Schedule A (Form 1041me) - Adjustments To Tax

SCHEDULE A – MAINE TAX ADJUSTMENTS

For more information on Maine tax additions and tax credits, visit

Line 7. MAINE CAPITAL INVESTMENT CREDIT. Businesses

SECTION 1 - TAX ADDITIONS:

placed depreciable property in service in Maine during tax year 2011

Line 1. RETIREMENT PLAN DISTRIBUTIONS. If you choose to

may qualify for this credit.

compute a separate federal tax on a lump-sum distribution from a

retirement plan or are subject to the special federal tax on early

Lines 8, 9 and 10. RESEARCH and HIGH-TECH CREDITS. If

distribution from a qualiﬁ ed retirement plan, you are subject to

your business invested in research, or computer equipment used in

an additional Maine tax equal to 15% of the federal tax. NOTE:

high-tech activity, you may qualify for one or more of these credits.

Distributions of Maine Public Employees Retirement System

Retirement System contributions previously taxed by Maine are not

Line 11. MAINE MINIMUM TAX CREDIT. If you paid minimum tax

subject to this special tax.

in previous years, you may qualify for a minimum tax credit.

Line 2a. MAINE MINIMUM TAX. See instructions and supporting

Lines 12 and 13. VISUAL MEDIA PRODUCTION and PINE TREE

Worksheets available at

or call (207)

DEVELOPMENT ZONE CREDITS. If your business produced

626-8475.

a movie or other type of media production or if you expanded

your business in Maine, you may qualify for one of these credits,

Line 2b. Pine Tree Development Zone Credit. Complete and

certiﬁ ed through the Department of Economic and Community

enclose the worksheet(s) available at

Development.

or call (207) 626-8475.

Line 14. OTHER TAX CREDITS. Enter the sum of the following

SECTION 2 - TAX CREDITS:

credits. List the name of each credit claimed in the space

provided:

NOTE: Tax Credit Worksheets Required. You must complete

and attach a tax credit worksheet for each credit claimed. For more

• Biofuel Production Tax Credit, for DEP-certiﬁ ed production of non-

information on all tax credits and to see the worksheets, visit

www.

fossil fuels • Employer credits for payment of employee expenses

maine.gov/revenue/forms

(select Worksheets for Tax Credits) or

(long-term care insurance, day care expenses, dependent health

calling (207) 626-8475.

beneﬁ ts) • Family Development Account Credit, for contributions

to the FAME-authorized fund • Jobs and Investment Tax Credit, for

An estate or trust is allowed a credit against the tax imposed by 36

creation of 100 jobs and investment of $5 million • Quality Child

MRSA § 5160 in an amount equal to the estate’s/trust’s share of tax

Care Investment Tax Credit, for DHHS-certiﬁ ed investments in child

credits described in 36 MRSA Chapter 822:

care facilities • Forest Management Planning Credit • Maine Fishery

Infrastructure Credit.

Line 5. MAINE SEED CAPITAL TAX CREDIT. If you invested in a

Maine business that you do not own, you may qualify for a credit

Line 17. ALLOWABLE CREDITS. These credits are not refundable.

through the Finance Authority of Maine.

The credits, except for the Pine Tree Development Zone tax credit,

cannot be applied against the Maine minimum tax. The total credits

Line 6. CREDIT FOR EDUCATIONAL OPPORTUNITY. Graduates

claimed cannot exceed the Maine regular income tax otherwise due

of Maine colleges (or employers of qualiﬁ ed graduates) may qualify

for the taxable year.

for a credit based on certain loan repayments made in 2010.

Schedule A (Form 1041me) - Adjustments To Tax - 2011 Page 2

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