Illinois Exempt Organization Income and Replacement Tax Return

Exempt Organization Income and Replacement Tax Return
2023 IL-990-T-X Amended Exempt Organization Income and Replacement Tax Return
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*31812231W*

	Illinois Department of Revenue
		

2023 IL-990-T-X

	

	
	

Amended Exempt Organization Income and Replacement Tax Return
For tax years ending on or after December 31, 2023
Indicate what tax year you are amending: Tax year beginning ____ ___ ____, ending ____ ___ ____	
	month 	 day

year

month	 day

Enter the amount you
	
are paying.

year

If you are filing an amended return for tax years ending before December 31, 2023, you may not use this 				
$_________________
form. For prior years, see instructions to determine the correct form to use.

F 	Enter your federal employer identification number (FEIN).
		
	
G Check the applicable box for the type of change

	 Step 1: Identify your exempt organization
	A			 Enter your complete legal business name.
					 If you have a name change, check this box.							
					 Name:

	 B			

		being made.		
		 	 State change 			
	 Federal change
	 If a federal change, check one:
		 		 	 Partial agreed 			
	 Finalized
	
Enter
the
finalization
date
	
			
	 Attach your federal finalization to this return.
H	 Check this box if you are taxed as a corporation.	
	

Enter your mailing address.

					 C/O:	

			

		 Mailing address:
					 City:	

State: 	

ZIP: 	

	 C	 	Throwback adjustment - see instructions. 							
	 D			 Double throwback adjustment - see instructions. 						
	 E 	 Check this box if you are a 52/53 week filer.

	

	

	

I	 Check this box if you are taxed as a trust.	
J	 Check this box if Schedule 1299-D is attached.	

Attach your payment and
Form IL-990-T-X-V here.

			
Explain the changes on this return (Attach a separate sheet if necessary.):

	

Step 2: Figure your base income or loss 				
					
	
				
					

A				B
As most recently			
reported or adjusted			
(Whole dollars only)			

	 1 Unrelated business taxable income or loss from U.S. Form 990-T.
		 See instructions.		1	
	 2	 Illinois income and replacement tax and surcharge deducted in
		 arriving at Line 1.		2	
	 3	 Base income or loss. Add Lines 1 and 2.		3	
		

	

Corrected
amount		
(Whole dollars only)	 	

00	

1	

00

00	
00	

2	
3	

00
00	

	

A If the amount on Line 3 is derived inside Illinois only or if you
3 are an Illinois resident trust, check this box and enter the amount
from Step 2, Line 3 on Step 4, Line 12. You may not complete Step 3. (You must leave Step 3, Lines 4 through 11 blank.)

	

B 	If any portion of the amount on Line 3 is derived outside Illinois, check this box and complete all lines of Step 3.
(Do not leave Lines 6 through 8 blank.) See instructions.

Step 3: Figure your income allocable to Illinois (Complete only if you checked the box on Line B, above.)
	 4	 Business income or loss included in Line 3 from non-unitary partnerships,
		 partnerships included on a Schedule UB, S corporations, trusts,
		 or estates. See instructions.	
	4	
	
	
	
	

5	
6	
7	
8	
9	

	5	
Total sales everywhere. This amount cannot be negative.	 	6	
Total sales inside Illinois. This amount cannot be negative.		
7	
Apportionment Factor. Divide Line 7 by Line 6. Round to six decimal places. 	 8 	
Business income or loss. Subtract Line 4 from Line 3.	

	
Business income or loss apportionable to Illinois. 	
		 Multiply Line 5 by Line 8.	
	 10	
		
		
	 11	

	9	

Business income or loss apportionable to Illinois from non-unitary
partnerships, partnerships included on a Schedule UB,
S corporations, trusts, or estates. See instructions.		
Base income or loss allocable to Illinois. Add Lines 9 and 10. 	
IL-990-T-X (R-12/23)

10	
11	

This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this
information is REQUIRED. Failure to provide information could result in a penalty.

