Illinois Department of Revenue

        2023 Schedule 1299-A Instructions    
                                                                                                     
General Information 
Complete this schedule if you are filing Form IL-1065, Partnership Replacement Tax Return or Form IL-1120-ST, Small Business Corporation 
Replacement Tax Return and are entitled to any of the credits listed on Schedule 1299-I or any of the following subtractions: 
•  Dividends from river edge redevelopment zones 
•  Dividends from foreign trade zones (or sub-zones)
•  Contribution to a zone organization (Form IL-1120-ST filers only)
•  Interest income from a loan secured by river edge redevelopment zone or high impact business property (Form IL-1120-ST financial 
  organizations only) 
If you are filing an Illinois combined unitary return, complete one Illinois Schedule 1299-A for the entire group. For each credit, you will need 
to complete at least one row on Schedule 1299-A, Step 3 for each unitary group member who received the credit. If a specific unitary member 
has received multiple, separate amounts of the same type of credit repeatedly over multiple tax years, complete multiple rows for that 
member and that credit on Schedule 1299-A, Step 3, one row for each tax year in which a separate amount was received.
  For example, unitary group member A (FEIN 12-3456789) earned $300 of Film Production Services credit during the tax year ending 
  12/31/23. Member B (FEIN 98-7654321) earned $400 of Film Production Services credit during the year ending 12/31/23. Complete 
  Schedule 1299-A, Step 3 as follows:
  •  enter “5000” in Column A, “2023-12” in Column B, “12-3456789” in Column C, and “$300” in Columns E and H
  •  enter “5000” in Column A, “2023-12” in Column B, “98-7654321” in Column C, and “$400” in Columns E and H
  See Example 1 on Page 7.

What must I attach?
If applicable, you must attach
• Schedules K-1-P, Partner’s or Shareholder’s Share of Income, Deductions, Credits, and Recapture, received from a partnership or 
  S corporation, 
• certificates issued by the Illinois Department of Commerce and Economic Opportunity (DCEO), 
• certificates issued by the Illinois Department of Natural Resources (DNR),
•   certificates issued by the Illinois Department of Agriculture (IDOA),
•   certificates issued by the Illinois Department of Human Services (DHS), 
•   proof that credit was issued by the Illinois Housing Development Authority or the City of Chicago, and 
•   any other documents, including transfer documentation, required by the Illinois Department of Revenue (IDOR) and noted in these 
  instructions or Schedule 1299-I.
Note: Specific information about what to attach to your Schedule 1299-A can be found in Schedule 1299-I, Income Tax Credits Information 
and Worksheets.
Failure to follow these instructions and attach required documentation will result in one or more of the following: a delay in the 
processing of your return, the disallowance of the credit, or the issuance of correspondence from IDOR. You also may be required 
to submit further information to support your filing.

Should I round?
You must round the dollar amounts on Schedule 1299-A to whole-dollar amounts. To do this, you should drop any amount less than 50 cents 
and increase any amount of 50 cents or more to the next higher dollar.

What if I need additional assistance or forms?
•  For assistance, forms, or schedules, visit our website at tax.illinois.gov or scan the QR code provided.
•  Write us at: 
  ILLINOIS DEPARTMENT OF REVENUE
  PO BOX 19001
  SPRINGFIELD IL 62794-9001 
•  Call 1 800 732-8866 or 217 782-3336 (TTY at 1 800 544-5304).
•  Visit a taxpayer assistance office - 8:00 a.m. to 5:00 p.m. (Springfield office) and 8:30 a.m. to 5:00 p.m. 
  (all other offices), Monday through Friday. 

Schedule 1299-A Instructions (R-12/23)        Printed by the authority of the state of Illinois. - electronic only - one copy. Page 1 of 7

