Form Il-990-T - Exempt Organization Income And Replacement Tax Return - 2008
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Illinois Department of Revenue
2008 Form IL-990-T
Exempt Organization Income and Replacement Tax Return
Due on or before the 15th day of the 5th month (4th month for employee trusts) following the close of the tax year.
Write the amount you are paying.
If this return is not for calendar year 2008, write your fi scal tax year here.
$_________________________
Tax year beginning _____/_____, 2008, ending _____/_____/ 20__ __
Step 1: Identify your exempt organization
A
Write your exempt organization name and mailing address.
C
Write your federal employer identifi cation no. (FEIN).
If you have an address change, check this box.
___ ___ - ___ ___ ___ ___ ___ ___ ___
D
Check if you are taxed as a corporation.
__________________________________________________________
Name
E
Check if you are taxed as a trust.
__________________________________________________________
C/O or name of trust's fi duciary
F
Provide the nature of your unrelated trade or
__________________________________________________________
business _______________________________
Mailing address
__________________________________________________________
G
Check the box if you attached Illinois
City
State
ZIP
Schedule 1299-D, Income Tax Credits.
B
Check the box if one of the following apply.
fi rst return
fi nal return Write the fi nal date. ___/___/___
Step 2: Figure your base income or loss
1
Unrelated business taxable income or loss from U.S. Form 990-T, Line 34.
1
Attach a copy of Page 1 of your U.S. Form 990-T.
_______________|____
2
2
Illinois income and replacement tax deducted in arriving at Line 1.
_______________|____
3
3
Base income or loss. Add Lines 1 and 2.
_______________|____
If the amount on Line 3 is derived only from inside Illinois or if you are an Illinois resident trust,
skip Step 3 and go to Step 4; otherwise complete Step 3.
Step 3: Figure your income allocable to Illinois
4
4
Trust, estate, or non-unitary partnership business income or loss included in Line 3.
_______________|____
5
5
Business income or loss. Subtract Line 4 from Line 3.
_______________|____
6
6
Total sales everywhere. This amount cannot be negative.
____________________
7
7
Total sales inside Illinois. This amount cannot be negative.
____________________
.
8
8
Apportionment factor. Divide Line 7 by Line 6 (carry to six decimal places).
___________________
9
9
Business income or loss apportionable to Illinois. Multiply Line 5 by Line 8.
_______________|____
10
10
Trust, estate, or non-unitary partnership business income or loss apportionable to Illinois.
_______________|____
11
11
Base income or net loss allocable to Illinois. Add Lines 9 and 10.
_______________|____
Step 4: Figure your net replacement tax
12
12
Base income or net loss from Line 3 or Line 11.
_______________|____
13
13
Replacement tax. Corporations multiply Line 12 by 2.5% (.025); trusts multiply by 1.5% (.015).
_______________|____
14
14
Recapture of investment credits. Attach Schedule 4255.
_______________|____
15
15
Replacement tax before investment credits. Add Lines 13 and 14.
_______________|____
16
16
Investment credits. Attach Form IL-477. (Fiscal-year fi lers only. See instructions.)
_______________|____
17
17
Net replacement tax. Subtract Line 16 from Line 15. Write “0” if this is a negative amount.
_______________|____
NS DR________
Form IL-990-T front
(R-12/08)
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