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Illinois Supreme Court ruling expands capital stock tax reach
The high court decision in The Hub case holds that exemptions to the state revenue act are void and that capital stock plus franchise can be taxed. Local assessors may value capital stock and franchise, potentially adding tens of millions to Cook County taxes and affecting Rock Island County as well.
MENTIONED IN THIS ARTICLE
Cook
Rock Island County
Illinois Supreme Court
Chicago
John J . Hamberg
Coal Corporation
Cook County
Western Electric Company
American Biank and Manufacturing Company
New York Biscuit Company
Illinois Brick Company
Illinois Steel Company
Crane Company
Elgin Watch Company
Consolidated Coal Company
Hub
Ciock
Ws Holdings
Iuca
Mandfatuyng
Hhuounes
Oreedera
Slhak
Cva
Corperaliongs
Guy C
Board of Equalization
Assesa F
John H Wilkerson
Chicago Consolidated Brewing and Malting Company
McCormick Harvesting Machine Company
Deering