00	

4	
5	
00	
6	
00	7	
	8	

00

00	

00

00	9	

00

00	10	
00	11	

00
00

00
00

Page 1 of 2

	

*31812232W*

A			

					

B

					 As most recently 		 	Corrected
		 reported or adjusted			
amount	
Step 4: Figure your net replacement tax	

00 	
	12	Net income or loss from Line 3 or Line 11. 	12	
	 13 	 Replacement tax. Corporations: multiply Line 12 by 2.5% (.025);	
00 	
		
Trusts: multiply Line 12 by 1.5% (.015). 	
13	
00 	
	14	Recapture of investment credits. Attach Schedule 4255. 	
14	
00 	
	 15 	 Replacement tax before investment credits. Add Lines 13 and 14. 	
15	
00 	
	 16 	 Investment credits. Attach Form IL-477. 	
16	
	 17 	 Net replacement tax. Subtract Line 16 from Line 15.	
00 	
		 If the amount is negative, enter zero. 	
17	

12	

00

13	
14	
15	
16	

00
00	
00
00

17	

00

Step 5: Figure your net income tax		
	
	
	
	
	
	

18 	 Net income or loss from Line 12. 	
18 	
19 	 Income tax. See instructions. 	
19 	
20 	 Recapture of investment credits. Attach Schedule 4255. 	20 	
21 	 Income tax before credits. Add Lines 19 and 20. 	
21 	
22 	 Income tax credits. Attach Schedule 1299-D. 	
22 	
23 	 Net income tax. Subtract Line 22 from Line 21.	
		 If the amount is negative, enter zero. 	
23 	

00 	
00 	
00 	
00 	
00 	

18	
19 	
20 	
21 	
22 	

1,212
1,212
1,212
1,212
1,212

1,212 00 	

23 	

1,212 00

1,212
1,212
1,212
1,212
1,212

00
00
00
00
00

Step 6: Figure your refund or balance due				

00	
00
	 24 	 Net replacement tax from Line 17. 	
24	
24	
00	
00
	 25 	 Net income tax from Line 23.	
25 	
25	
	 26 	 Compassionate Use of Medical Cannabis Program Act surcharge
00 	26	
00
		 See instructions. 	
26 	
00	
00
	 27 	 Sale of assets by gaming licensee surcharge. See instructions. 	
27	
27 	
	 28 	 Total net income and replacement taxes and surcharges.
00 	
00
		 Add Lines 24 through 27. 	
28 	
28 	
	 29 	 Payments. See instructions.
00	
		a	 Credit from prior year overpayments.			
29a	
00
		b	Total payments made before the date this amended return is filed. 			
29b	
		c	 Pass-through withholding reported to you on
00
			 Schedule(s) K-1-P or K-1-T. Attach Schedule(s) K-1-P or K-1-T.			
29c	
		
d	 Pass-through entity tax credit reported to you.
00
			 Attach Schedule(s) K-1-P or K-1-T.			
29d	
00
		
e	 Illinois income tax withholding. Attach Form(s) W-2G.			
29e	
00
	30 	 Total payments. Add Lines 29a through 29e.			
30	
00
	31	 Previously paid penalty and interest. See instructions.	
		
31	
	32 	 Total amount of overpayment (including any carryforward or refund) before the filing of this return
00
		 for the year being amended. See instructions. 			
32	
00
	 33 	 Add Lines 31 and 32. 			
33	
00
	34	 Net tax paid. Subtract Line 33 from Line 30. 			
34	
00
	 35 	 Overpayment. If Line 34 is greater than Line 28, subtract Line 28 from Line 34.	
35	
00
	36 	 Amount of overpayment from Line 35 to be credited forward. See instructions.	
36	
		
Check this box and attach a detailed statement if this carryforward is going to a different FEIN.
00
	 37 	 Refund. Subtract Line 36 from Line 35. This is the amount to be refunded.			
37	
00
	 38 	 Tax due with this amended return. If Line 28 is greater than Line 34, subtract Line 34 from Line 28.	
38	
		
You will be sent a bill for any additional penalty and interest.
	 If you owe tax on Line 38, complete a payment 	voucher, Form IL-990-T-X-V. Write your FEIN, tax year ending, and 	
	
	
“IL-990-T-X-V” on your check or money order and 	make it payable to “Illinois Department of Revenue.” Attach your voucher 	
	
and payment to the front of this form. 	Enter the amount of your payment on the top of Page 1 in the space provided.

Step 7: Sign below - Under penalties of perjury, I state that I have examined this return and, to the best of my knowledge, it is true, correct, and complete.
Sign
Here

(
Signature of authorized officer

Paid
Preparer
Use Only

Print/Type paid preparer’s name

Date (mm/dd/yyyy)

Check if the Department
may discuss this return with the
paid preparer shown in this step.

)

Phone

Title

Paid preparer’s signature

Date (mm/dd/yyyy)

Check if 	
	self-employed Paid Preparer’s PTIN

Firm’s name

Firm’s FEIN

Firm’s address

Firm’s phone

(

)

Mail this return to: Illinois Department of Revenue, PO Box 19016, Springfield, IL 62794-9016
IL-990-T-X (R-12/23)

Printed by the authority of the state of Illinois - electronic only - one copy.

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