Glasco Electric Co. v. Department of Revenue

In 1977, the Department of Revenue conducted an audit for the tax years 1974 through 1976 of the Glasco Electric Company (Glasco), a Missouri corporation which acts as a distributor in Illinois for lighting equipment and electrical supplies. Following the audit, the Department issued a notice of tax liability on November 18 which declared that Glasco owed $22,802.85 in unpaid taxes, penalties and interest. Upon the company’s request, a hearing was held on April 18, 1978, before a Department officer at which Glasco’s objections to the tax assessment were presented. The Department rejected…