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What is the Illinois High Impact Business Dividend Subtraction?

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Question
What is the Illinois High Impact Business Dividend Subtraction?

Answer

You may claim a subtraction for dividends you received from a corporation that is designated by the DCEO as a “high impact business” and conducts business operations in a federally designated foreign trade zone (or sub-zone) located in Illinois.

You may deduct only the portion of these dividends that is included in your Illinois base income 

Form 1299-B


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Article Details
Views: 1523 Created on: Jun 15, 2013
Date updated: Jan 11, 2019
Posted in: States, Illinois

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