Enlarge image | Use your mouse or Tab key to move through the fields. Use your mouse or space bar to enable check boxes. *34112221W* Year ending Illinois Department of Revenue River Edge Redevelopment Zone or Foreign Trade Zone (or sub-zone) Subtractions Schedule 1299-B Month Year (for corporations and fiduciaries) Attach to your Form IL-1120 or IL-1041. IL Attachment No. 9 – Enter your name as shown on your return. Enter your federal employer identification number (FEIN). Step 1: Figure your subtractions (Form IL-1041 filers only) River Edge Redevelopment Zone Dividend Subtraction A B C Corporation’s name Name of Zone Dividend amount 1 a a b b c c 2 Enter the total amount of distributive share of River Edge Redevelopment Zone Dividend Subtraction from partnerships, S corporations, trusts, and estates. Attach Schedule(s) K-1-P or K-1-T. 2 3 Add Column C, Lines 1a through 1c, and Line 2. Enter your River Edge Redevelopment Zone Dividend Subtraction here. In addition, enter your beneficiaries’ share on Form IL-1041, Line 17a, and your share on Form IL-1041, Line 17b. 3 High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction A B C Corporation’s name Name of Zone Dividend amount 4 a a b b c c 5 Enter the amount of distributive share of High Impact Business Dividend Subtraction from partnerships, S corporations, trusts, and estates. Attach Schedule(s) K-1-P or K-1-T. 5 6 Add Column C, Lines 4a through 4c, and Line 5. Enter your High Impact Business Dividend Subtraction here. In addition, enter your beneficiaries’ share on Form IL-1041, Line 18a, and your share on Form IL-1041, Line 18b. 6 Step 2: Figure your subtractions (Form IL-1120 filers only [federal Forms 1120, 1120-F, 1120-L, and 1120-PC]) 7 a Dividend deduction amounts. See instructions. a b Dividend deduction amounts. See instructions. b 8 Divide Line 7a by Line 7b and carry to six decimal places. Enter your limitation ratio here. 8 • River Edge Redevelopment Zone Dividend Subtraction A B C D E F G H Name of Domestic See Column B Public utility See Column E Other dividends zone corporations instructions. minus corporations instructions. minus See instructions. Column C See instructions. Column F 9 a a b b c c d Total Columns D, G, and H. d d d 10 Enter the amount of distributive share of River Edge Redevelopment Zone Dividend Subtraction from partnerships, S corporations, trusts, and estates. Attach Schedule(s) K-1-P or K-1-T. 10 11 Add Line 9d, Columns D, G, and H, and Line 10. Enter your River Edge Redevelopment Zone Dividend Subtraction here and on Form IL-1120, Line 11. 11 This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this Schedule 1299-B Front (R-12/22) information is REQUIRED. Failure to provide information could result in a penalty. |
Enlarge image | *34112222W* High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction A B C D E F G H Name of Domestic See Column B Public utility See Column E Other dividends zone corporations instructions. minus corporations instructions. minus See instructions. Column C See instructions. Column F 12 a a b b c c d Total Columns D, G, and H. d d d 13 Enter the total amount of distributive share of High Impact Business Dividend Subtraction from partnerships, S corporations, trusts, and estates. Attach Schedule(s) K-1-P or K-1-T. 13 14 Add Line 12d, Columns D, G, and H, and Line 13. Enter your High Impact Business Dividend Subtraction here and on Form IL-1120, Line 13. 14 Contribution Subtraction A B C D Name of zone Zone organization Contribution amount Column C X2 15 a a b b c c 16 Enter the total amount of distributive share of Contribution Subtraction from S corporations. Attach Schedule(s) K-1-P. 16 17 Add Column D, Lines 15a through 15c, and Line 16. Enter your Contribution Subtraction here and on Form IL-1120, Line 15. 17 Interest Subtraction - River Edge Redevelopment Zones (Form IL-1120 financial organizations only) A B C D E F G H Borrower Property by Year of Zone of Basis of Loan Total Column E ÷ Column F which loan investment secured property amount interest (cannot exceed “1”) is secured credit property Multiply result by Col. G 18 a a b b c c 19 Enter the total amount of distributive share of your River Edge Redevelopment Zone Interest Subtraction from S corporations. Attach Schedule(s) K-1-P. 19 20 Add Column H, Lines 18a through 18c, and Line 19. Enter your River Edge Redevelopment Zone Interest Subtraction here and on Form IL-1120, Line 12. 20 Interest Subtraction - High Impact Business within a Foreign Trade Zone (or sub-zone) (Form IL-1120 financial organizations only) A B C D E F G H Borrower Property by Year of Zone of Basis of Loan Total Column E ÷ Column F which loan investment secured property amount interest (cannot exceed “1”) is secured credit property Multiply result by Col. G 21 a a b b c c 22 Enter the amount of distributive share of your High Impact Business Interest Subtraction from S corporations. Attach Schedule(s) K-1-P. 22 23 Add Column H, Lines 21a through 21c, and Line 22. Enter your High Impact Business within a Foreign Trade Zone (or sub-zone) Interest Subtraction here and on Form IL-1120, Line 14. 23 Printed by the authority of the State of Illinois - web only - one copy. Schedule 1299-B Back (R-12/22) Reset Print |