Specific Instructions
Reminder: In order to claim amounts reported to you on an Illinois Schedule K-1-P, the tax year ending listed on the Illinois Schedule K-1-P 
you received must fall within your tax year. 
Step 1: Figure your subtractions 
If you have more qualifying subtractions than space provided on Schedule 1299-A, attach additional Schedule(s)1299-A to your original 
Schedule 1299-A. Enter the total subtractions you may claim on your original Schedule 1299-A. Do not enter the total on your additional 
schedules.
For example, if you have more than three corporations from whom you received qualifying dividends for the River Edge Redevelopment 
Zone Dividend subtraction, add the amounts from the original Schedule 1299-A, Step 1, Line 1, and the additional schedules, and include 
that total on your original Schedule 1299-A, Line 3.
Additionally, if you receive more than one Schedule K-1-P for any eligible subtraction, you should add the amounts from all Schedules K-1-P 
for that subtraction and enter the total in Step 1 on the corresponding line item of your original Schedule 1299-A.
   River Edge Redevelopment Zone Dividend Subtraction 
You may claim a subtraction for dividends you received from a corporation that conducts substantially all of its business operations in an 
Illinois river edge redevelopment zone.
Note: You may deduct only the portion of these dividends that is included in your Illinois base income. Do not include any dividends from high 
impact businesses operating in a foreign trade zone (or sub-zone).
Line 1 — 
Column A – Enter the name of the corporation from which you received dividends.
Column B – Enter the name of the river edge redevelopment zone in which the corporation is located. 
Column C – Enter the amount of dividends you received from the corporation and included in your Illinois base income.
Line 2 — Follow the instructions on the form.
Line 3 — Add Column C, Lines 1a through 1c, (including the amounts on any additional schedules you have attached) and Line 2. 
•    Enter the total on your original Schedule 1299-A and on Form IL-1065, Line 28, or IL-1120-ST, Line 25. 
•    Enter any portion of this amount that will be distributed to a partner or shareholder on Illinois Schedule K-1-P, Line 39.
   High Impact Business within a Foreign Trade Zone (or sub-zone) Dividend Subtraction
You may claim a subtraction for dividends you received from a corporation that is designated by DCEO as a “high impact business” and 
conducts business operations in a federally designated foreign trade zone (or sub-zone) located in Illinois.
Note: You may deduct only the portion of these dividends that is included in your Illinois base income. Do not include any dividends from 
businesses operating in a river edge redevelopment zone.
Line 4 — 
Column A – Enter the name of the corporation from which you received dividends.
Column B – Enter the name of the foreign trade zone (or sub-zone) in which the corporation is located. 
Column C – Enter the amount of dividends you received from the corporation and included in your Illinois base income.
Line 5 — Follow the instructions on the form. 
Line 6 — Add Column C, Lines 4a through 4c, (including the amounts on any additional schedules you have attached) and Line 5. 
•    Enter the total on your original Schedule 1299-A and on Form IL-1065, Line 29, or IL-1120-ST, Line 27.
•    Enter any portion of this amount that will be distributed to a partner or shareholder on Illinois Schedule K-1-P, Line 40.
     Contribution Subtraction (Form IL-1120-ST filers only)
You may deduct twice the amount of any contribution made during your tax year to a designated zone organization to be used for an 
enterprise zone or river edge redevelopment zone project approved by DCEO, provided that the contribution qualifies as a charitable 
contribution under Internal Revenue Code Section 170(c).
Line 7 — 
Column A – Enter the name of the enterprise zone or river edge redevelopment zone that is the site of the project for which the        
               contribution was made.
Column B – Enter the name of the designated zone organization to which the contribution was made.
Column C – Enter the amount of contribution.
Column D – Multiply each entry in Column C by 2.
Line 8 — Follow the instructions on the form.
Line 9 — Add Column D, Lines 7a through 7c, (including the amounts on any additional schedules you have attached) and Line 8. 
•    Enter the total amount on your original Schedule 1299-A and on Form IL-1120-ST, Line 29. 
•    Enter any portion of this amount that will be distributed to a shareholder on Illinois Schedule K-1-P, Line 41.

Schedule 1299-A Instructions (R-12/23)                                                                                         Page 2 of 7

