Maine Fishery Infrastructure Investment Tax Credit Worksheet For Tax Year 2016 - Maine Revenue Services Page 2


An income tax credit is available for investments in, or contributions to, public fi shery infrastructure projects. The
credit is equal to 50% of the eligible investment or contribution, as certifi ed by the Department of Inland Fisheries
and Wildlife, and must be taken in equal installments over four years. The investment/contribution limit per
project is $5,000,000. The credit taken in any year is limited to 50% of the tax liability for that taxable year prior to
the application of the credit and may not reduce the tax otherwise due to less than zero. Any portion of the credit
left unused due to this limitation may be carried forward for up to 15 years. The credit is subject to recapture and
is prohibited if the taxpayer claims a federal income tax deduction for the investment or contribution.
In the case of pass-through entities (such as partnerships, LLCs, S corporations, and trusts), the partners,
members, shareholders, benefi ciaries or other owners are allowed a credit in proportion to their respective
interests in these entities. If you are a member of a pass-through entity, enter on lines 1a, 1b, 1c and 1d your
share of the tax credit certifi cates reported to you by the entity.
Include a copy of the certifi cate issued to you by the Department of Inland Fisheries and Wildlife with this


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