High-Technology Investment Tax Credit Worksheet 2005

2005

HIGH-TECHNOLOGY INVESTMENT

TAX CREDIT WORKSHEET

36 M.R.S.A. § 5219-M

TAXPAYER NAME: ___________________________________ EIN/SSN: __________________

Note: Owners of pass-through entities (partnerships, LLCs, S corporations, trusts, etc.) making an eligible investment, see last

paragraph of general instructions. Also, please provide name and ID number of the pass-through entity on the lines below.

NAME OF PASS-THROUGH ENTITY

EIN/SSN

____________________________________________________________

________________________________

1

.

Carryforward from previous year

. ............................................................................................................

1. ___________________

2.

Investment credit base for eligible equipment purchased and used by the taxpayer. Also enter on this

line the investment credit base for eligible equipment purchased and leased to lessees, less the

lease payments received on the equipment. Note: The lessor is subject to certain gualifications and

may claim a credit on leased equipment only if the lessee waives its right to claim the credit.

(See instructions). .................................................................................................................................. 2. ___________________

2a. Amount of investment credit base from line 2 also claimed as a

business expense for federal tax purposes. Enter here and on

Form 1120ME, line 4g or 1040ME, Schedule 1, line 1g. .................... 2a. ________________

3.

Enter lease payments paid on eligible equipment less any lease payments received on the equip-

ment from sub-lessees. Note: The lessor is subject to certain qualifications and may claim a credit

on leased equipment only if the lessee waives its right to claim the credit. ......................................... 3. ___________________

4.

Total credit available this year. Line 1 plus line 2 plus line 3. (Corporations enter here and on Form

1120ME, Schedule C, line 29i, Credit Claimed) ..................................................................................... 4. ___________________

5.

2005 tax (Form 1120ME, line 7a or Form 1040ME, line 23 minus Schedule A, Line 3c) ............. 5. ___________________

6a. 2004 tax (Form 1120ME, line 7c or Form 1040ME line 23) ....................... 6a. ________________

6b. 2004 Other Credits (Form 1120ME, Schedule C, line 29o minus line 29i

or Form 1040ME, Schedule A, line 25 minus line 18. ............................... 6b. ________________

6c. 2004 tax less other credits (line 6a minus line 6b). ........................................................................... 6c. ___________________

7.

Subtract line 6c from line 5 and enter the difference here. If zero or less, enter zero. ........................... 7. ___________________

8a. 2005 Tax (Form 1120ME, line 7a or Form 1040ME, line 23

minus Schedule A, Line 3c). ...................................................................... 8a. ________________

8b. 2005 Other Credits (Form 1120ME, Schedule C, line 29p minus lines

29h and 29n or Form 1040ME, Schedule A, line 19 minus lines 13 and

18 (attributed to the Family Development Account Credit)). .................... 8b. ________________

8c. 2005 Tax Less Other Credits (line 8a minus line 8b). .......................................................................... 8c. ___________________

9.

Credit Amount. Enter the lesser of line 4, line 7, line 8c or $100,000.

In some cases, the maximum allowable credit is $200,000, de-

pending on the allowable carryforward on line 1. Read the general

instructions on reverse side regarding carryforward amount before

making an entry on this line. (Enter allowable credit on Form

1120ME, Schedule C, line 29i or Form 1040ME, Schedule A, line 14). .................................................. 9. ___________________

Rev 11.17.05