Form 1041me - Schedule A - Adjustments To Tax

FORM 1041ME, SCHEDULE A – MAINE TAX ADJUSTMENTS

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

SECTION 1 - TAX ADDITIONS

Line 1. Enter the amount of credits previously used to reduce Maine income tax that are now subject to recapture. Enclose supporting

documentation or applicable worksheet(s) to show the calculation of the amount entered on this line.

SECTIONS 2 and 3 - TAX CREDITS

NOTE: Tax Credit Worksheets Required. You must complete and attach a tax credit worksheet for each credit claimed. For more

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

(select Worksheets for Tax Credits) or call

(207) 626-8475.

An estate or trust is allowed a credit against the tax imposed by 36 M.R.S. § 5160 in an amount equal to the estate’s/trust’s share of tax

credits described in 36 M.R.S. Chapter 822.

Line 2. Rehabilitation of historic properties after 2007. If you have qualiﬁ ed rehabilitation expenditures associated with a historic

structure located in Maine that is placed in service during the tax year, you may qualify for this credit. Enclose worksheet.

Line 3. New Markets Capital Investment Credit. An investor that holds a qualiﬁ ed equity investment certiﬁ cate may be eligible for this

credit. Enclose worksheet.

Line 6. Maine Seed Capital Investment Credit. If you invested in a Maine business of which you are not a principal owner, you may

qualify for a credit through the Finance Authority of Maine. Enclose worksheet.

Line 7. Credit for Educational Opportunity. Graduates of Maine colleges (or employers of qualiﬁ ed graduates) may qualify for a credit

based on certain loan repayments made in 2015. Enclose worksheet.

Line 8. Maine Capital Investment Credit. Businesses that placed depreciable property in service in Maine during tax years 2011, 2012,

2013, 2014 or 2015 may qualify for this credit.

Line 9. Research Expense Tax Credit. If your business invested in research, you may qualify for this credit. Enclose worksheet.

Line 10. Wellness Programs Credit. An employer with 20 or fewer employees that incurred expenses for developing, instituting and

maintaining a wellness program may qualify for this credit. Enclose worksheet.

Line 11. High-technology Credit. If your business invested in computer equipment used in a high-technology activity, you may qualify

for this credit. Enclose worksheet.

Line 12. Carryforward of Certain Credits. Enter on this line unused portions of the Super Credit for Substantially Increased Research

and Development and the Maine Minimum Tax Credit amounts carried forward from prior years. Enclose worksheet(s).

Lines 13 and 14. Media Production and Pine Tree Development Zone Credits. If your business produced a movie or other type of

media production or if you expanded your business in Maine, you may qualify for one of these credits, certiﬁ ed through the Department

of Economic and Community Development.

Line 16. Other Nonrefundable Tax Credits. Enter the sum of the following credits. List the name of each credit claimed in the space

provided:

•

Biofuel Production Tax Credit, for DEP-certiﬁ ed production of non-fossil fuels;

•

Family Development Account Credit, for contributions to the FAME-authorized fund;

•

Jobs and Investment Tax Credit, for creation of 100 jobs and investment of $5 million;

•

Maine Fishery Infrastructure Credit;

• •

Employer credits for payment of employee expenses (long-term care insurance, day care expenses, dependent health beneﬁ ts;

•

Quality Child Care Investment Tax Credit, for DHHS-certiﬁ ed investments in child care facilities. Enclose worksheet(s).

Line 19. Allowable Nonrefundable Credits. The total credits claimed on lines 5 through 16 cannot exceed the Maine regular income

tax otherwise due for the taxable year.

Form 1041me - Schedule A - Adjustments To Tax - 2015 Page 2

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