   Interest Subtractions (Form IL-1120-ST financial organizations only)
If you are a financial organization, as defined in the Illinois Income Tax Act (IITA), Section 1501(a)(8), you may subtract any interest income 
received during the tax year from a loan made to a borrower, to the extent the loan is secured by qualified property that is eligible for the River 
Edge Redevelopment Zone or High Impact Business Investment credit.
  River Edge Redevelopment Zones
Line 10 — 
Column A – Enter the name of the borrower eligible to claim the River Edge Redevelopment Zone Investment credit. 
Column B – Enter a description of each item of qualified property used to secure the loan.
Column C – Enter the year the borrower claimed or will claim the credit on the qualified property.
Column D     –Enter the name of the river edge redevelopment zone in which the property used as security is located.
Column E – Enter the basis of each item of property listed in Column B that was used to compute the depreciation deduction for federal  
                 income tax purposes.
Column F –Enter the amount of the loan.
Column G – Enter the interest received or accrued for the loan during the year.
Column H – Divide each entry in Column E by Column F (cannot exceed “1”), and multiply the result by Column G.
Line 11 — Follow the instructions on the form.
Line 12 — Add Column H, Lines 10a through 10c, (including the amounts on any additional schedules you have attached) and Line 11. 
• Enter the total on your original Schedule 1299-A and on Form IL-1120-ST, Line 26.
• Enter any portion of this amount that will be distributed to a shareholder on Illinois Schedule K-1-P, Line 42.
  High Impact Business within a Foreign Trade Zone (or sub-zone)
Complete this section in the same manner as Lines 10 through 12, except:
Line 13 — 
Column A – Enter the name of the borrower eligible to claim the High Impact Business Investment credit.
Column D – Enter the name of the foreign trade zone (or sub-zone) in which the property used as security is located.
Line 14 — Follow the instructions on the form.
Line 15 — Add Column H, Lines 13a through 13c, (including the amounts on any additional schedules you have attached) and Line 14.
• Enter the total on your original Schedule 1299-A and on Form IL-1120-ST, Line 28. 
• Enter any portion of the amount that will be distributed to a shareholder on Illinois Schedule K-1-P, Line 43.
Step 2: Worksheet
Complete this step only if you earned the Research and Development income tax credit during your current tax year.
  Research and Development
Complete this step before entering any Research and Development credit earned in the current year in Step 3. 
Complete the Research and Development Worksheet in Schedule 1299-I. Bring the corresponding amounts from the 
Schedule 1299-I Worksheet, Line 6, Columns A and B, to Schedule 1299-A, Step 2, Line 16, Columns A and B. Follow the instructions 
on Schedule 1299-A to calculate the amount to list in Step 3, Column E on the line that you enter Credit Code 5340 in Column A of your 
Schedule 1299-A. 
Step 3: Figure your credits
If you have more qualifying credits than space provided on Schedule 1299-A, attach additional Schedule(s) 1299-A to your original Schedule 1299-A.
Additionally, if you receive more than one Schedule K-1-P for any eligible credit, add the amounts from all Schedules K-1-P for that credit and 
enter the total in Column F on the line with that credit code of your Schedule 1299-A.
Follow the instructions below to complete Schedule 1299-A, Step 3, Columns A through D and Columns F through H. To determine the 
correct amount to list in Schedule 1299-A, Step 3, Column E, use the Schedule 1299-I instructions and worksheets.  
Lines 19 through 30 - Enter your credits
Column A - Credit Code
Each credit has a four-digit code used to identify it. The first digit of the code indicates how many years the credit can be carried forward. For 
example, all credits that can be carried forward two years start with “2”. The remaining three digits are the unique indicator for that specific 
code. Ten year carry forwards will use two digits for the year and two digits as the unique indicator. Credit codes that start with “0” cannot be 
carried forward. 

Schedule 1299-A Instructions (R-12/23)                                                                              Page 3 of 7

Credit Code      Income Tax Credit Name
  0160           Apprenticeship Education Expense 
  0180           Recovery and Mental Health
  5000           Film Production Services 
  5080           Enterprise Zone Investment 
  5120           Enterprise Zone Construction Jobs
  5160           High Impact Business Construction Jobs
  5230           Reimagining Energy and Vehicles (REV) Illinois Investment
  5260           Affordable Housing Donations 
  5300           Economic Development for a Growing Economy (EDGE) 
  5320           New Construction EDGE
  5340           Research and Development
  5380           Wages Paid to Ex-Felons
  5420           Student-Assistance Contributions
  5440           Agritourism Liability Insurance
  5460           Angel Investment
  5500           New Markets Development
  5540           River Edge Historic Preservation
  5560           River Edge Construction Jobs
  5580           Live Theater Production                      
  5620           Hospital
  5660           Invest in Kids
  5820           Data Center Construction Employment 
  1030           Historic Preservation
Column B - Credit Earned (YYYY-MM)
Write the four-digit year and two-digit month of your Illinois tax year ending during which the credit was first earned. For S corporations and 
partnerships, this should always be your current tax year. Separate the year and the month with a dash (YYYY-MM).
For example, if you first earned and received a Department of Commerce and Economic Opportunity (DCEO) certificate for a Film Production 
Services credit in August of 2023 and you are a fiscal filer with a tax year beginning July 1, 2023 and ending June 30, 2024, you will enter 
“2024-06” for this credit. 
Note: 
• If you are a 52/53-week filer, use the calendar or fiscal year-end date closest to your tax year-end date. For example, a 52/53-week filer 
  has a year ending 12/27/2023 or 1/2/2024, would use 2023-12 for their tax year end date. 
• If you are filing a short year return, use the last day of the month that your tax year end falls in to determine your Tax Year Credit Earned. 
  For example, a short year return was filed for the period of 1/1/24 - 2/15/24 using a tax year end date of 2024-02.
Column C - Unitary Member FEIN
Enter the FEIN of the unitary member that earned the credit. If you are a non-unitary filer, this column should be left blank. 
Column D - Certificate Number
If you earn the Invest in Kids credit, enter the certificate number from the Certificate of Receipt (COR) you received from the Scholarship 
Granting Organization (SGO).
If you receive a distributive share of the Invest in Kids credit, do not enter anything in Column E.
All other credits leave this column blank. 
Column E - Credit Amount Earned 
Use the instructions and worksheets in Schedule 1299-I to determine the correct amount to list in this column. Every year, S corporations 
and partnerships distribute all their income tax credits to their members; therefore, S corporations and partnerships will not have income 
tax credits carried from the previous year or any credit to carry to the next year. If the distributive share is from an expired credit, enter on a 
separate line and list the expired credit code in Column A.
Keep a copy of Schedule 1299-I in your records. You may be asked to provide a copy as additional verification.
Column F - Distributive Share Credit from K-1-P
For each credit, enter the sum of your distributive share of credits that were received from S corporations and partnerships on 
Schedule(s) K-1-P during your tax year. 
In order to claim the amount reported to you on a Schedule K-1-P the tax year ending listed on the Schedule K-1-P you received must fall 
within your tax year. If you report an amount in this column, include a copy of the Schedule(s) K-1-P you received.
Note: List your tax year ending as YYYY-MM in Column B. Do not list the tax year ending from Schedules K-1-P. 
For non-unitary filers, if you receive more than one Schedule K-1-P with a distributive share of the same eligible credit, you should add the 
amounts from all Schedules K-1-P for that credit and enter the total on the corresponding line on Schedule 1299-A, Step 3, Column F.

