Yellow Equipment & