Schedule 1299-D - Income Tax Credits (For Corporations And Fiduciaries) - 2004 Page 2
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1
2
3
418
18
Write the amount from Page 1, Line 17.
Enterprise Zone Investment Credit
A
B
C
D
E
F
G
Description of
Date placed in
ACRS
New/Used
Name of zone
Basis
Column F x .5% (.005)
qualified property
service in Illinois
class
(write state abbrev.
where prev. used)
Month Year
a
19 a
/
b
b
/
c
c
/
20
20
Write the distributive share of enterprise zone investment credit from partnerships and S corporations.
21
Add Column G, Lines 19a through 19c, and Line 20.
21
Write your Enterprise Zone Investment Credit here.
High Impact Business Investment Credit
22 a
a
/
b
b
/
c
c
/
23
Add Column G, Lines 22a through 22c.
Write your High Impact Business Investment Credit here and on Form IL-1120, Part V, Line 4b,
23
Form IL-1041, Part IV, Line 5b, or Form IL-990-T, Part IV, Line 3b.
Tax Credit for Affordable Housing Donations
24
24
Write the total amount of your donation to eligible sponsors.
x .50 =
25
Write any distributive share of tax credit for Affordable Housing
25
Donations from partnerships and S corporations or transferred to you by the donor.
26
26
Add Lines 24 and 25. Write your Tax Credit for Affordable Housing Donations here.
Economic Development for a Growing Economy (EDGE) Tax Credit
27
27
Write the amount of EDGE tax credit awarded to you for this tax year under your agreement with DCEO.
28
28
Write any distributive share of EDGE tax credit from partnerships and S corporations.
29
Add Lines 27 and 28. Write your Economic Development for a Growing Economy (EDGE)
Tax Credit here and on your Form IL-1120, Part V, Line 4c, or Form IL-1041, Part IV,
29
Line 5c, or Form IL-990-T, Part IV, Line 3c.
Environmental Remediation Tax Credit
30
30
Write the amount of unused credit carryforward earned in prior years (see instructions).
31
31
Write the distributive share of Environmental Remediation Tax Credit from partnerships or S corporations.
32
32
Add lines 30 and 31.
33
33
Write the lesser of Line 32 or $40,000 here. This is your Environmental Remediation Tax Credit.
Research and Development Credit
(Qualifying expenses must be from research activities conducted in Illinois.)
A
B
Base period avg. expenses
This year’s expenses
Write the following:
34
34
Illinois wages for qualified services (see instructions)
35
35
Illinois cost of supplies
36
36
Illinois rental or lease costs of computers
37
37
65% (.65) of Illinois contract expenses
38
38
Illinois basic research payments to qualified organizations (corporations only)
Figure your credit:
39
39
Add Lines 34 through 38 of each column. Total Illinois qualifying expenses.
40
40
Subtract Column A, Line 39 from Column B, Line 39. If negative, write zero.
41
41
Multiply Line 40 by 6.5% (.065).
42
Write the distributive share of Research and Development Credit
42
from partnerships or S corporations.
43
43
Add Lines 41 and 42. This is your Research and Development credit.
Total Credits
44
44
Add Lines 18, 21, 23, 26, 29, 33, and 43. Write this amount here and in Step 4, Line 66.
Page 2 of 4
Schedule 1299-D (R-12/04)
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