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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

 High Impact Business Dividend Subtraction (within a Foreign Trade Zone or sub-zone)

You may claim a subtraction for dividends you received from a corporation that is designated by the Department of Commerce and Economic Opportunity (DCEO) as a “High Impact Business” and conducts business operations in a federally designated foreign trade zone (or sub-zone) located in Illinois.

Schedule 1299C


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Article Details
Views: 2060 Created on: Jun 15, 2013
Date updated: Aug 21, 2015
Posted in: STATES, Illinois

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