Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2006 Page 3
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1
2
3
440
40
Write the amount from Page 2, Line 39.
Ex-Felons Jobs Credit (short year filers only)
A
B
C
D
E
F
G
H
I
Name
SSN
Date
Qualifying
Column D
Max
Prior Column F minus
Write the lesser of
hired
wages
x 5%
credit amt. credit
Column G
Column E or H
41 a
a
__________________ ___________ ________ _________ _________ $600 _________ _________
b
b
__________________ ___________ ________ _________ _________ $600 _________ _________
c
c
__________________ ___________ ________ _________ _________ $600 _________ _________
42
42
Write any distributive share of Ex-Felons Jobs Credit from partnerships and S corporations.
43
43
Add Lines 41a through 41c and Line 42. This is your total Ex-Felons Jobs Credit.
Veterans Jobs Credit (short year filers only)
A
B
C
D
E
F
Name
SSN
Qualifying
Column C
Max credit
Write the lesser
wages
x 5%
amount
of Column D or E
44 a
a
____________________
_____________
_________
_________
$600
b
b
____________________
_____________
_________
_________
$600
c
c
____________________
_____________
_________
_________
$600
45
45
Write any distributive share of Veterans Jobs Credit from partnerships and S corporations.
46
46
Add Lines 44a through 44c and Line 45. This is your total Veterans Jobs Credit.
Total five-year credits
47
47
Add Lines 40, 43, and 46. Write this amount here and in Step 2, Line 20.
Step 2: Figure your credit (See instructions before completing this Step.)
All line reference in this Step refer to Step 2 of this Schedule 1299-D, unless otherwise noted.
1
1
Write your total tax (see instructions).
2
2
Write the amount of foreign tax credit from Form IL-1041, Schedule CR, Line 8 (Form IL-1041 filers only).
3
3
Subtract Line 2 from Line 1. If the amount is zero or negative, write zero.
4
4
Write the amount from 2005 Schedule 1299-D, Line 60.
5
5
Subtract Line 4 from Line 3. This amount may be negative.
6
6
Write the amount from 2005 Schedule 1299-D, Line 61.
7
If Line 5 is negative, write the amount from Line 6 as a negative number.
7
Otherwise, subtract Line 6 from Line 5.
8
8
Write the amount from 2005 Schedule 1299-D, Line 62.
9
If Line 7 is negative, write the amount from Line 8 as a negative number.
9
Otherwise, subtract Line 8 from Line 7.
10
10
Write the amount from 2005 Schedule 1299-D, Line 63.
11
If Line 9 is negative, write the amount from Line 10 as a negative number.
11
Otherwise, subtract Line 10 from Line 9.
12
12
Write the amount from 2005 Schedule 1299-D, Line 64
.
13
If Line 11 is negative, write the amount from Line 12 as a negative number.
13
Otherwise, subtract Line 12 from Line 11.
14
14
Write the amount from 2005 Schedule 1299-D, Line 65.
15
If Line 13 is negative, write the amount from Line 14 as a negative number.
15
Otherwise, subtract Line 14 from Line 13.
16
16
Write the amount from 2005 Schedule 1299-D, Line 66.
17
If Line 15 is negative, write the amount from Line 16 as a negative number.
17
Otherwise, subtract Line 16 from Line 15.
18
18
Write the amount from Step 1, Section A, Line 3, of this Schedule 1299-D.
Page 3 of 4
Schedule 1299-D (R-12/06)
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