Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2008 Page 2
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1
2
3
4*863902110*
15
15
Write the amount from Page 1, Line 14.
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)
qualifi ed property
service in Illinois
class
(see instructions)
Month Year
16 a
a
/
b
b
/
c
c
/
17
17
Add Column G, Lines 16a through 16c. This is your High Impact Business Investment Credit.
Tax Credit for Affordable Housing Donations
18
18
Write the total amount of your donation to eligible sponsors.
x .50 =
19
Write any distributive share of tax credit for Affordable Housing
19
Donations from partnerships and S corporations or transferred to you by the donor.
20
20
Add Lines 18 and 19. This is your Tax Credit for Affordable Housing Donations.
Economic Development for a Growing Economy (EDGE) Tax Credit
21
21
Write the amount of EDGE tax credit awarded to you for this tax year under your agreement with DCEO.
22
22
Write any distributive share of EDGE tax credit from partnerships and S corporations.
23
Add Lines 21 and 22. This is your Economic Development for a Growing Economy (EDGE)
23
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:
24
24
Illinois wages for qualifi ed services (see instructions)
25
25
Illinois cost of supplies
26
26
Illinois rental or lease costs of computers
27
27
65% (.65) of Illinois contract expenses
28
28
Illinois basic research payments to qualifi ed organizations (corporations only)
Figure your credit:
29
29
Add Lines 24 through 28 of each column. Total Illinois qualifying expenses.
30
30
Subtract Column A, Line 29 from Column B, Line 29. If negative, write zero.
31
31
Multiply Line 30 by 6.5% (.065).
32
Write any distributive share of Research and Development Credit
32
from partnerships and S corporations.
33
33
Add Lines 31 and 32. 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
34 a
a
25% (.25)
b
b
25% (.25)
c
c
25% (.25)
35
35
Write the amount of River Edge Redevelopment Zone Remediation Credit transferred to you.
36
Add Column D, Lines 34a through 34c, and Line 35.
36
This is your total River Edge Redevelopment Zone Remediation Credit.
37
37
Add Lines 15, 17, 20, 23, 33, and 36. Write this amount on Page 3, Line 38.
Page 2 of 4
Schedule 1299-D (R-12/08)
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