Pine Tree Development Zone Tax Credit Worksheet

2005

PINE TREE DEVELOPMENT ZONE

TAX CREDIT WORKSHEET

36 M.R.S.A. § 5219-W

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

_________________________________________________________

___________________________________

Individual taxpayers that are members of pass-through entities skip lines 1 through 6 and see Worksheet PTE before

completing line 7.

1. Pine Tree Development Zone property. .............................................................................. 1. __________________

2. All Maine property. ............................................................................................................ 2. __________________

3. Pine Tree Development Zone payroll. ............................................................................... 3. __________________

4. All Maine payroll. .............................................................................................................. 4. __________________

5. Apportionment numerator (line 1 + line 3). ....................................................................... 5. __________________

6. Apportionment denominator (line 2 + line 4). .................................................................... 6. __________________

7. Pine Tree Development Zone apportionment percentage (line 5

line 6)

(If individual taxpayer, see instructions). ........................................................................... 7. __________________

8. Regular income tax (Form 1120ME, line 7a or Form 1040ME, line 23 less Schedule A,

line 3c). ............................................................................................................................ 8. __________________

9. Maine minimum tax (Form 1120ME, line 28a or Form 1040ME, Schedule A, line 3a). ..... 9. __________________

10. Pine Tree Development Zone credit against regular tax (line 7 x line 8). Enter here and

on Form 1120ME, Schedule C, line 29o or Form 1040ME, Schedule A, line 17. ............ 10. __________________

11. Pine Tree Development Zone credit against Maine minimum tax (line 7 x line 9). Enter

here and on Form 1120ME, Schedule B, line 28b or Form 1040ME, Schedule A, line

3b. .................................................................................................................................. 11. __________________

12. Total Pine Tree Development Zone credit (line 10 + line 11). ........................................... 12. __________________

13. Remaining tax liability available for other credits (line 8 – line 10). ................................. 13. __________________

14. Total other credits available (Form 1120ME, Schedule C, line 29p minus line 29o or

Form 1040ME, Schedule A, line 19 minus line 17). ........................................................ 14. __________________

15. Other credits used this tax year (enter the smaller of line 13 or line 14). ........................ 15. __________________

16. Credits available for carryover (line 14 – line 15). ............................................................ 16. __________________

Rev. 12.6.05

Pine Tree Development Zone Tax Credit Worksheet - 2005

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