What is the Illinois High Impact Business Dividend Subtraction?
What is the Illinois High Impact Business Dividend Subtraction?
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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