High-Technology Investment Tax Credit - Worksheet For Tax Year 2011

HIGH-TECHNOLOGY INVESTMENT TAX CREDIT

WORKSHEET FOR TAX YEAR 2011

36 MRSA § 5219-M

TAXPAYER NAME: _____________________________________ EIN/SSN: ________________

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

investment, see instructions. Enter name and ID number of the 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 equiptment.

Note: The lessor is subject to certain qualifi cations 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

deduction for federal tax purposes. Enter here and on Form 1120ME, line

4g or 1040ME, Schedule 1, line 1h........................................... 2a. _______________________

3. Lease payments. Enter lease payments paid on eligible equipment less any lease

payments received on the equipment from sub-lessees. Note: The lessor is subject

to certain qualifi cations 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. 2011 tax (Form 1120ME, line 7a or Form 1040ME, Schedule A, Line 20) .............................................. 5. ___________________

6a. 2010 tax (Form 1120ME, line 7a or Form 1040ME,

Schedule A, line 20) .......................................................................... 6a. ______________________

6b. 2010 Other Credits (Form 1120ME, Schedule C, line 29o

minus line 29i or Form 1040ME, Schedule A, line 19 minus

line 14................................................................................................6b. _______________________

6c. 2010 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. ___________________

8. 2011 Other Credits (Form 1120ME, Schedule C, line 29o minus line 29h and the Family

Development Account Credit included in line 29n or Form 1040ME, Schedule A,

line 19 minus line 13 and the Family Development Account Credit included in line 18) ........................ 8. ___________________

9. 2011 Tax Less Other Credits (line 5 minus line 8). If zero or less, enter zero ........................................ 9. ___________________

10. Credit Amount. Enter the lowest of line 4, line 7, line 9 or $100,000.

(Enter allowable credit on Form 1120ME, Schedule C, line 29i or Form

1040ME, Schedule A, line 14) ............................................................................................................... 10. ___________________

Carryforward to next year. If this is the only Maine income tax credit you are claiming this year, complete line 11. Otherwise, go to line 12.

11. Subtract line 10 from line 4 ................................................................................................................... 11. ___________________

12. If you did not complete line 11, enter the amount from line 10 not

used on Form 1040ME, Schedule A or Form 1120ME, Schedule C as a result

of claiming other Maine credits fi rst and because the total of all credits claimed is

limited to the Maine tax liability ............................................................................................................. 12. ___________________

Rev. 2/12