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Schedule 1299-A - Tax Subtractions And Credits (For Partnerships And S Corporations) Page 2

Research and Development Credit

(Qualifying expenses must be from research activities conducted in Illinois.)

Base period avg. expenses

This year’s expenses

Write the following:

Illinois wages for qualified services (see instructions)

Illinois cost of supplies

Illinois rental or lease costs of computers

65% (.65) of Illinois contract expenses

Illinois basic research payments to qualified organizations (corporations only)

Figure your credit:

Add Lines 13 through 17 of each column. Total Illinois qualifying expenses.

Subtract Column A, Line 18, from Column B, Line 18. If negative, write zero.

Multiply Line 19 by 6.5% (.065).

Write any distributive share of research and development credit from other partnerships and S corporations.

Add Lines 20 and 21. Write your Research and Development Credit here and write each owner’s share

on Schedule K-1-P, Step 7, Line 43d.

Economic Development for a Growing Economy (EDGE) Tax Credit

Write the amount of EDGE tax credit awarded to you for this tax year under your agreement with DCCA.

Write any distributive share of EDGE tax credit from other partnerships and S corporations.

Add Lines 23 and 24. Write your Economic Development for a Growing Economy (EDGE) Tax Credit

here and write each owner’s share on Schedule K-1-P , Step 7, Line 43g.

Tax Credit for Affordable Housing Donations

Write the total amount of your donation to eligible sponsors.

.50

Write any distributive share of tax credit for affordable housing

donations from other partnerships and S corporations.

Add Lines 26 and 27. Write your Tax Credit for Affordable Housing Donations here and write each

owner’s share on Schedule K-1-P , Step 7, Line 43h.

Schedule 1299-A Back (R-12/02)

Schedule 1299-A - Tax Subtractions And Credits (For Partnerships And S Corporations) Page 2