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IDR-1-DIS (N-08/23)          Printed by authority of State of Illinois, web only – one copy. 
 

                   Illinois Department of Revenue
                                                                                           *34012231V*
                     2023 Schedule 1299-A                                                                                                     Year ending
                    Tax Subtractions and Credits (for partnerships and S corporations)                                                        _____  _____
                             For tax years ending on or after December 31, 2023.                                                               Month       Year
                                 Attach to your Form IL-1065 or IL-1120-ST.
                                                                                                                                               IL Attachment No.  9

                                                                                                         –                                                        
Enter your name as shown on your return.                                                   Enter your federal employer identification number (FEIN).
Read this information before completing this schedule: Refer to Schedule 1299-I, Income Tax Credits Information and Worksheets, 
and Schedule 1299-A Instructions for information on how to complete this schedule. All figures should be rounded to whole dollars. If you 
have more subtractions or credits than lines available, attach a separate schedule in the same format with all the required information.  
Step 1:  Figure your subtractions
    RiverTENTATIVEEdge Redevelopment Zone Dividend Subtraction                                                             FINAL                
                                          A                                                              B                                           C           
                                  Corporation’s name                                                   Name of zone                            Dividend amount 
  1 a                                                                                                                                      a
        b                                                                                                                                b 
      c                                                                                                                                    c
  2 Enter any distributive share of River Edge Redevelopment Zone Dividend Subtraction from partnerships, 
      S corporations, and trusts. Attach Schedule(s) K-1-P or K-1-T.                                                                        2 
  3 Add Column C, Lines 1a through 1c, and Line 2, plus the total from all separate schedules.  Enter your total 
      River  Edge Redevelopment  Zone Dividend Subtraction here and on  Form IL-1065, Line 28 or 
      Form IL-1120-ST, Line 25.                                                                                                             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 any distributive share of High Impact Business Dividend Subtraction  from partnerships, S corporations,                                                
      and trusts. Attach Schedule(s) K-1-P or K-1-T.                                                                                        5 
  6 Add Column C, Lines 4a through 4c, and Line 5, plus the total from all separate schedules. Enter your total 
      High Impact Business Dividend Subtraction  here and on  Form IL-1065, Line 29 or 
      Form IL-1120-ST, Line 27.                                                                                                          6 
    Contribution Subtraction (Form IL-1120-ST filers only)
                                  A                                              B                                  C                                D           
                    Name of zone                                           Zone organization                Contribution amount                Column C  x      2
  7 a                                                                                                                                       a 
      b                                                                                                                                     b 
      c                                                                                                                                     c 
  8  Enter any distributive share of Contribution Subtraction  from S corporations. Attach Schedule(s) K-1-P.                               8 
  9  Add Column D, Lines 7a through 7c, and Line 8, plus the total from all separate schedules. Enter your total 
      Contribution Subtraction here and  on Form IL-1120-ST, Line 29.                                                                       9 
    Interest Subtraction - River Edge Redevelopment Zones (Form IL-1120-ST financial organizations only)
            A                       B                C                      D              E                F            G                           H
                                    Property by      Year of               Zone of                                                             Col. E ÷ Col. F 
                                    which loan    investment               secured         Basis of         Loan         Total                 (cannot exceed “1”)
            Borrower                is secured       credit                property        property     amount           interest            Multiply result by Col. G
 10 a                                                                                                                                       a
      b                                                                                                                                  b 
      c                                                                                                                                     c
 11 Enter any distributive share of River Edge Redevelopment Zone Interest Subtraction from S corporations.                                                      
      Attach Schedule(s) K-1-P.                                                                                                   11 
 12 Add Column H, Lines 10a through 10c, and Line 11, plus the total from all separate schedules. Enter your
      total River Edge Redevelopment Zone  Interest Subtraction here and  on Form IL-1120-ST, Line 26.                            12 
                                                     This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this 
          Schedule 1299-A Front (R-12/23)            information is REQUIRED. Failure to provide information could result in a penalty. 

                                                                             *34012232V*

    Interest Subtraction - High Impact Business within a Foreign Trade Zone (or sub-zone)
   (Form IL-1120-ST financial organizations only)
                 A              B                C            D              E                F                       G                                    H
                                Property by      Year of    Zone of                                                                                        Col. E ÷ Col. F 
                                which loan       investment secured          Basis of         Loan                    Total       (cannot exceed “1”)
          Borrower              is secured       credit     property         property        amount                   interest   Multiply result by Col. G

  13 a                                                                                                                         a
     b                                                                                                                          b 
     c                                                                                                                         c
  14 Enter any distributive share of High Impact Business Interest Subtraction from S corporations. 
     AttachTENTATIVE Schedule(s) K-1-P.                                                                                FINAL14 
 15  Add Column H, Lines 13a through 13c, and Line 14, plus the total from all separate schedules. Enter your total 
     High Impact Business  Interest Subtraction here and on Form IL-1120-ST, Line 28.                                         15 
                                                                                                                                                                            
Step 2:  Worksheet (Complete this step only if you earned this credit during your current tax year.)
   Research and Development - Follow the instructions on this worksheet to calculate your Research and Development credit                                                    
     amount to enter in Step 3, Column E.                                                       A                                                          B
                                                                                          Base period avg. expenses                  This year’s expenses
 16 Enter the amounts from Schedule 1299-I, Line 6 of the Research and 
      Development Worksheet.                                                       16                                       16  
 17 Subtract Line 16, Column A, from Line 16, Column B. If negative, enter zero.                                               17 
 18  Multiply Line 17 by 6.5% (.065).  Enter the result here and in Step 3, Column E 
      on the line with Credit Code 5340 in Column A.                                                                           18

 Step 3:  Figure your credits
See Schedule 1299-A Instructions and Schedule 1299-I for how to list each credit, complete each column, and where to list each owner’s 
share on Schedule K-1-P, Partner’s or Shareholder’s Share of Income, Deductions, Credits, and Recapture.  
         A         B                 C                      D                  E                   F                        G                               H               
      CreditCode   EarnedCredit MemberUnitary             CertificateNumber  AmountCredit     ShareDistributiveCredit TransferredCredit                    CreditsTotal 
                 YYYY-MM        FEIN                                         Earned           from K-1-P                Amount                             (E+F+G)        

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  NOTE: If you do not provide the necessary information or attempt to claim a credit which does not exist, you may receive
              correspondence from the Department, your credit may be disallowed, and the processing of your return may be delayed.

           Schedule 1299-A Back (R-12/23)                                   Printed by the authority of the state of Illinois - electronic only - one copy.