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

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Article Details

Views: 2668	Created on: Jun 15, 2013 Date updated: Jan 06, 2022
Posted in: States, Illinois

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