonus depreciation / section 179 expense add-back (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 affiliated 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 financial 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 ____________________