Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2004
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4Illinois Department of Revenue
Income Tax Credits
2004 Schedule 1299-D
(for corporations and fiduciaries)
Attach to your Form IL-1120, IL-1041, or IL-990-T.
or fiscal year beginning ___ ___/___ ___, 2004, ending ___ ___/___ ___, 20___ ___.
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Write your name as shown on your return.
Write your federal employer identification number (FEIN).
Read this information before completing this form:
What’s new for this year?
For tax years beginning on or after January 1, 2004, certain
To correctly complete 2004 Schedule 1299-D, you will need to refer to
businesses within the film industry may qualify for a Film Production
the 2003 Schedule 1299-D, Step 5, to calculate the amount of available
Services Tax Credit. Contact the Illinois Department of Commerce
credit carryforward that may be used on this 2004 Schedule 1299-D.
and Economic Opportunity (DCEO) for more information.
For tax years ending on or after December 31, 2004, the
For tax years beginning on or after January 1, 2004, and before
Research and Develompent Credit has been reinstated. However,
July 1, 2004, certain businesses may qualify for a Transportation
you may not use any credit, including any remaining credit
Employee Tax Credit. See instructions for more information.
carryforward, that was earned prior to January 1, 2004.
Step 1: Figure your current year credit
(see instructions)
Film Production Services Tax Credit
1
Write the amount of available credit from the Tax Credit Certificate you
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received from the DCEO (see instructions).
2
2
Write any distributive share of Film Production Services Tax Credit from partnerships and S corporations.
Transportation Employee Credit
3
3
Write the number of qualified employees here (see instructions).
x $50 =
4
4
Write any distributive share of Transportation Employee Credit from partnerships or S Corporations.
5
Add Lines 1 through 4. This is your total current year credit.
5
Write the total here and on Step 4, Line 48.
Step 2: Figure your credits (
)
which can be carried for 2 years
TECH-PREP Youth Vocational Programs Credit
6
6
Write direct payroll expenses and amount for personal services.
x .20 =
Dependent Care Assistance Program Credit
7
7
Write the expenses for on-site dependent care.
x .05 =
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8
Add Lines 6 and 7. Write this amount here and in Step 4, Line 64.
Step 3: Figure your credits
(which can be carried for 5 years)
Form IL-1120 filers only are allowed to claim the Coal Investment Credits and the Employee Child Care Tax Credit.
Coal Research and Coal Utilization Investment Credits
(Form IL-1120 filers only)
A
B
C
D
Description of qualified equipment
Date placed in service in Illinois
Basis
Column C x 5% (.05)
Month
Year
9 a
a
/
b
b
/
c
c
/
10
10
Add Column D, Lines 9a through 9c. Write your Coal Investment Tax Credit here.
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11
Write 20% (.20) of the amount donated during your tax year (see instructions).
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12
Add Lines 10 and 11. Write your Coal Investment credits here.
Employee Child Care Tax Credit
(Form IL-1120 filers only)
13
13
Write the total start-up costs to provide the child care facility.
x .30 =
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14
Write the annual amount paid to provide the child care facility.
x .05 =
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15
Add Lines 13 and 14. Write your Employee Child Care Tax Credit here.
Jobs Tax Credit
A
B
C
D
E
F
Name of zone
No. of employees
No. of employees
Col. B
No. of eligible employees
Column E x $500
this year
at end of base year
minus Col. C
included in Col.D
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16
If you are a high impact business, write the amount from Column F on Form IL-1120, Part V, Line 4a,
Form IL-1041, Part IV, Line 5a, or Form IL-990-T, Part IV, Line 3a.
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Add Lines 12, 15, and 16. Write the total here and on Page 2, Line 18
This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this information is REQUIRED. Failure to provide
Schedule 1299-D (R-12/04)
Page 1 of 4
information could result in a penalty. This form has been approved by the Forms Management Center.
IL-492-2296
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