Schedule 1299-C - Illinois Income Tax Subtractions And Credits (For Individuals) - 2015 Page 3
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1
2
3
4
5
6Tax Credit for Affordable Housing Donations
x
=
18
18
Enter the total amount of your donation to eligible sponsors.
.50
19
19
Enter any distributive share of Tax Credit for Affordable Housing Donations from partnerships and S corporations.
20
20
Add Step 3, Lines 18 and 19. 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
Enter the following:
21
21
Illinois wages for qualified services (see instructions)
22
22
Illinois cost of supplies
23
23
Illinois rental or lease costs of computers
24
24
65% (.65) of Illinois contract expenses
Figure your credit:
25
25
Add Step 3, Lines 21 through 24 of each column. Total Illinois qualifying expenses.
26
26
Subtract Step 3, Column A, Line 25, from Column B, Line 25. If negative, enter zero.
27
27
Multiply Step 3, Line 26 by 6.5% (.065).
28
28
Enter any distributive share of Research and Development Credit from partnerships and S corporations.
29
29
Add Step 3, Lines 27 and 28. 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
30
a
a
25% (.25)
b
b
25% (.25)
c
c
25% (.25)
31
31
Enter the amount of River Edge Redevelopment Zone Remediation Credit transferred to you.
32
Add Step 3, Column D, Lines 30a through 30c and Line 31. This is your River Edge Redevelopment
32
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
Enter the lesser of
hired
wages
x 5% (.05) credit
credit
Column G
Column E or H
33 a
a
/
$1,500
b
b
/
$1,500
c
c
/
$1,500
34
34
Enter any distributive share of Ex-Felons Jobs Credit from partnerships and S corporations.
35
35
Add Step 3, Column I, Lines 33a through 33c and Line 34. This is your Ex-Felons Jobs Credit.
Veterans Jobs Credit
A
B
C
D
E
F
Name
SSN
Qualified
Column C
Maximum
Enter the lesser of
wages
x 20% (.20)
credit
Column D or E
36 a
a
$5,000
b
b
$5,000
c
c
$5,000
37
37
Enter any distributive share of Veterans Jobs Credit from partnerships and S corporations.
38
38
Add Step 3, Column F, Lines 36a through 36c and Line 37. This is your Veterans Jobs Credit.
*561603110*
Schedule 1299-C (R-02/16)
Page 3 of 6
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