A B C Corporation s name Name of zone Dividend amount. S corporations, trusts, or estates. Attach Schedule K-1-P or Schedule K-1-T.

Transcription

1 Illinois Department of Revenue 2016 Shedule 1299-C Attah to your Form IL Step 1: Provide the following information Your name as shown on Form IL-1040 Step 2: Figure your sutrations River Edge Redevelopment Zone Dividend Sutration Your Soial Seurity numer A B C Corporation s name Name of zone Dividend amount 1 a a 2 Enter any distriutive share of River Edge Redevelopment Zone Sutrations from partnerships, S orporations, trusts, or estates. Attah Shedule K-1-P or Shedule K-1-T. 2 3 Add Step 2, Column C, Lines 1a through 1 and Line 2, and enter the total here. 3 High Impat Business Dividend Sutration (within a Foreign Trade Zone or su-zone) A B C Corporation s name Name of zone Dividend amount 4 a a 5 Enter any distriutive share of High Impat Business Dividend Sutrations from partnerships, S orporations, trusts, or estates. Attah Shedule K-1-P or Shedule K-1-T. 5 6 Add Step 2, Column C, Lines 4a through 4 and Line 5, and enter the total here. 6 7 Add Step 2, Lines 3 and 6. Enter your total dividend sutration here and on Shedule M, Line Step 3: Figure your redits Setion A - Credits whih may e arried forward for two years TECH-PREP Youth Voational Programs Credit 1 Enter diret payroll expenses and amount for personal servies. x.20 = 1 Dependent Care Assistane Program Credit Inome Tax Sutrations and Credits (for individuals) 2 Enter the expenses for on-site dependent are. x.05 = 2 3 Add Step 3, Lines 1 and 2. Enter this amount here and in Step 4, Line IL Attahment No. 3 Read this information efore ompleting this form: General Information To orretly omplete your 2016 Shedule 1299-C, you must refer to your 2015 Shedule 1299-C, Step 5 to determine the amount of availale redit arryforward that you may use on this 2016 Shedule 1299-C. * * This form is authorized as outlined under the Illinois Inome Tax At. Dislosure of Shedule 1299-C (R-12/16) this information is required. Failure to provide information ould result in a penalty. Page 1 of 6

2 Setion B - Credits whih may e arried forward for five years Film Prodution Servies Tax Credit 4 Enter the amount of availale redit from the tax redit ertifiate you reeived from the Department of Commere and Eonomi Opportunity (DCEO) or that was transferred to you (see instrutions). 4 5 Enter any distriutive share of Film Prodution Servies Tax Credit from partnerships and S orporations. Attah Shedule K-1-P. 5 6 Add Step 3, Lines 4 and 5. This is your Film Prodution Servies Tax Credit. 6 High Impat Business Investment Credit A B C D E F G Desription of Plaed in servie ACRS New/Used Name of zone Basis Column F x.5% (.005) qualified property in Illinois lass (See instrutions) Month Year 7 a / a / / 8 Add Step 3, Column G, Lines 7a through 7. This is your High Impat Business Investment Credit. 8 Enterprise Zone Investment Credit A B C D E F G H Desription of Plaed in ACRS New/Used Name of zone Basis Rate Column F x Column G qualified property servie in IL lass (See instrutions) Month Year 9 a /.005 a /.005 / Enter any distriutive share of Enterprise Zone Investment Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Column H, Lines 9a through 9, and Line 10. This is your Enterprise Zone Investment Credit. 11 River Edge Redevelopment Zone Investment Credit A B C D E F G H Desription of Plaed in ACRS New/Used Name of zone Basis Rate Column F x Column G qualified property servie in IL lass (See instrutions) (See instrutions) Month Year 12 a / a / / 13 Enter any distriutive share of River Edge Redevelopment Zone Investment Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Column H, Lines 12a through 12, and Line 13. This is your River Edge Redevelopment Zone Investment Credit. 14 Eonomi Development for a Growing Eonomy (EDGE) Tax Credit 15 Enter the amount of EDGE Tax Credit awarded to you for this tax year under your agreement with DCEO Enter any distriutive share of EDGE Tax Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Lines 15 and 16. This is your EDGE Tax Credit. 17 Tax Credit for Affordale Housing Donations 18 Enter the total amount of your donation to eligile sponsors. x.50 = Enter any distriutive share of Tax Credit for Affordale Housing Donations from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Lines 18 and 19. This is your Tax Credit for Affordale Housing Donations. 20 Page 2 of 6 * * Shedule 1299-C (R-12/16)

