Research Expense Tax Credit Worksheet For Tax Year - 2008

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RESEARCH EXPENSE TAX CREDIT
WORKSHEET FOR TAX YEAR 2008
36 M.R.S.A. § 5219-K
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
________________________________________________________________
____________________________
1.
Basic research payments in excess of the federal base that were spent for research
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 qualifi ed research expenses spent for research conducted in Maine included
on federal Form 6765, Section A, line 9 or Form 6765, Section B,
line 28 .............................................................................................................................. 3. ____________________
4.
Total qualifi ed research expenses spent on research conducted in Maine for
the three previous years. For calendar year fi lers, these are (for short tax years,
see instructions):
2007 _______________
2006 _______________
2005 _______________
Total________________ ÷3 = Base amount ................................................................. 4. ____________________
5.
Qualifi ed research expenses in excess of base amount (Line 3 minus line 4) ............... 5. ____________________
6.
Qualifi ed 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. 11/08

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