Schedule 1299-A - Tax Subtractions And Credits - Illinois Department Of Revenue

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Illinois Department of Revenue
Tax Subtractions
Schedule 1299-A
and Credits
(for partnerships and S corporations)
Tax year ending
Attach to your Form IL-1065 or IL-1120-ST.
IL Attachment No. 9
Write your name as shown on your return.
Write your federal employer identification number (FEIN).
Step 1: Figure your subtractions
River Edge Redevelopment Zone Dividend Subtraction
A
B
C
Corporation’s name
Name of zone
Dividend amount
1 a
a
b
b
c
c
Write any distributive share of River Edge Redevelopment Zone Dividend Subtraction from partnerships,
2
S corporations, or trusts. Attach Schedule(s) K-1-P or K-1-T.
2
Add Column C, Lines 1a through 1c, and Line 2. Write your River Edge Redevelopment Zone Dividend
3
Subtraction here and on Form IL-1065, Line 28 or Form IL-1120-ST, Line 25.
3
High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction
4 a
a
b
b
c
c
Write any distributive share of High Impact Business Dividend Subtraction from partnerships, S corporations,
5
or trusts. Attach Schedule(s) K-1-P or K-1-T.
5
Add Column C, Lines 4a through 4c, and Line 5. Write your High Impact Business Dividend Subtraction
6
here and on Form IL-1065, Line 29 or Form IL-1120-ST, Line 27.
6
Contribution Subtraction (Form IL-1120-ST filers only)
A
B
C
D
Name of zone
Zone organization
Contribution amount
Column C
2
x
7 a
a
b
b
c
c
Write any distributive share of Contribution Subtraction from S corporations. Attach Schedule(s) K-1-P.
8
8
Add Column D, Lines 7a through 7c, and Line 8. Write your Contribution Subtraction here and
9
on Form IL-1120-ST, Line 29.
9
Interest Subtraction - River Edge Redevelopment Zones
(Form IL-1120-ST financial organizations only)
A
B
C
D
E
F
G
H
Property by
Year of
Zone of
Col. E ÷ Col. F
which loan
investment
secured
Basis of
Loan
Total
(cannot exceed “1”)
Borrower
is secured
credit
property
property
amount
interest
Multiply result by Col. G
10 a
a
b
b
c
c
Write any distributive share of River Edge Redevelopment Zone Interest Subtraction from S corporations.
11
Attach Schedule(s) K-1-P.
11
Add Column H, Lines 10a through 10c and Line 11.
12
Write your River Edge Redevelopment Zone Interest Subtraction here and on Form IL-1120-ST, Line 26.
12
*334001110*
Page 1 of 5
Schedule 1299-A (R-12/13)

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