Schedule 1299-A - Illinois Tax Subtractions And Credits - 2015 Page 3
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1
2
3
4
5Tax Credit for Affordable Housing Donations
23
23
x .50 =
Enter the total amount of your donation to eligible sponsors here.
Attach a copy of proof of the credit issued by the Illinois Housing Development Authority or the city of Chicago.
24
Enter any distributive share of Tax Credit for Affordable Housing Donations
from other partnerships and S corporations and any credit transferred to you by the donor.
24
Attach Schedule(s) K-1-P.
25
Add Lines 23 and 24. Enter your Tax Credit for Affordable Housing Donations here and enter each
25
owner’s share on Schedule K-1-P, Line 52d.
Economic Development for a Growing Economy (EDGE) Tax Credit
26
Enter the amount of EDGE Tax Credit awarded to you for this tax year under your agreement with DCEO.
26
Attach DCEO certificate.
27
Enter any distributive share of EDGE Tax Credit from other partnerships and S corporations.
27
Attach Schedule(s) K-1-P.
28
Add Lines 26 and 27. Enter your EDGE Tax Credit here and enter each owner’s share on
28
Schedule K-1-P, Line 52e.
Research and Development Credit
If your tax year ends after December 31, 2015, enter zero on Lines 29 through 35. See the instructions for more information.
A
B
Base period avg. expenses
This year’s expenses
Enter the following:
29
29
Illinois wages for qualified services. See instructions.
30
30
Illinois cost of supplies
31
31
Illinois rental or lease costs of computers
32
32
65% (.65) of Illinois contract expenses
Figure your credit:
33
33
Total Illinois qualifying expenses. Add Lines 29 through 32 of each column.
34
34
Subtract Column A, Line 33, from Column B, Line 33. If negative, enter zero.
35
35
Multiply Line 34 by 6.5% (.065).
36
Enter any distributive share of research and development credit from other partnerships and
36
S corporations. Attach Schedule(s) K-1-P.
37
Add Lines 35 and 36. Enter your Research and Development Credit here and enter each
37
owner’s share on Schedule K-1-P, Line 52f.
Ex-Felons Jobs Credit
A
B
C
D
E
F
G
H
I
Date
Qualified
Col. D
Max credit Prior
Col. F minus
Enter the lesser of
Name
SSN
hired
wages
x 5% (.05)
amount
credit
Col. G
Column E or H
38 a
a
$1,500
/
b
b
$1,500
/
c
c
$1,500
/
39
Enter any distributive share of Ex-Felons Jobs Credit from partnerships and S corporations.
39
Attach Schedule(s) K-1-P.
40
Add Column I, Lines 38a through 38c and Line 39. Enter your Ex-Felons Jobs Credit here and enter
40
each owner’s share on Schedule K-1-P, Line 52g.
Veterans Jobs Credit See specific instructions before completing.
A
B
C
D
E
F
Qualified
Column C
Max credit
Enter the lesser
Name
SSN
wages
x 20% (.20)
amount
of Column D or E
41 a
a
$5,000
b
b
$5,000
c
c
$5,000
42
Enter any distributive share of Veterans Jobs Credit from partnerships and S corporations.
42
Attach Schedule(s) K-1-P.
43
Add Column F, Lines 41a through 41c and Line 42. Enter your Veterans Jobs Credit here, and enter
43
each owner’s share on Schedule K-1-P, Line 52h.
*534003110*
Schedule 1299-A (R-12/15)
Page 3 of 5
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