Form Super Research And Development Tax Credit Worksheet For Tax Year 2006 printable pdf download

SUPER RESEARCH AND DEVELOPMENT TAX CREDIT

WORKSHEET FOR TAX YEAR 2006

36 M.R.S.A. § 5219-L

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

________________________________________________________________

____________________________

Total qualiﬁ ed research expenses spent for research conducted in Maine

during tax year 2006 (federal Form 6765, Section A, line 9 or Section B, line 27) ................. 1. __________________

Super credit base amount

Qualiﬁ ed Research expenses spent for research conducted in Maine for the 3

taxable years immediately preceding June 12, 1997. For calendar year ﬁ lers,

these are:

1994 ____________

1995 ____________

1996 ____________

Total ____________ ÷ 3 = _____________x 1.5 = Super credit base amount ................... 2. __________________

Qualiﬁ ed research expenses in excess of super credit base amount

(subtract line 2 from line 1) ..................................................................................................... 3. __________________

Carryover from previous years (see instructions) ................................................................... 4. __________________

Total credit available this year (add line 3 and line 4) ............................................................. 5. __________________

2006 tax after other credits (Form 1120ME, line 7a minus other credits claimed

on Schedule C, or Form 1040ME, line 23 minus Schedule A, Line 3c, minus

other credits claimed on Schedule A) ..................................................................................... 6. __________________

Line 6 x 50% (0.50) ................................................................................................................. 7. __________________

Year 2005 tax less credits (2005 Form 1120ME, line 7c minus 8c, or 2005 Form

1040ME, line 26) ..................................................................................................................... 8. __________________

Subtract line 8 from line 6 and enter the difference here ........................................................ 9. __________________

10. Credit Amount: Enter the smaller of line 5, line 7, or line 9 (enter here and on

Form 1120ME, Schedule C, line 29h or Form 1040ME, Schedule A, line 13) ...................... 10. __________________

Rev. 11/06