Maine Minimum Tax Worksheet Instructions Form

*000210400*

2000 MAINE MINIMUM TAX -- Worksheet for Schedule A, Line 3

Enclose a copy of 2000 Federal Form 6251 with your Form 1040ME

(See instructions on back)

*000210400*

Name(s) as shown on Form 1040ME

Your Social Security Number

WHO MUST FILE THIS FORM?

Resident individuals with a federal tentative minimum tax amount on federal Form 6251, line 24; and

nonresident individuals with Maine source income that have a federal tentative minimum tax amount on federal Form 6251, line 24.

Federal Tentative Minimum Tax (line 26, federal Form 6251) ......................................................................................................

____________________

Add: Federal Alternative Minimum Tax Foreign Tax Credit (line 25, federal Form 6251) ............................................................

____________________

Less: Portion of line 1 attributable to income that state or federal law prohibits from taxation (see instructions) ......................

____________________

Adjusted Federal Tentative Minimum Tax (combine lines 1, 2 and 3) ..........................................................................................

____________________

Nonresident and Part-Year Resident Apportionment Factor (Maine residents enter 100%) (See instructions) ......................

Multiply line 4 by line 5, enter result here .....................................................................................................................................

____________________

27%

Rate ...............................................................................................................................................................................................

____________________

State Minimum Tax (Multiply line 6 by line 7) ................................................................................................................................

____________________

Maine Income Tax (Form 1040ME, line 20 less line 25) ..............................................................................................................

____________________

10. Net State Minimum Tax (Subtract line 9 from line 8) ....................................................................................................................

____________________

11. Credit against the Maine Minimum Tax for Minimum Tax paid to other jurisdictions (for Maine residents only).

Enter line E from Worksheet below (see instructions) .................................................................................................................

____________________

12. Maine Minimum Tax (subtract line 11 from line 10 -- if zero or less, enter zero. Enter result on Schedule A, line 3) ................

____________________

Credit Against the Maine Minimum Tax for tax paid to other taxing jurisdictions (Worksheet

for line 11 above

– Maine residents only)

A. Taxpayer’s total income associated with Adjusted Federal Tentative Minimum Tax (line 4 above) ......................................

__________________

B. Taxpayer’s income associated with the Adjusted Federal Tentative Minimum Tax derived from other jurisdiction ..............

__________________

C. Percentage of income taxed by other jurisdiction (divide line B by line A) .............................................................................

D. Limitation of Credit:

1. Net State Minimum Tax (line 10 above) multiplied by percent on line C .........................

______________________

2. Minimum tax paid other jurisdiction on income taxed under the Maine minimum tax ....

______________________

E. Allowable credit, smaller of lines D(1) or D(2). Enter here and on line 11 above ..................................................................

___________________

2000 MAINE MINIMUM TAX CREDIT AND CARRYFORWARD TO 2001 – Worksheet for Schedule A, Line 19

Enclose a copy of 2000 Federal form 8801

13. Enter the amount from line 12 of the 1999 Maine Minimum Tax Worksheet ...............................................................................

___________________

14. Minimum Tax Credit Carryforward from 1999 (1999 Maine Minimum Tax Worksheet, line 21) ...................................................

___________________

15. Enter 1999 Net State Minimum Tax on Federal Exclusion Items (see instructions) ....................................................................

___________________

16. 1999 Adjusted Net State Minimum Tax (line 13 plus line 14 minus line 15 – if zero or less, enter zero) ....................................

___________________

17. Enter 2000 Maine income tax liability (2000 1040ME, line 20 plus line 21 [except minimum tax] minus line 22

minus line 24 [except minimum tax credit]) ..................................................................................................................................

___________________

18. Enter 2000 Maine Minimum Tax (line 8 above) ............................................................................................................................

___________________

19. Subtract line 18 from line 17 (if zero or less, enter zero) .............................................................................................................

___________________

20. Maine Minimum Tax Credit: Enter the smaller of line 16 or 19 here and on Maine Schedule A, line 19 .................................

___________________

21. Maine Minimum Tax Credit Carryforward to 2001 (subtract line 20 from line 16 – see instructions) .....................................

___________________