Application Form For The Transportation Of Wood Processing Residue From July 1, 2000 To June 30, 2001 - Sawmill Biomass Credit

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SAWMILL BIOMASS CREDIT
APPLICATION FORM
FOR THE TRANSPORTATION OF WOOD PROCESSING RESIDUE FROM JULY 1, 2000 TO JUNE 30, 2001
Tax year beginning:
and ending:
MM
DD
YY
MM
DD
YY
(Note: A separate application form must be filed for each tax year for which a claim is made. An application may be
made only for deliveries made during the tax year and only for deliveries made from July 1, 2000 to June 30, 2001.)
Name as shown on your tax return
Federal Employer ID Number
Address
City
State
ZIP Code
Last Name
Contact Person First Name
Phone Number
A taxpayer that produces merchantable lumber or secondary wood products in Maine may claim a credit of up to $6 per ton of the wood process-
ing residue by-product (bark, sawdust, shavings and wood chips) that is transported to a qualifying facility. A qualifying facility is one that uses
the residue to generate electricity, industrial heat or steam; for landscaping mulch or soil amendment (but not for landfill); for composting of sewer
sludge; to create medium density fiberboard, resin adhesives or other building products; or, to convert the wood by-product to ethanol or other
forms of fuel. A taxpayer that includes, owns or is affiliated with a qualifying facility is not eligible for the credit. The allowable credit is deter-
mined by the number of miles the wood processing residue is transported by the taxpayer to a qualifying facility. The credit amount must be
reduced by amounts received for the wood processing residue. 36 M.R.S.A. §5219-S.
The credit is limited to the tax liability of the taxpayer and may not exceed $500,000 in the aggregate for all taxpayers. Maine Revenue Services will
use this application to determine the apropriate credit amount each taxpayer will receive in accordance with the aggregate cap amount established by
law.
1) Income Tax (Form 1120ME, line 7c or 1040ME, line 23) .....................................................$ _______________
2) Total of other credits (Form 1120ME, line 8c or 1040ME, line 24) ......................................... _______________
3) Line 1 minus line 2............................................................................................................. _______________
4) Dollars per ton of allowable credit (see instructions on back) ................................................ _______________
5) Number of tons of wood processing residue delivered to a facility
for authorized consumption ................................................................................................. _______________
6) Gross credit (line 4 times line 5) .......................................................................................... _______________
7) Payment received for wood processing residue (including transportation) .............................. _______________
8) Available credit (line 6 minus line 7) .................................................................................... _______________
9) Enter the smaller of lines 3 or 8. This is the amount of your credit .......................................$ _______________
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements and to the best of my knowledge and belief they are true, correct and complete. Declaration of
preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
DATE
OFFICER’S SIGNATURE
TITLE
DATE
SIGNATURE OF PREPARER (INDIVIDUAL OR FIRM)
TITLE
Mail this application to: Linda Burke, Maine Revenue Services, 24 State House Station, Augusta, ME 04333-0024

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