51
51
Write the amount from Line 50.
_______________|____
Step 8: Figure your net replacement tax
52
52
Replacement tax. Multiply Line 5 by .5% (.05).
_______________|____
53
53
Recapture of investment credits. Attach Schedule 4255.
_______________|____
54
54
Replacement tax before investment credits. Add Lines 52 and 53.
_______________|____
55
55
Investment credits. Attach Form IL-477.
_______________|____
56
56
Net replacement tax. Subtract Line 55 from Line 54. Write “0” if this is a negative amount.
_______________|____
S tep 9: Figure your refund or balance due
57
Payments
a
a
Credit from 2006 overpayment.
_______________|____
b
b
Form IL-505-B (extension) payment.
_______________|____
58
58
Total payments. Add Lines 57a and 57b.
_______________|____
59
59
Overpayment. If Line 58 is greater than Line 56, subtract Line 56 from Line 58.
_______________|____
60
60
Amount to be credited to 2008.
_______________|____
61
61
Refund. Subtract Line 60 from Line 59. This is the amount to be refunded.
_______________|____
62
62
Tax Due. If Line 56 is greater than Line 58, subtract Line 58 from Line 56.
_______________|____
Make your check payable to “Illinois Department of Revenue” and attach to the front of this form.
Write the amount of your payment on the top of Page 1 in the space provided.
Step 10: Sign here
Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
_____________________________________________ ___/___/____
_________________________
(_____)__________
Signature of authorized officer
Date
Title
Phone
_____________________________________________ ___/___/____
____________________________
Signature of preparer
Date
Preparer’s Social Security number or firm’s FEIN
_____________________________________________ _______________________________________
(_____)__________
Preparer firm’s name (or yours, if self-employed)
Address
Phone
Mail this return to: Illinois Department of Revenue, P.O. Box 19032, Springfield, IL 62794-9032
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide information could
result in a penalty. This form has been approved by the Forms Management Center.
IL-492-0073
IL-20-ST (R-2/07)
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