Schedule 1299-D - Illinois Income Tax Credits - 2015 Page 2
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1
2
3
4
5
614
14
Enter the amount from Page 1, Line 13.
*564002110*
River Edge Redevelopment Zone Investment Credit
If your tax year begins on or after July 12, 2016, do not complete Lines 15a through 15c. See the instructions for more information.
A
B
C
D
E
F
G
H
Description of
Date placed in
ACRS New/Used
Name of zone
Basis
Rate
Column F x Column G
qualified property
service in Illinois class
)
(see instr.
(see instr.)
Month Year
15 a
a
/
b
b
/
c
c
/
16
Enter any distributive share of River Edge Redevelopment Zone Investment Credit from
16
partnerships and S corporations. Attach Schedule(s) K-1-P.
17
Add Column H, Lines 15a through 15c, and Line 16.
17
This is your River Edge Redevelopment Zone Investment Credit.
High Impact Business 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
(see instructions)
Month Year
18 a
a
/
b
b
/
c
c
/
19
19
Add Column G, Lines 18a through 18c. This is your High Impact Business Investment Credit.
Tax Credit for Affordable Housing Donations
20
20
x .50 =
Enter the total amount of your donation to eligible sponsors.
Attach a copy of proof of the credit issued by the Illinois Housing Development Authority or the city of Chicago.
21
Enter any distributive share of Tax Credit for Affordable Housing Donations from partnerships and
21
S corporations or transferred to you by the donor. Attach Schedule(s) K-1-P.
22
22
Add Lines 20 and 21. This is your Tax Credit for Affordable Housing Donations.
Economic Development for a Growing Economy (EDGE) Tax Credit
23
Enter the amount of EDGE Tax Credit awarded to you for this tax year under your agreement with DCEO.
23
Attach DCEO certificate.
24
24
Enter any distributive share of EDGE Tax Credit from partnerships and S corporations. Attach Sch. K-1-P.
25
25
Add Lines 23 and 24. This is your EDGE Tax Credit.
Research and Development Credit
(Qualifying expenses must be from research activities conducted in Illinois.)
If your tax year ends after December 31, 2015, enter zero on Lines 26 through 33. See the instructions for more information.
A
B
Base period avg. expenses
This year’s expenses
Enter the following:
26
26
Illinois wages for qualified services. See instructions.
27
27
Illinois cost of supplies
28
28
Illinois rental or lease costs of computers
29
29
65% (.65) of Illinois contract expenses
30
30
Illinois basic research payments to qualified organizations (corporations only)
Figure your credit:
31
31
Add Lines 26 through 30 of each column. Total Illinois qualifying expenses.
32
32
Subtract Column A, Line 31 from Column B, Line 31. If negative, enter zero.
33
33
Multiply Line 32 by 6.5% (.065).
34
Enter any distributive share of Research and Development Credit
34
from partnerships and S corporations. Attach Schedule(s) K-1-P.
35
35
Add Lines 33 and 34. This is your Research and Development Credit.
36
36
Add Lines 14, 17, 19, 22, 25, and 35. Enter the total here and on Page 3, Line 37.
Schedule 1299-D (R-12/15)
Page 2 of 6
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