Credit Name: 1299-D, lines 24-33
Expiration Date: 12/31/2026
Does it apply to C corps and pass-through entities?: Yes
Credit Carry forward: Carry forward up to 5 years.
Description: Nonrefundable credit of 6.5% of incremental QREs. Illinois credit uses the average QREs used for the federal base period.
Other Notes: Form indicates using the Illinois portion of data from the federal form, implying that the company must take the federal credit also.