State v. Illinois Central Gulf Railroad

BRADLEY, Judge.

The State Revenue Department (hereinafter referred to as State) entered a final use tax assessment against the Illinois Central Gulf Railroad (hereinafter referred to as Railroad) in the amount of $54,171.57 for the purchase of three hundred rebuilt railroad boxcars. This amount included interest and penalty. The audit period covered by the assessment was from October 1, 1968 through March 31, 1972. Railroad appealed this assessment to the Circuit Court of Montgomery County and, after a hearing thereon, that court rendered judgment holding the assessment invalid, illegal and…