Super Research And Development Tax Credit Worksheet

2005

SUPER RESEARCH AND DEVELOPMENT

TAX CREDIT WORKSHEET

36 M.R.S.A. § 5219-L

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

_____________________________________________________

____________________________

Total qualified research expenses spent for research conducted in Maine

during tax year 2005 (

) ........... 1. ____________

federal Form 6765, Section A, line 9 or Section B, line 27

Super credit base amount

Qualified Research expenses spent for research conducted in Maine for the 3

taxable years immediately preceding June 12, 1997. For calendar year filers,

these are:

1994 ____________

1995 ____________

1996 ____________

Total _____________ ÷ 3 = x 1.5 = Super credit base amount .................. 2. _____________

Qualified research expenses in excess of super credit base amount

(

) ................................................................................. 3. _____________

subtract line 2 from line 1

Carryover from previous years (see instructions) .......................................... 4. _____________

Total credit available this year (add line 3 and line 4) .................................... 5. _____________

2005 tax after other credits (Form 1120ME, line 7a minus other credits claimed

on Schedule C, or Form 1040ME, line 23 minus Schedule A, Line 3c, minus

other credits claimed on Schedule A). .......................................................... 6. _____________

Line 6 x 50% (0.50) ...................................................................................... 7. _____________

Year 2004 tax less credits (

2004 Form 1120ME, line 7c minus 8c, or 2004 Form

) .............................................................................................. 8. _____________

1040ME, line 26

Subtract line 8 from line 6 and enter the difference here ................................ 9. _____________

10. Credit Amount: Enter the smaller of line 5, line 7, or line 9 (

enter here and on

) ................ 10. _____________

Form 1120ME, Schedule C, line 29h or Form 1040ME, Schedule A, line 13

Rev. 11.16.05

Super Research And Development Tax Credit Worksheet - 2005