Maine Capital Investment Credit Worksheet - 2011 printable pdf download

Maine Capital Investment Credit Worksheet - 2011

MAINE CAPITAL INVESTMENT CREDIT

WORKSHEET FOR TAX YEAR 2011

36 MRSA § 5219-GG

Read the instructions before completing this worksheet.

Attach copy of Federal Form 4562.

TAXPAYER NAME: _____________________________________ EIN/SSN: ________________

Note:

Owners of pass-through entities (partnerships, LLCs, corporations, trusts) making an eligible investment, see

instructions. A nonresident owner of a pass-through entity participating in a Maine composite return may not claim

this credit. For more information on composite ﬁ ling, see Maine Revenue Services Rule 805 at

revenue/rules/homepage.html. If not participating in a composite ﬁ ling, enter name and ID number of the pass-

through entity on the lines below.

NAME OF PASS-THROUGH ENTITY

EIN/SSN

________________________________________________________________

____________________________

Depreciation allowance claimed on 2011 federal Form 4562, line 14 plus line 25 ......... 1. _____________________

Amount on line 1 associated with property placed in service in Maine. (also enter

this amount on Form 1040ME, Schedule 1, line 1f or Form 1120ME, line 4e;

Form 1041ME, Schedule 1, line 1f) ................................................................................. 2. _____________________

Note: Do not claim this credit if you transferred the Maine property out-of-state or otherwise removed the property

from use during the tax year. Also do not claim the credit if you plan to transfer the property out-of-state or remove

the property from use after the tax year within 12 months of placing the property into service in Maine. Other limita-

tions apply. See instructions.

Total available credit (line 2 multiplied by 10%). Enter this amount on Form

1040ME, Schedule A, line 11; Form 1120ME, Schedule C, line 29f or

Form 1041ME, Schedule A, line 7 ................................................................................... 3. _____________________

Rev. 3/12

Maine Capital Investment Credit Worksheet - 2011