ILLINOIS DEPARTMENT OF REVENUE 

                    DRAFT FORM 

Note: The draft you are looking for begins on the next page. 

Caution: DRAFT—NOT FOR FILING 

This is an early release draft of an Illinois Department of Revenue (IDOR) tax form or instructions, which 
IDOR is providing for substitute forms providers. Do not file draft forms and do not rely on draft forms 
and instructions for filing. We incorporate all significant changes to forms posted with this coversheet. 
However, unexpected issues occasionally arise, or legislation is passed—in this case, we will post a new 
draft of the form to alert users that changes were made to the previously posted draft.  

All forms and instructions have a page on our website at Tax Forms (illinois.gov) where you may see the 
final versions once they are released. Year-end income tax forms are usually released towards the end 
of January. 

If you wish, you can submit comments and questions to IDOR about draft or final forms and instructions 
at REV.VendorForms@illinois.gov. We will forward this information to the Office of Publications 
Management, where forms and publications are administered. 

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

                                                                         *34112221V*
                                                                                                                                                   Year ending
              Illinois Department of Revenue               River Edge Redevelopment Zone or Foreign
                                                                      Trade Zone (or sub-zone) Subtractions                                                      
              Schedule 1299-B                                                                                                                      Month    Year   
                                                                         (for corporations and fiduciaries)
              Attach to your Form IL-1120 or IL-1041.                                                                                              IL Attachment            No. 9

                                                                                                   –                                                                             
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
        TENTATIVEA                                                                                B                    FINALC                                        
                                   Corporation’s name                              Name of Zone                                                    Dividend amount

  1 a                                                                                                                         a
      b                                                                                                                     b 
      c                                                                                                                      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                                                             B                                                             C    
                                   Corporation’s name                              Name of Zone                                                    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.                                                                      b 
  8  Divide Line 7a by Line 7b and carry to six decimal places. Enter your limitation ratio here.                          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                                                                                                                     c 
     d  Total Columns D, G, and H.                         d                                                    d             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

                                                           This form is authorized as outlined by the Illinois Income Tax Act. Disclosure of this 
          Schedule 1299-B Front (R-12/22)                  information is REQUIRED.  Failure to provide information could result in a penalty. 

                                                                                   *34112222V*
   High Impact Business within a Foreign Trade Zone (or sub-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
 12   a                                                                                                                                             a
     b                                                                                                                                              b 
     c                                                                                                                                            c 
     d  Total Columns D, G, and H.                                   d                                                               d              d
 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.  TENTATIVE FINAL
       Enter your High Impact Business Dividend Subtraction here and on Form IL-1120, Line 13.                                                   14 

   Contribution Subtraction 
                                    A                                           B                                                    C                D           
                                Name of zone                            Zone organization             Contribution amount                             Column C  X2
 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              C           D          E                  F                                 G             H
              Borrower                  Property by         Year of     Zone of    Basis of           Loan                              Total         Column E ÷ Column F 
                                        which loan      investment      secured    property           amount                            interest      (cannot exceed “1”) 
                                        is secured          credit      property                                                                      Multiply result by Col. G 

 18 a                                                                                                                                             a 
     b                                                                                                                                              b 
     c                                                                                                                                            c 
 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             H
              Borrower                  Property by         Year of     Zone of    Basis of           Loan                              Total         Column E ÷ Column F 
                                        which loan      investment      secured    property           amount                            interest      (cannot exceed “1”) 
                                        is secured          credit      property                                                                      Multiply result by Col. G 

 21 a                                                                                                                                             a 
     b                                                                                                                                              b 
     c                                                                                                                                            c 
 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.