Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2006 Page 2
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1
2
3
413
13
Write the amount from Page 1, Line 12.
High Impact Business Investment Credit
A
B
C
D
E
F
G
Description of
Date placed in
ACRS
New/Used
Name of zone
Basis
Column F x .5% (.005)
qualified property
service in Illinois
class
(see instructions)
Month Year
14 a
a
/
b
b
/
c
c
/
15
15
Add Column G, Lines 14a through 14c. This is your High Impact Business Investment Credit.
Tax Credit for Affordable Housing Donations
16
16
Write the total amount of your donation to eligible sponsors.
x .50 =
17
Write any distributive share of tax credit for Affordable Housing
17
Donations from partnerships and S corporations or transferred to you by the donor.
18
18
Add Lines 16 and 17. This is your Tax Credit for Affordable Housing Donations.
Economic Development for a Growing Economy (EDGE) Tax Credit
19
19
Write the amount of EDGE tax credit awarded to you for this tax year under your agreement with DCEO.
20
20
Write any distributive share of EDGE tax credit from partnerships and S corporations.
21
Add Lines 19 and 20. This is your Economic Development for a Growing Economy (EDGE)
21
Tax Credit.
Environmental Remediation Tax Credit
22
22
Write the amount of unused credit carryforward earned in prior years (see instructions).
23
23
Write any distributive share of Environmental Remediation Tax Credit from partnerships and S corporations.
24
24
Add lines 22 and 23.
25
25
Write the lesser of Line 24 or $40,000 here. This is your Environmental Remediation Tax Credit.
Research and Development Credit
(Qualifying expenses must be from research activities conducted in Illinois.)
A
B
Base period avg. expenses
This year’s expenses
Write the following:
26
26
Illinois wages for qualified services (see instructions)
27
27
Illinois cost of supplies
28
28
Illinois rental or lease costs of computers
29
29
65% (.65) of Illinois contract expenses
30
30
Illinois basic research payments to qualified organizations (corporations only)
Figure your credit:
31
31
Add Lines 26 through 30 of each column. Total Illinois qualifying expenses.
32
32
Subtract Column A, Line 31 from Column B, Line 31. If negative, write zero.
33
33
Multiply Line 32 by 6.5% (.065).
34
Write any distributive share of Research and Development Credit
34
from partnerships and S corporations.
35
35
Add Lines 33 and 34. This is your Research and Development Credit.
River Edge Redevelopment Zone Remediation Credit
A
B
C
D
Total unreimbursed remediation
Name of Zone
costs in excessive of $100,000
Rate
Column B x Column C
36 a
a
25% (.25)
b
b
25% (.25)
c
c
25% (.25)
37
37
Write the amount of River Edge Redevelopment Zone Remediation Credit transferred to you.
38
Add Column D, Lines 36a through 36c, and Line 37.
38
This is your total River Edge Redevelopment Zone Remediation Credit.
39
39
Add Lines 13, 15, 18, 21, 25, 35, and 38. Write this amount on Page 3, Line 40.
Page 2 of 4
Schedule 1299-D (R-12/06)
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