3 River Edge Redevelopment Zone Remediation Credit A B C D Name of Zone Total Unreimursed Remediation Rate Column B x Column C Costs in Exess of $100, a 25% (.25) a 25% (.25) 25% (.25) 22 Enter the amount of River Edge Redevelopment Zone Remediation Credit transferred to you Add Step 3, Column D, Lines 21a through 21 and Line 22. This is your River Edge Redevelopment Zone Remediation Credit. 23 Ex-Felons Jos 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) redit redit Column G Column E or H 24 a / $1,500 a / $1,500 / $1, Enter any distriutive share of Ex-Felons Jos Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Column I, Lines 24a through 24 and Line 25. This is your Ex-Felons Jos Credit. 26 Veterans Jos Credit A B C D E F Name SSN Qualified Column C Maximum Enter the lesser of wages x 20% (.20) redit Column D or E 27 a $5,000 a $5,000 $5, Enter any distriutive share of Veterans Jos Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Column F, Lines 27a through 27 and Line 28. This is your Veterans Jos Credit. 29 Student-Assistane Contriution Credit A B C D E F Name SSN Qualified Column C Maximum Enter the lesser of ontriution amount x 25% (.25) redit Column D or E 30 a $500 a $500 $ Enter any distriutive share of Student-Assistane Contriution Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Column F, Lines 30a through 30 and Line 31. This is your Student-Assistane Contriution Credit. 32 New Markets Credit 33 Enter the amount of availale redit from the tax redit ertifiate you reeived from DCEO (see instrutions) Enter any distriutive share of New Markets Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Lines 33 and 34. This is your New Markets Credit. 35 Angel Investment Credit 36 Enter the amount of availale redit from the tax redit ertifiate you reeived from DCEO (see instrutions) Enter any distriutive share of Angel Investment Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Lines 36 and 37. This is your Angel Investment Credit. 38 Shedule 1299-C (R-12/16) * * Page 3 of 6

4 River Edge Histori Preservation Credit 39 Enter the amount of availale redit from the tax redit ertifiate you reeived from DCEO (see instrutions) Enter any distriutive share of River Edge Histori Preservation Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Lines 39 and 40. This is your River Edge Histori Preservation Credit. 41 Live Theater Prodution Tax Credit 42 Enter the amount of availale redit from the tax redit ertifiate you reeived from DCEO (see instrutions) Enter any distriutive share of Live Theater Prodution Tax Credit from partnerships and S orporations. Attah Shedule K-1-P Add Step 3, Lines 42 and 43. This is your Live Theater Prodution Tax Credit. 44 Hospital Credit 45 Enter the amount of real property taxes paid during the tax year on property used for hospital purposes Enter the ost of free or disounted servies provided during the tax year Enter the lesser of Lines 45 or Enter any amount of the redit on Line 47 you have transferred or intend to transfer Sutrat Line 48 from Line 47. This amount annot e less than zero Enter any distriutive share of Hospital Credit from partnerships and S orporations or any amount transferred to you. Attah Shedule K-1-P or a opy of the notie of transfer Add Step 3, Lines 49 and 50. This is your Hospital Credit. 51 Total Five-year Credits 52 Add Step 3, Lines 6, 8, 11, 14, 17, 20, 23, 26, 29, 32, 35, 38, 41, 44, and 51. Enter the amount here and in Step 4, Line Page 4 of 6 * * Shedule 1299-C (R-12/16)

