1. Research Expense Tax Credit (R&D Credit)
  2. Maine Revised Statutes Title 36, § 5219-K
  3. Maine Revenue Services (MRS)
  4. Qualified Research Expenses (QREs) in Maine
  5. Internal Revenue Code (IRC) Section 41
  6. IRC Section 41(d) (Qualified Research Definition)
  7. Base Amount (for § 5219-K)
  8. Average Amount Per Year Spent (3 Previous Taxable Years)
  9. Credit Percentage (5% of Excess QREs)
  10. Basic Research Payments (BRP)
  11. BRP Credit Percentage (7.5% of BRP)
  12. Qualified Organization Base Period Amount
  13. Controlled Group of Corporations (IRC § 41(f)(1)(A))
  14. Tax Due Under This Part (Maine Income Tax)
  15. Tax Due Before Allowance of Any Credits
  16. Credit Limitation: First $25,000 in Tax Due (100%)
  17. Credit Limitation: Tax in Excess of $25,000 (75%)
  18. Nonrefundable Credit
  19. Carryover to Succeeding Years (Unused Credit)
  20. Carryover Period (15 Taxable Years)
  21. Reduction to Less Than Zero (Credit Restriction)
  22. Corporations Filing Combined Return
  23. Credit Generated by an Individual Member Corporation
  24. Tax Due Attributable to That Company
  25. Excess Research and Development Credit (Transfer between members)
  26. Individual Corporation (Carryover by Entity)
  27. State Tax Assessor (Authority to Adopt Rules)
  28. Pass-Through Entities (S Corps, Partnerships, LLCs)
  29. Maine Form 1120ME (Corporate Tax Return)
  30. Maine Research Expense Tax Credit Worksheet
  31. IRS Form 6765 (Required Federal Documentation)
  32. Super Credit for Substantially Increased R&D (§ 5219-L) (Repealed)
  33. Super Credit Base Amount (Former § 5219-L Term)
  34. Taxpayer’s Tax Due in the Preceding Taxable Year (Former § 5219-L Limit)
  35. Qualified Research Conducted in This State (Maine)
  36. Technological in Nature (Four-Part Test)
  37. Elimination of Uncertainty (Four-Part Test)
  38. Process of Experimentation (Four-Part Test)
  39. Business Component (Four-Part Test)
  40. In-House Research Expenses
  41. Contract Research Expenses
  42. Wages for Qualified Services
  43. Supplies for Qualified Research
  44. Custom Computer Programming (Sales Tax Exemption)
  45. Industrial Users Blanket Sales Tax Certificate of Exemption
  46. R&D Sales Tax Exemption (Machinery and Equipment)
  47. Machinery and Equipment Used Directly and Exclusively in R&D
  48. Taxable Year Beginning On or After January 1, 1996
  49. Affiliated Groups (Unitary Business for Apportionment)
  50. Qualified Research Organization (Recipient of BRP)