High-Technology Investment Tax Credit Worksheet For Tax Year 2015 36 M.r.s. 5219-M - Maine

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HIGH-TECHNOLOGY INVESTMENT TAX CREDIT
WORKSHEET FOR TAX YEAR 2015
36 M.R.S. § 5219-M
TAXPAYER NAME: _____________________________________ EIN/SSN: ________________
Note: Owners of pass-through entities (such as partnerships, LLCs, S corporations, and trusts) making an eligible
investment, see instructions. Enter name and ID number of the entity on the lines below. Also enter your ownership
percentage in the pass-through entity for the tax year.
OWNERSHIP
NAME OF PASS-THROUGH ENTITY
EIN/SSN
PERCENTAGE
_______________________________________________
_______________________
________ %
1.
Carryforward from previous year ........................................................................................................... 1. _____________________
2.
Investment credit base for purchased eligible equipment ..................................................................... 2. _____________________
3.
Amount of investment credit base from line 2 also claimed as a business
deduction for federal tax purposes. Enter here and on Form 1120ME, line
4g or 1040ME, Schedule 1, line 1h or Form 1041ME, Schedule 1, line 1g .......................................... 3. _____________________
4.
Lease payments on eligible equipment ................................................................................................. 4. _____________________
5.
Total credit available this year. Line 1 plus line 2 plus line 4 ................................................................ 5. _____________________
6.
2015 tax (Form 1120ME, line 7a plus credit recapture amounts included in line 7b or
Form 1040ME, line 21 or Form 1041ME, Schedule A, line 18) ............................................................. 6. _____________________
7.
2014 tax (Form 1120ME, line 7a plus credit recapture amounts included in line 7b or
Form 1040ME, line 21 or Form 1041ME, Schedule A, line 15) ............................................................. 7. _____________________
8.
Other 2014 credits (Form 1120ME: line 8e plus Schedule C, line 29o minus Schedule C
line 29i; Form 1040ME: lines 25c and 25d plus Schedule A, line 20 minus Schedule A,
line 14; Form 1041ME: Schedule A, line 14 minus line 8 plus any amount of the Rehabilitation
of Historic Properties Tax Credit claimed on Form 1041ME, line 7a). If zero or less, enter zero .......... 8. _____________________
9.
2014 tax less other credits (line 7 minus line 8) .................................................................................... 9. _____________________
10. Subtract line 9 from line 6 and enter the difference here. If zero or less, enter zero .......................... 10. _____________________
11. Other 2015 credits (Form 1120ME: line 8c plus 8e minus Schedule C, line 29h and the family
development account credit included in Schedule C, line 29n; Form 1040ME: lines 25c and 25d
plus Schedule A, line 21 minus the super credit for substantially increase research included in
Schedule A, line 16 and the family development account credit included in Schedule A, line 20;
Form 1041ME: Schedule A, line 4 plus line 19 minus any amounts included in Schedule A lines 12
or 16 related to the super credit for substantially increased research or the family development
account credit). If zero or less, enter zero ........................................................................................... 11. _____________________
12. 2015 tax less other credits (line 6 minus line 11). If zero or less, enter zero ...................................... 12. _____________________
13. Credit amount. Enter the lowest of line 5, line 10, line 12 or $100,000.
(Enter allowable credit on Form 1120ME, Schedule C, line 29i or Form
1040ME, Schedule A, line 15 or Form 1041ME, Schedule A, line 11) ................................................ 13. _____________________
Unused credit amounts may be carried forward for up to fi ve taxable years.
Rev. 08/15

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