Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2006
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Illinois Department of Revenue
Income Tax Credits
2006 Schedule 1299-D
(for corporations and fiduciaries)
Illinois Attachment No. 3
Attach to your Form IL-1120, IL-1041, or IL-990-T.
Tax Year Ending: __ __/__ __ __ __
–
Write your name as shown on your return.
Write your federal employer identification number (FEIN).
Three new credits have been added to the 2006 Schedule 1299-D.
What’s new for this year?
The credit name and effective dates are listed here. For more
To correctly complete 2006 Schedule 1299-D, you will need to refer to
information, see the Schedule 1299-D Instructions.
the 2005 Schedule 1299-D, Step 4, to calculate the amount of available
credit carryforward that may be used on this 2006 Schedule 1299-D.
River Edge Redevelopment Zone Remediation Credit is in effect
for tax years ending on or after December 31, 2006.
Effective immediately, the Enterprise Zone Investment credit law
has been amended to include River Edge Development Zones. See
The Ex-Felons Jobs Credit and the Veterans Jobs Credit are in
the Schedule 1299-D Instructions for more information.
effect for tax years beginning on or after January 1, 2007. For
taxpayers filing a short-year return after January 1, 2007, you may
take any valid credit on this 2006 Schedule 1299-D.
Step 1: Figure your credits
Section A — Credits which can be carried for two years
TECH-PREP Youth Vocational Programs Credit
1
1
Write direct payroll expenses and amount for personal services.
x .20 =
Dependent Care Assistance Program Credit
2
2
Write the expenses for on-site dependent care.
x .05 =
3
3
Add Lines 1 and 2. Write this amount here and in Step 2, Line 18.
Section B — Credits which can be carried for five years
Film Production Services Tax Credit
4
Write the amount of available credit from the Tax Credit Certificate you
4
received from the DCEO or that was transferred to you (see instructions).
5
5
Write any distributive share of Film Production Services Tax Credit from partnerships and S corporations.
6
6
Add Lines 4 and 5. This is your Film Production Services Tax Credit.
Employee Child Care Tax Credit
(Form IL-1120 filers only)
7
7 Write the annual amount paid to provide the child care facility.
x .05 =
Jobs Tax Credit
A
B
C
D
E
F
Name of zone
No. of
No. of
Col. B
No. of eligible
Column E x $500
employees
employees at
minus Col. C
employees
this year
end of base year
included in Col. D
8
8
Enterprise Zone or River Edge Redevelopment Zone Investment Credit
A
B
C
D
E
F
G
H
Description of
Date placed in
ACRS New/Used
Name of zone
Basis
Rate
Column F x Column G
qualified property
service in Illinois class
)
(see instr.
(see instr.)
Month Year
9 a
a
/
b
b
/
c
c
/
10
Write any distributive share of Enterprise Zone or River Edge Redevelopment Zone
10
Investment Credit from partnerships and S corporations.
11
Add Column H, Lines 9a through 9c, and Line 10.
11
This is your Enterprise Zone and River Edge Redevelopment Zone Investment Credit.
12
12
Add Lines 6, 7, 8, and 11. Write the total here and on Page 2, Line 13.
Page 1 of 4
Schedule 1299-D (R-12/06)
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