Price Flavoring Extract Co. v. Lindheimer

A decree of the circuit court of Cook county permanently enjoined the defendant, the county treasurer and ex-officio collector, from enforcing the collection of $585.36, the portion of the capital stock tax for the year 1934 extended against the plaintiff, the Price Flavoring Extract Company, allocable to securities of the Federal government held by it. The single issue presented for decision in the trial court and on this appeal, prosecuted by the defendant, is the propriety of the county assessor’s inclusion of obligations of the United States among the assets of a domestic corporation in…