Schedule 1299-D Instructions - Illinois Department Of Revenue - 2009
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6Illinois Department of Revenue
2009 Schedule 1299-D Instructions
General Information
Dependent Care Assistance Program Tax Credit
To qualify for this credit,
Complete this schedule if you are fi ling Form IL-1120, Corporation
•
Income and Replacement Tax Return, Form IL-1041, Fiduciary
you must be primarily engaged in manufacturing, and
Income and Replacement Tax Return, or Form IL-990-T, Exempt
•
your on-site facility dependent care assistance program
Organization Income and Replacement Tax Return, and are entitled
must be in Illinois and on the premises of your workplace.
to the following credits:
Line 2 –
Write the amount of your expenses, reported under the
•
TECH-PREP Youth Vocational Programs Credit
Internal Revenue Code (IRC) Section 129(d)(7), that were used for
•
Dependent Care Assistance Program Credit
on-site dependent care.
•
Film Production Services Tax Credit
Multiply this amount by 5 percent (.05), and write the result on Line 2.
•
This is your Dependent Care Assistance Program Tax Credit.
Employee Child Care Tax Credit (Form IL-1120 fi lers only)
•
Line 3 –
Jobs Tax Credit
Total credits that may be carried forward for two years.
•
Add Lines 1 and 2. Write this amount on Line 3 and Step 2, Line 18.
Enterprise Zone and River Edge Redevelopment Zone Investment
Credit
Section B — Credits which can be carried for
•
High Impact Business Investment Credit
fi ve years
•
Tax Credit for Affordable Housing Donations
•
If there is any excess of these credits, you may carry it forward for
Economic Development for a Growing Economy (EDGE) Credit
fi ve years. This is fi gured in Step 3. You must use this excess credit in
•
Research and Development Tax Credit
proportion to its share of the total excess credit available for the year
•
River Edge Redevelopment Zone Remediation Credit
in which the credit was earned.
•
Ex-Felons Jobs Credit
Film Production Services Tax Credit
•
Veterans Jobs Credit
For tax years beginning on or after January 1, 2004, businesses in
•
Student-Assistance Contribution Credit
the fi lm industry may be able to take a tax credit.
If you are fi ling an Illinois combined unitary return, complete one
To qualify for this credit you must have
Illinois Schedule 1299-D for the entire unitary business group.
•
applied for and received a Tax Credit Certifi cate from the Illinois
See Illinois Schedule 1299-S, Enterprise Zones, Foreign
Department of Commerce and Economic Opportunity (DCEO), or
Trade Zones, and Sub-Zones, for a listing of these zones in
•
received a certifi cate from DCEO showing that a credit was
Illinois, as well as their defi nitions.
transferred to you.
Contact DCEO for more information.
Step 1: Figure your credits
Line 4 –
Write the amount of credit from the tax credit certifi cate you
Section A — Credits which can be carried for
received from DCEO, including any amount transferred to you by the
person who earned the credit.
two years
Line 5 –
Write your distributive share from an S corporation or
If there is any excess of these credits, you may carry it forward for
partnership that was reported to you on Illinois Schedule K-1-P,
two years. This is fi gured in Step 3. You must use this excess credit in
Partner’s or Shareholder’s Share of Income, Deductions, Credits, and
proportion to its share of the total excess two-year credit available for
Recapture.
the year in which the credit was earned.
TECH-PREP Youth Vocational Programs Credit
You must attach the tax credit certifi cate you received from
DCEO or your Illinois Schedule K-1-P to your tax return.
You may take this credit if
•
you are primarily engaged in manufacturing, and
Employee Child Care Tax Credit
•
you have direct payroll expenses for qualifying cooperative
You may take this credit if
secondary school youth vocational programs in Illinois, or you
•
you fi le Form IL-1120, and
pay for personal services performed by a TECH-PREP student
•
you provide a child care facility, located in Illinois, for the children of
or instructor who would be subject to withholding if they were
your employees.
employed by you and no other credit is claimed by the actual
employer.
You must keep records documenting all costs for which
the credit is being claimed.
You may not take this credit for programs with national standards
that have been or will be approved by the U.S. Department of Labor,
This is a two-part income tax credit.
Bureau of Apprenticeship Training, or any federal agency succeeding
Part one - For tax years ending on or after December 31, 2007,
to the responsibilities of that bureau.
a credit of 30 percent (.30) of the “start-up costs” spent by you to
provide a child care facility for the children of your employees.
Line 7 –
“Qualifying TECH-PREP programs” are those
Write the total amount of “start-up costs” to provide the
certifi ed by the Illinois State Board of Education.
child care facility. Multiply this amount by 30 percent (.30), and write
the result on Line 7.
Line 1 –
Add the amount of direct payroll expenses for cooperative
secondary school youth vocational programs and the amount paid
“start-up costs” include planning, site-preparation,
to a TECH-PREP student or instructor employed by you for personal
construction, renovation, or acquisition of a child care facility.
services performed. Write the total amount on the line provided.
Part two - Allows a credit of 5 percent (.05) of the annual amount
Multiply the total amount by 20 percent (.20), and write the result on
paid by you to provide the child care facility for your employees’
Line 1. This is your TECH-PREP Youth Vocational Programs Credit.
children.
Schedule 1299-D Instructions (R-12/09)
Page 1 of 6
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