Rehabilitation Of Historic Properties Tax Credit Worksheet - State Of Maine

2005

REHABILITATION OF HISTORIC PROPERTIES

TAX CREDIT WORKSHEET

36 M.R.S.A. § 5219-R

TAXPAYER NAME: _____________________________________________ EIN/SSN: _______________

Note:

Owners of pass-through entities (partnerships, LLCs, S corporations, trusts, etc.) making an eligible

investment, see instructions. Also, please provide name and ID number of the pass-through entity on

the lines below.

NAME OF PASS-THROUGH ENTITY

EIN/SSN

__________________________________________________________________

___________________________________

Check if not filing federal Form 3800. Attach copy of federal Form 3468.

Check if filing federal Form 3800. Attach copy of federal Forms 3468 and 3800.

1. If not filing federal Form 3800, enter the amount from federal Form 3468, line 1c that relates

to certified historic structures located in Maine. If filing federal Form 3800, enter the amount

from line 1a that relates to certified historic structures located in Maine .................................. 1. ______________

2. If not filing federal Form 3800, enter the amount from federal Form 3468, line 1e that relates

to certified historic structures located in Maine. If filing federal Form 3800, enter the amount

from line 6 that relates to certified historic structures located in Maine ..................................... 2. ________________

3. Add lines 1 and 2, enter the total here ..................................................................................... 3. ________________

4. If not filing federal Form 3800, enter the amount from federal Form 3468, line 7. If filing

federal Form 3800, enter the amount from line 8 ...................................................................... 4. ________________

5. Divide the amount on line 3 by the amount on line 4, enter the result here ............................... 5.

6. If not filing federal Form 3800, enter the amount from 3468, line 18. If filing federal Form

3800, enter the amount from line 19 ......................................................................................... 6. ________________

7. Multiply the amount on line 6 by the percent on line 5. Enter the result here ............................ 7. ________________

$100,000

8. Credit limitation ........................................................................................................................ 8. ________________

9. Enter the lesser of line 7 or line 8. (Corporate taxpayers, enter this amount on Form

1120ME, Schedule C, line 29m. Individuals, enter this amount on Form 1040ME,

Schedule A, line 18) ................................................................................................................. 9. ________________

CARRYFORWARD OR CARRYBACK OF EXCESS CREDIT AMOUNTS ARE NOT ALLOWED

RECAPTURE OF INVESTMENT CREDIT

1. Federal recapture amount with respect to Maine Certified Historic Structures.

Complete a pro forma federal Form 4255 with respect to Maine Certified Historic Structures

subject to federal recapture during the taxable year. However, do not complete lines 1 and 2

of federal Form 4255, enter on line 3 for each column the original Maine credit claimed

(cannot exceed $100,000). Then complete lines 4-13 following the federal instructions for

each line. Enter the line 13 amount here and on Form 1120ME, line 7b or Form 1040ME,

Schedule A, line 1 ................................................................................................................... 1. ________________

ATTACH A COPY OF PRO FORMA FEDERAL FORM 4255

Rev. 03.22.06

Rehabilitation Of Historic Properties Tax Credit Worksheet - State Of Maine - 2005

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