Form Il-1120-X - Amended Corporation Income And Replacement Tax Return - 2005 Page 2
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1
2
3A
B
C
As originally
Net change
Corrected amount
reported or adjusted
increase or decrease
10
10
10
Write the amounts of income or loss from Line 9
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Step 4: Figure your base income or loss
11
11
11
Federally-taxed refund of Illinois income and replacement tax.
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12
Interest income from U.S. Treasury and
12
12
exempt federal obligations.
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13
13
13
Enterprise Zone Dividend subtraction (Schedule 1299-B).
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14
14
14
Enterprise Zone Interest subtraction (Schedule 1299-B).
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15
15
15
High Impact Business Dividend subtraction (Schedule 1299-B).
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16
16
16
High Impact Business Interest subtraction (Schedule 1299-B).
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17
17
17
Contribution Subtraction (Schedule 1299-B).
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18
18
18
Contribution to certain job training programs.
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19
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19
Foreign dividend subtraction (Schedule J).
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20
20
20
Illinois Bonus Depreciation subtraction ( Form IL-4562).
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21
21
21
Related-Party Expenses subtraction (Schedule 80/20).
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22
22
22
Distributive share of subtractions (Schedules K-1-P or K-1-T).
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23
23
23
Other subtractions (Schedule M for IL-1120 filers).
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24
24
24
Total subtractions. Add Lines 11 through 23.
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25
25
25
Base income or net loss. Subtract Line 24 from Line 10.
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If the amount on Line 25 is derived inside and outside Illinois, complete Step 5. Otherwise, go to Step 6.
Step 5: Figure your income allocable to Illinois
26
26
26
Nonbusiness income or loss (Schedule NB).
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27
Non-unitary partnership business income or loss
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27
included in Line 25.
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28
28
28
Add Lines 26 and 27.
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29
29
29
Business income or loss. Subtract Line 28 from Line 25.
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30
30
30
Total sales everywhere (this amount cannot be negative).
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31
31
31
Total sales inside Illinois (this amount cannot be negative).
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32
32
32
Apportionment Factor. Divide Line 31 by Line 30.
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33
Business income or loss apportionable to Illinois.
33
33
Multiply Line 29 by Line 32.
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34
34
34
Nonbusiness income or loss allocable to Illinois (Sch. NB).
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35
Non-unitary partnership business income or loss
35
35
apportionable to Illinois.
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36
Base income or net loss allocable to Illinois.
36
36
Add Lines 33 through 35.
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Step 6: Figure your net income
37
37
37
Base income or net loss from Line 25 or Line 36.
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38
Illinois net loss deduction (Schedule NLD or UB/NLD).
38
38
If Line 37 is zero or a negative amount, write “0.”
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39
39
39
Net income. Subtract Line 38 from Line 37.
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Step 7: Figure your net replacement tax
40
40
40
Replacement Tax. Multiply Line 39 by 2.5% (.025).
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41
41
41
Recapture of investment credits (Schedule 4255).
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42
42
42
Replacement Tax before credits. Add Lines 40 and 41
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.
43
43
43
Investment credits (Form IL-477).
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44
Net replacement tax. Subtract Line 43 from Line 42.
44
44
If negative, write “0.”
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IL-1120-X (R-08/06)
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