Schedule 1299-A Instructions (R-12/23)                                                                                          Page 4 of 7

If you are a unitary group and you are claiming distributive shares received by multiple unitary group members, complete a separate row on 
Schedule 1299-A, Step 3 for each credit type and for each unitary group member that received the distributive shares. On each row, list that 
member’s FEIN in Column C, and enter the total sum of all distributive shares that the member received for the specific credit identified in 
Column F.
  For example, unitary group member A (FEIN 12-3456789) received $300 in distributive shares for the Angel Investment credit during the 
  tax year ending 12/31/23. Member B (FEIN 98-7654321) received $500 in distributive shares for the Angel Investment credit during the 
  tax year ending 12/31/23. Member C (FEIN 99-1188227) received $300 in distributive shares for the Film Production Services credit on 
  one Schedule K-1-P and $250 in distributive shares for the Film Production Services credit on another Schedule K-1-P, during the tax year 
  ending 12/31/23. Complete Schedule 1299-A, Step 3 as follows:
  •  enter “5000” in Column A, “2023-12” in Column B, “99-1188227” in Column C, and “$550” in Columns F and H
  •  enter “5460” in Column A, “2023-12” in Column B, “12-3456789” in Column C, and “$300” in Columns F and H
  •  enter “5460” in Column A, “2023-12” in Column B, “98-7654321” in Column C, and “$500” in Columns F and H
  See Example 2 on Page 7.
  Note: In this example, you will need to attach both Schedules K-1-P from Member C, as well as the Schedules K-1-P from Members A and B. 
Amounts in this column should only contain Distributive Shares of Credit reported on Schedule K-1-P received in the current tax year. 
Note: List your tax year ending as YYYY-MM in Column B. Do not list the tax year ending from Schedules K-1-P. 
Column G - Transferred Credit Amount 
Enter the amount of any credit transferred to you. 
If you report an amount in this column, include: 
• a copy of the written notice of the transfer that the seller or donor received from the Department of Commerce and Economic Opportunity 
  or Department of Natural Resources, or 
• a copy of the written notice of the transfer that the seller or donor sent to IDOR.
If you are a non-unitary filer and you receive more than one transfer of the same eligible credit code with the same expiration date, you should 
add the amounts from all transfers for that credit code and enter the total on the corresponding line on Schedule 1299-A, Step 3, Column G.
If you are a unitary group and you are claiming credit transfers received by multiple unitary group members, complete a separate row on 
Schedule 1299-A, Step 3 for each credit type and each unitary group member that received the transfer. On each row, list that member’s 
FEIN in Column C, and enter the total sum of all transfers that member received for the specific credit identified in Column G.
For credits that are being transferred to you in which the credit was required to be transferred within one year of the date the original credit 
was awarded, you must claim the credit in the tax year in which the credit was awarded, even if you have already filed your tax return for that 
year. If you have already filed your return for that year, you must file an amended tax return for that year to claim the transferred credit on 
Schedule 1299-D. 
For credits that are being transferred to you in which the credit was not required to be transferred within one year of the date the original 
credit was awarded, you may claim the credit in the tax year in which the credit was transferred to you. For these credits, the carry forward 
period is based on the original award date.
Refer to the specific regulations of each credit and Illinois Schedule 1299-I for more information.
  For example, unitary group Z is an annual filer and includes unitary group members A, B, and C. On 04/15/2023, unitary group member 
  A (FEIN 12-3456789) received a transfer of $8,000 of the Affordable Housing Donations credit with an award date of 12/31/2019 and 
  an expiration date of 12/31/2024. On 09/15/2023, Member B (FEIN 98-7654321) received a transfer of $3,500 of the Film Production 
  Services credit with an award date of 05/31/2023 and an expiration date of 05/31/2028. Member B also received a transfer on 03/15/2023 
  of $11,000 of Live Theater credit with an award date of 05/31/2022 and an expiration date of 05/31/2027. Member C (FEIN 99-1188227) 
  received two transfers of the Hospital credit with the same award date (01/31/2023) and the same expiration date (01/31/2028) from 
  different entities, one for $30,000 on 03/15/2023 and one for $15,000 on 06/30/2023. Complete Schedule 1299-A, Step 3 as follows:
  •     enter “5260” in Column A, “2023-12” in Column B, “12-3456789” in Column C, and “$8,000” in Columns G and H
  •     enter “5000” in Column A, “2023-12” in Column B, “98-7654321” in Column C, and “$3,500” in Columns G and H
  •     enter “5620” in Column A, “2023-12” in Column B, “99-1188227” in Column C, and “$45,000” in Columns G and H
  Because the Live Theater credit must be transferred within one year of the award date and the credit must be claimed in the tax year the 
  award date falls within, the $11,000 Live Theater credit cannot be claimed this year. The award date of 05/31/2022 falls within unitary 
  group Z’s tax year ending 12/31/2022. Unitary group Z must claim the Live Theater credit on its 12/31/2022 return. If it has already filed 
  its 12/31/2022 return, it must amend to claim the credit. 
  See Example 3 on Page 7. 

