14
14
Write your unmodified base income from Line 3.
_______________|____
Step 4: Figure your income or loss
15
15
State, municipal, and other interest income excluded from Line 4.
_______________|____
16
16
Illinois replacement tax deducted in arriving at Line 4.
_______________|____
17
17
Illinois Bonus Depreciation addition. Attach Form IL-4562.
_______________|____
18
18
Related-Party Expenses addition. Attach Schedule 80/20.
_______________|____
19
19
Distributive share of additions. Attach Schedule K--P or K--T.
_______________|____
20
20
The amount of loss distributable to a shareholder subject to replacement tax. Attach Schedule B.
_______________|____
21
21
Other additions. Attach Illinois Schedule M (for businesses).
_______________|____
22
22
Add Lines 4 through 2. This amount is your income or loss.
_______________|____
Step 5: Figure your Illinois base income or net loss
23
23
Interest income from U.S. Treasury obligations or other exempt federal obligations.
_______________|____
24
.
24
Share of income distributable to a shareholder subject to replacement tax. Attach Schedule B
_______________|____
25
25
Expenses incurred in producing certain federally tax-exempt income or federal credits.
_______________|____
26
Enterprise Zone or River Edge Redevelopment Zone
26
dividend subtraction. Attach Schedule 299-A.
_______________|____
27
Enterprise Zone or River Edge Redevelopment Zone
27
interest subtraction. Attach Schedule 299-A.
_______________|____
28
28
High Impact Business dividend subtraction. Attach Schedule 299-A.
_______________|____
29
29
High Impact Business interest subtraction. Attach Schedule 299-A.
_______________|____
30
30
Contribution subtraction. Attach Schedule 299-A.
_______________|____
31
31
Illinois Bonus Depreciation subtraction. Attach Form IL-4562.
_______________|____
32
32
Related-Party Expenses subtraction. Attach Schedule 80/20.
_______________|____
33
33
Distributive share of subtractions. Attach Schedule K--P or K--T.
_______________|____
34
34
Other subtractions. Attach Schedule M (for businesses).
_______________|____
35
35
Total subtractions. Add Lines 23 through 34.
_______________|____
36
36
Base income or net loss. Subtract Line 35 from Line 22.
_______________|____
If the amount on Line 36 is derived inside and outside Illinois, complete Step 6; otherwise go to Step 7.
S tep 6: Figure your income allocable to Illinois
37
37
Nonbusiness income or loss. Attach Schedule NB.
_______________|____
38
38
Non-unitary partnership business income or loss included in Line 36.
_______________|____
39
39
Add Lines 37 and 38.
_______________|____
40
40
Business income or loss. Subtract Line 39 from Line 36.
_______________|____
41
41
Total sales everywhere. This amount cannot be negative.
___________________
42
42
Total sales inside Illinois. This amount cannot be negative.
___________________
.
43
43
Apportionment factor. Divide Line 42 by Line 4 (carry to six decimal places).
__________________
44
44
Business income or loss apportionable to Illinois. Multiply Line 40 by Line 43.
_______________|____
45
45
Nonbusiness income or loss allocable to Illinois. Attach Schedule NB.
_______________|____
46
46
Non-unitary partnership business income or loss apportionable to Illinois.
_______________|____
47
47
Base income or net loss allocable to Illinois. Add Lines 44 through 46.
_______________|____
Step 7: Figure your net income
48
48
Base income or net loss from Step 5, Line 36, or Step 6, Line 47.
_______________|____
49
Illinois net loss deduction. Attach Schedule NLD.
49
If Line 48 is zero or a negative amount, write “0.”
_______________|____
50
50
Income after NLD. Subtract Line 49 from Line 48.
_______________|____
IL-20-ST (R-2/07)
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