Pine Tree Development Zone Tax Credit Worksheet

2004

PINE TREE DEVELOPMENT ZONE

TAX CREDIT WORKSHEET

36 M.R.S.A. § 5219-W

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

______________________________________________________

_______________________________

Individual taxpayers that are members of pass-through entities skip lines 1 through 6 and see Worksheet PTE before

completing line 7.

1. Pine Tree Development Zone property ................................................................................. 1 ___________________

2. All Maine property ................................................................................................................. 2 ___________________

3. Pine Tree Development Zone payroll .................................................................................... 3 ___________________

4. All Maine payroll ................................................................................................................... 4 ___________________

5. Apportionment numerator (line 1 + line 3) ............................................................................ 5 ___________________

6. Apportionment denominator (line 2 + line 4) ......................................................................... 6 ___________________

7. Pine Tree Development Zone apportionment percentage (line 5 + line 6)

(If individual taxpayer, see instructions) ................................................................................ 7 ___________________

8. Regular income tax (Form 1120ME, line 7a or Form 1040ME, line23 less Schedule A,

line 3c) ................................................................................................................................... 8 ___________________

9. Maine minimum tax (Form 1120ME, line 28a or Form 1040ME, Schedule A, line 3a) ........ 9 ___________________

10. Pine Tree Development Zone credit against regular tax (line 7 x line 8). Enter here and

on Form 1120ME, Schedule C, line 29o or Form 1040ME, Schedule A, line 17 .................. 10 __________________

11. Pine Tree Development Zone credit against Maine minimum tax (line 7 x line 9). Enter

here and on Form 1120ME, Schedule B, line 28b or Form 1040ME, Schedule A, line 3b ... 11 __________________

12. Total Pine Tree Development Zone credit (line 10 + line 11) ................................................ 12 __________________

13. Remaining tax liability available for other credits (line 8 – line 10) ........................................ 13 __________________

14. Total other credits available (Form 1120ME, Schedule C, line 29p minus line 29o or

Form 1040ME, Schedule A, line 19 minus line 17) ............................................................... 14 __________________

15. Other credits used this tax year (enter the smaller of line 13 or line 14)................................ 15 __________________

16. Credits available for carryover (line 14 – line 15) .................................................................. 16 __________________

Pine Tree Development Zone Tax Credit Worksheet - 2004

Related Articles

Related forms

Related Categories