Schedule 1299-A Instructions (R-12/23)                                                                                         Page 5 of 7

Column H - Total Credits (E+F+G)
Add Column E, Column F, and Column G for each line and enter in Column H. 
Enter each owner’s share of Column H for
 Credit                                               on Schedule K-1-P, Line
Film Production Services                                 52a
Enterprise Zone Investment                               52b
Enterprise Zone Construction Jobs                        52c
High Impact Business Construction Jobs                   52d
Affordable Housing Donations                             52e
EDGE                                                     52f
New Construction EDGE                                    52g
Research and Development                                 52h
Wages Paid to Ex-Felons                                  52i
Student-Assistance Contributions                         52j
Angel Investment                                         52k
New Markets Development                                  52l
River Edge Historic Preservation                         52m
River Edge Construction Jobs                             52n
Live Theater Production                                  52o
Hospital                                                 52p
Invest in Kids                                           52q
Data Center Construction Employment                      52r
Apprenticeship Education Expense                         52s
Historic Preservation                                    52t
REV Illinois Investment                                  52u
Agritourism Liability Insurance                          52v
Recovery and Mental Health                               52w
Other credits                                            52x 
Keep a copy of Schedule 1299-A for your records.

Schedule 1299-A Instructions (R-12/23)                                       Page 6 of 7

EXAMPLE 1 - 
     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)        

    5000        2023-12       12-3456789                              $300           0                        0                  $300
    5000        2023-12       98-7654321                              $400           0                        0                  $400
                                                   EXAMPLE

EXAMPLE 2 - 
     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)        

     5000       2023-12        99-1188227                             0              $550                    0                  $550
     5460       2023-12       12-3456789                              0              $300                    0                  $300
     5460       2023-12        98-7654321                             0              $500                    0                  $500
                                                  EXAMPLE

EXAMPLE 3 -
    A          B                             C     D                  E             F                        G                  H
    Credit     Credit         Unitary              Certificate        Credit        Distributive             Transferred        Total
    Code       Earned         Member               Number             Amount         Share Credit            Credit             Credits
               YYYY-MM                       FEIN                     Earned        from K-1-P               Amount             (E+F+G)
     5260      2023-12        12-3456789                              0               0                      $8,000             $8,000
     5000      2023-12         98-7654321                             0               0                      $3,500             $3,500
     5620      2023-12         99-1188227                             0               0                      $45,000            $45,000
                                                  EXAMPLE
 
Schedule 1299-A Instructions (R-12/23)                                                                                          Page 7 of 7