Maine Research Expense Tax Credit Worksheet For Tax Year 2015
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1
2RESEARCH EXPENSE TAX CREDIT
WORKSHEET FOR TAX YEAR 2015
36 M.R.S. § 5219-K
TAXPAYER NAME: _____________________________________ EIN/SSN: ________________
Note: Owners of pass-through entities (such as partnerships, LLCs, S corporations and trusts) making eligible investments,
see instructions. Enter name and ID number of the entity on the lines below. Also enter your ownership percentage
in the pass-through entity for the tax year.
OWNERSHIP
NAME OF PASS-THROUGH ENTITY
EIN/SSN
PERCENTAGE
_______________________________________________
_______________________
________ %
1.
Basic research payments in excess of the federal base that were spent for research
conducted in Maine included on federal Form 6765, Section A, line 4 or
Form 6765, Section B, line 21. If research is conducted both in and outside of
Maine, see instructions on how to calculate the amount to enter on this line .................. 1. ____________________
2.
Basic research payments credit: Line 1 x 7.5% (0.075) ................................................... 2. ____________________
3.
Total qualifi ed research expenses spent for research conducted in Maine included
on federal Form 6765, Section A, line 9 or Form 6765, Section B, line 28 ...................... 3. ____________________
4.
Total qualifi ed research expenses applied to research conducted in Maine for
the three previous years. For calendar year fi lers, these are (for short tax years,
see instructions):
2014 _______________
2013 _______________
2012 _______________
Total _______________ ÷3 = Base amount ................................................................. 4. ____________________
5.
Qualifi ed research expenses in excess of base amount (Line 3 minus line 4) ................ 5. ____________________
6.
Qualifi ed research expense credit: line 5 x 5% (0.05) ..................................................... 6. ____________________
7.
Carryforward from previous years (see instructions) ....................................................... 7. ____________________
8.
Total available credit: Line 2 plus line 6 plus line 7. Corporations: if amount is greater
than $25,000, see instructions. Enter allowable credit amount on Form 1120ME,
Schedule C, line 29g or Form 1040ME, Schedule A, line 13 or Form 1041ME,
Schedule A, line 9 ............................................................................................................ 8. ____________________
Unused credit amounts may be carried forward for up to 15 years.
Rev. 08/15
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