5 Step 4: Figure your redit (See instrutions efore ompleting this step.) Figure your redit 1 Enter your total tax from Form IL-1040, Line Add the redit amounts from Form IL-1040, Lines 16 and 17, and enter here. 2 3 Sutrat Line 2 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line Sutrat Line 4 from Line 3. This amount may e negative. 5 6 Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 5 is negative, enter the amount from Line 6 as a negative numer. Otherwise, sutrat Line 6 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 7 is negative, enter the amount from Line 8 as a negative numer. Otherwise, sutrat Line 8 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 9 is negative, enter the amount from Line 10 as a negative numer. Otherwise, sutrat Line 10 from Line Enter the amount from Step 3, Line 3, from this Shedule 1299-C If Line 11 is negative, enter the amount from Line 12 as a negative numer. Otherwise, sutrat Line 12 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 13 is negative, enter the amount from Line 14 as a negative numer. Otherwise, sutrat Line 14 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 15 is negative, enter the amount from Line 16 as a negative numer. Otherwise, sutrat Line 16 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 17 is negative, enter the amount from Line 18 as a negative numer. Otherwise, sutrat Line 18 from Line Enter the amount from Step 3, Line 52, from this Shedule 1299-C If Line 19 is negative, enter the amount from Line 20 as a negative numer. Otherwise sutrat Line 20 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 21 is negative, enter the amount from Line 22 as a negative numer. Otherwise, sutrat Line 22 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 23 is negative, enter the amount from Line 24 as a negative numer. Otherwise, sutrat Line 24 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 25 is negative, enter the amount from Line 26 as a negative numer. Otherwise, sutrat Line 26 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 27 is negative, enter the amount from Line 28 as a negative numer. Otherwise, sutrat Line 28 from Line Enter the amount from your 2015 Shedule 1299-C, Step 5, Line If Line 29 is negative, enter the amount from Line 30 as a negative numer. Otherwise sutrat Line 30 from Line Figure the amount of redit to use this year. If the lesser numer is negative, enter zero. a Enter the lesser of Line 3 or 4. Enter the lesser of Line 5 or 6. Enter the lesser of Line 7 or 8. d Enter the lesser of Line 9 or 10. e Enter the lesser of Line 11 or 12. f Enter the lesser of Line 13 or 14. g Enter the lesser of Line 15 or 16. h Enter the lesser of Line 17 or 18. i Enter the lesser of Line 19 or 20. j Enter the lesser of Line 21 or 22. k Enter the lesser of Line 23 or 24. l Enter the lesser of Line 25 or 26. m Enter the lesser of Line 27 or 28. n Enter the lesser of Line 29 or 30. Add Lines 32a through 32n. Enter the result here and on Form IL-1040, Line 18 (round to whole dollars). 32 Shedule 1299-C (R-12/16) * * a d e f g h i j k l m n Page 5 of 6

6 Step 5: Figure your redit availale to e arried forward (Keep a opy of this page in your files. You will need it to omplete next year s Shedule 1299-C.) To figure eah redit amount, at the first appliale line for eah redit. All line referenes in this Step refer to Step 4 of this shedule. 1 Two-year redit arryforward that is availale for one more tax year If Line 9 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 7 is negative, enter the amount from Line 8 here. If Line 9 is negative, enter the amount as a positive numer here. 1 2 Five-year redit arryforward that is availale for one more tax year If Line 11 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 9 is negative, enter the amount from Line 10 here. If Line 11 is negative, enter the amount as a positive numer here. 2 3 Two-year redit arryforward that is availale for the next two tax years If Line 13 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 11 is negative, enter the amount from Line 12 here. If Line 13 is negative, enter the amount as a positive numer here. 3 4 Five-year redit arryforward that is availale for the next two tax years If Line 15 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 13 is negative, enter the amount from Line 14 here. If Line 15 is negative, enter the amount as a positive numer here. 4 5 Five-year redit arryforward that is availale for the next three tax years If Line 17 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 15 is negative, enter the amount from Line 16 here. If Line 17 is negative, enter the amount as a positive numer here. 5 6 Five-year redit arryforward that is availale for the next four tax years If Line 19 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 17 is negative, enter the amount from Line 18 here. If Line 19 is negative, enter the amount as a positive numer here. 6 7 Five-year redit arryforward that is availale for the next five tax years If Line 21 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 19 is negative, enter the amount from Line 20 here. If Line 21 is negative, enter the amount as a positive numer here. 7 8 Ten-year redit arryforward that is availale for the next five tax years If Line 23 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 21 is negative, enter the amount from Line 22 here. If Line 23 is negative, enter the amount as a positive numer here. 8 9 Ten-year redit arryforward that is availale for the next six tax years If Line 25 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 23 is negative, enter the amount from Line 24 here. If Line 25 is negative, enter the amount as a positive numer here Ten-year redit arryforward that is availale for the next seven tax years If Line 27 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 25 is negative, enter the amount from Line 26 here. If Line 27 is negative, enter the amount as a positive numer here Ten-year redit arryforward that is availale for the next eight tax years If Line 29 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 27 is negative, enter the amount from Line 28 here. If Line 29 is negative, enter the amount as a positive numer here Ten-year redit arryforward that is availale for the next nine tax years If Line 31 is positive or zero, enter zero here. You do not have any redit from this year to arry. If Line 29 is negative, enter the amount from Line 30 here. If Line 31 is negative, enter the amount as a positive numer here. 12 Page 6 of 6 * * Shedule 1299-C (R-12/16)