Research Expense Tax Credit Worksheet - State Of Maine

Research Expense Tax Credit Worksheet - State Of Maine - 2005

2005

RESEARCH EXPENSE TAX CREDIT

WORKSHEET

36 M.R.S.A. § 5219-K

TAXPAYER NAME: _____________________________________ EIN/SSN: _________________

Note: Owners of pass-through entities (partnerships, LLCs, S corporations, trusts, etc.) mak-

ing 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

______________________________________________________

____________________________

1. Basic research payments in excess of the federal base that were spent for res-

earch conducted in Maine included on federal Form 6765, Section A, line 4 or

Form 6765, Section B, line 21. If research is conducted both in and outside of

Maine, see instructions on how to calculate the amount to enter on this line. .... 1. _____________

2. Basic Research payments credit: Line 1 x 7.5% (0.075) ............................ 2. _____________

3. Total qualified research expenses spent for research conducted in Maine in-

cluded on federal Form 6765, Section A, line 9 or Form 6765, Section B,

line 27............................................................................................................. 3. _____________

4. Total qualified research expenses spent on research conducted in Maine for

the three previous years. For calendar year filers, these are (

for short tax years,

see instructions

2004 ______________

2003 ______________

2002 ______________

Total ______________ ÷3 = Base amount .................................................. 4. _____________

5. Qualified research expenses in excess of base amount (

) ....... 5. _____________

Line 3 minus line 4

6. Qualified Research expense credit: line 5 x 5% (0.05) .............................. 6. _____________

7. Carryover from previous years ........................................................................ 7. _____________

8. Total available credit: Line 2 plus line 6 plus line 7. Corporations: if amount

is greater than $25,000, see instructions. Enter allowable credit amount on

Form 1120ME, Schedule C, line 29g or Form 1040ME, Schedule A, line 12 ... 8. _____________

REV. 11.16.05

Research Expense Tax Credit Worksheet - State Of Maine - 2005