Rehabilitation Of Historic Properties Tax Credit Worksheet - 2004

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2004
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 5. 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 16. 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 _______________
8.
Credit limitation ........................................................................................................................... 8 _______________
$100,000
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. 01/05

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