High-Technology Investment Tax Credit Worksheet

2002

HIGH-TECHNOLOGY INVESTMENT

TAX CREDIT WORKSHEET

36 M.R.S.A. § 5219-M

TAXPAYER NAME:______________________________________________EIN/SSN:________________________

Note: Owners of passthrough 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 passthrough

entity on the lines below.

NAME OF PASSTHROUGH 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 may claim a credit on leased

equipment only if the lessee waives its right to claim the credit. See instructions.............................. 2 _______________

3. Enter lease payments paid on eligible equipment less any lease payments received on the equipment

from sub-lessees. Note: The lessor may claim a credit on lessed 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, gross credit amount)........ 4_______________

5. 2002 tax (Form 1120ME, line 7c or Form 1040ME, line 23).............................................. 5_______________

6a.

2001 tax (Form 1120ME, line 7c or Form 1040ME line 23

6a_____________

6b.

2001 Other Credits (Form 1120ME, Schedule C, line 29o minus

lines 29h, 29i and 29n or Form 1040ME, Schedule A, line 25

minus lines 17, 18 and 23)

6b_____________

6c. 2001 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.

2002 Tax (Form 1120ME, line 7c or Form 1040ME, line 23)

8a______________

8b.

2002 Other Credits (Form 1120ME, Schedule C, line 29o minus

lines 29h and 29n or Form 1040ME, Schedule A, line 25 minus

lines 17and 23)

8b______________

8c. 2002 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, depending 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 18)................................................................................................................... 9________________

Rev 1/03

High-Technology Investment Tax Credit Worksheet - 2002

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