Illinois River Edge Redevelopment Zone or Foreign Trade Zone -or sub-zone) Subtractions -for corporations and fiduciaries)

River Edge Redevelopment Zone or Foreign Trade Zone -or sub-zone) Subtractions -for corporations and fiduciaries)
2022 Schedule 1299-B, River Edge Redevelopment Zone or Foreign Trade Zone (or sub-zone) Subtractions (for corporations and fiduciaries)
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*34112221W*

	

Year ending

Illinois Department of Revenue River Edge Redevelopment Zone or Foreign

Zone (or sub-zone) Subtractions
Schedule 1299-B		 	Trade
			
(for corporations and fiduciaries)

	

	

Month Year
	
IL Attachment No. 9

Attach to your Form IL-1120 or IL-1041.					

	

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	
Corporation’s name	

B	
Name of Zone	

	 1	a	
		b	
		c	

C		
Dividend amount

	

	 a	

	
	

	b	
	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	
Corporation’s name	

B	
Name of Zone	

C		
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.						
	8	
Divide Line 7a by Line 7b and carry to six decimal places. Enter your limitation ratio here.		

b	
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	

	

	

		

	

	

		
d	

	c	
	d	

		
d	Total Columns D, G, and H.		

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	

Schedule 1299-B Front (R-12/22)

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.

*34112222W*

		High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction
			
A	
B	
C	
D	
E	
F	
G	
			
			
			

Name of 	
zone	
	

Domestic	
See	
Column B	
Public utility	
See	
Column E	
corporations	instructions.	 minus	 corporations	instructions.	
minus
See instructions.		
Column C	 See instructions.		
Column F

	 12	 a	

	

	

		

	

	

		

	a	

		
b	

	

	

		

	

	

		

	 b	

		
c	

	

	

		

	

	

	 	

	c	

d	

	d	

		
d	 Total Columns D, G, and H.		d	

			

H		

Other dividends	

	 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			
Name of zone			

B			
Zone organization		

C	
Contribution amount	

D		
Column C X 2

	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	

			
Borrower 	
				
				

C	

Property by	
which loan	
is secured	

Year of	
investment	
credit	

D	

E	

F	

G	

Zone of	
Basis of	
Loan	
Total	
secured	
property	
amount	
interest	
property				

	 18	 a	

	

	

	

	

	

	

	a	

		
b	

	

	

	

	

	

	

	 b	

		
c	

	

	

	

	

	

	

	c	

H		

Column E ÷ Column F	
(cannot exceed “1”)	
Multiply result by Col. G	

	 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	
			
Borrower 	
				
				

Property by	
which loan	
is secured	

Year of	
investment	
credit	

Zone of	
Basis of	
Loan	
Total	
secured	
property	
amount	
interest	
property				

	 21	 a	

	

	

	

	

	

	

	a	

		
b	

	

	

	

	

	

	

	 b	

		
c	

	

	

	

	

	

	

	c	

H		

Column E ÷ Column F	
(cannot exceed “1”)	
Multiply result by Col. G	

	 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	
	
Schedule 1299-B Back (R-12/22)

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

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