Schedule 1299-C - Income Tax Subtractions And Credits (For Individuals) - 2011 Page 3
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2
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5
6Economic Development for a Growing Economy (EDGE) Tax Credit
16
16
Write the amount of EDGE Tax Credit awarded to you for this tax year under your agreement with DCEO.
17
17
Write any distributive share of EDGE Tax Credit from partnerships and S corporations.
18
18
Add Step 3, Lines 16 and 17. This is your EDGE Tax Credit.
Tax Credit for Affordable Housing Donations
x
=
19
19
Write the total amount of your donation to eligible sponsors.
.50
20
20
Write any distributive share of Tax Credit for Affordable Housing Donations from partnerships and S corporations.
21
21
Add Step 3, Lines 19 and 20. This is your Tax Credit for Affordable Housing Donations.
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:
22
22
Illinois wages for qualified services (see instructions)
23
23
Illinois cost of supplies
24
24
Illinois rental or lease costs of computers
25
25
65% (.65) of Illinois contract expenses
Figure your credit:
26
26
Add Step 3, Lines 22 through 25 of each column. Total Illinois qualifying expenses.
27
27
Subtract Step 3, Column A, Line 26, from Column B, Line 26. If negative, write zero.
28
28
Multiply Step 3, Line 27 by 6.5% (.065).
29
29
Write any distributive share of Research and Development Credit from partnerships and S corporations.
30
30
Add Step 3, Lines 28 and 29. This is your Research and Development Credit.
River Edge Redevelopment Zone Remediation Credit
A
B
C
D
Name of Zone
Total Unreimbursed Remediation
Rate
Column B x Column C
Costs in Excess of $100,000
31
a
a
25% (.25)
b
b
25% (.25)
c
c
25% (.25)
32
32
Write the amount of River Edge Redevelopment Zone Remediation Credit transferred to you.
33
Add Step 3, Column D, Lines 31a through 31c and Line 32. This is your River Edge Redevelopment
33
Zone Remediation Credit.
Ex-Felons Jobs Credit
A
B
C
D
E
F
G
H
I
Name
SSN
Date
Qualified
Column D
Max
Prior
Column F minus
Write the lesser of
hired
wages
x 5%
credit
credit
Column G
Column E or H
34 a
a
/
$600
b
b
/
$600
c
c
/
$600
35
35
Write any distributive share of Ex-Felons Jobs Credit from partnerships and S corporations.
36
36
Add Step 3, Column I, Lines 34a through 34c and Line 35. This is your Ex-Felons Jobs Credit.
*161603110*
Schedule 1299-C (R-12/11)
Page 3 of 6
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