What is the Illinois High Impact Business Dividend Subtraction?

Article ID: 58836  

Question
What is the Illinois High Impact Business Dividend Subtraction?

Answer

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 the DCEO as a “high impact business” and conducts business operations in a federally designated foreign trade zone (or sub-zone) located in Illinois.

Do not include any amount subtracted on Illinois Schedule J, Foreign Dividends.

Form 1299-B


Article Details
Views: 1690 Created on: Jun 15, 2013