Maine Forest Management Planning Income Credit (OBSOLETE)
Extracted from PDF file 2019-maine-forest-management-credit.pdf, last modified December 2015
Forest Management Planning Income Credit (OBSOLETE)Forest Management Planning Credit Worksheet for Tax Year 2015 36 M.R.S. § 5219-C TAXPAYER NAME: _____________________________________ SSN: ____________________ Once every ten years, an individual taxpayer is allowed a credit against the tax otherwise due for the lesser of $200 or the individual’s cost for having a forest management and harvest plan developed by a licensed professional forester for a parcel of forest land in Maine greater than ten acres. The licensed professional forester may not be in the regular employ of the individual taxpayer. The credit may not reduce the tax otherwise due to less than zero. An individual claiming the credit must attach a statement from the forester supporting the claim and swear that the credit has not been claimed by the individual in the previous ten years. An individual claiming the credit who deducts the cost of the forest management and harvest plan as an expense under the Code must increase federal adjusted gross income by the amount of that expense for purposes of the Maine income tax. To be completed by the licensed forester: I hereby swear that I have developed a forest management and harvest plan for __________________________________ Name of Taxpayer for a parcel of forest land in Maine greater than ten acres located at _________________________________________. ________________________________________________ Signature of Licensed Forester ___________________ Date plan prepared ________________________________________________ Name of Licensed Forester that developed the plan ___________________ Forester license number $______________ Cost of plan To be completed by the taxpayer claiming the credit: 1. Enter the lesser of the cost of the professional forest management and harvest plan paid during the tax year or $200. Enter the amount here and on Form 1040ME, Schedule A, line 19 ......................................................................................................... 1. ___________________ Under the penalties of perjury, I declare that _____________________________ developed a forest management and Name of Forester harvest plan for a parcel of forest I own in Maine located at___________________________________ . I swear that I have not claimed the credit for this parcel of land in the previous ten years. ________________________________________________ Signature of Land Owner - Taxpayer ___________________ Date ________________________________________________ Name of Land Owner - Taxpayer Do not submit a copy of this form with your return but retain a copy in your tax records. Rev. 12/15
More about the Maine Forest Management Credit Other Tax Credit
Obsolete after 2015
We last updated the Forest Management Planning Income Credit (OBSOLETE) in April 2020, and the latest form we have available is for tax year 2019. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Maine Revenue Services. You can print other Maine tax forms here.
Other Maine Other Forms:
|Form Code||Form Name|
|Adult Dependent Care Credit||Adult Dependent Care Credit Worksheet|
|Form CR||Combined return for members of an affiliated group|
|Other Jurisdictions Tax Credit||Credit for Tax Paid To Other Jurisdictions|
|Pine Tree Credit Worksheet (Worksheet PTE)||Worksheet PTE -- Credit Ratio Worksheet for Individuals claiming the Pine Tree Development Zone Tax Credit|
|Seed Capital Credit||Seed Capital Investment Tax Credit|
Maine usually releases forms for the current tax year between January and April. We last updated Maine Forest Management Credit from the Revenue Services in April 2020.
Forest Management Credit is a Maine Other form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
Historical Past-Year Versions of Maine Forest Management Credit
We have a total of five past-year versions of Forest Management Credit in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
While we do our best to keep our list of Maine Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working? Please let us know and we will fix it ASAP.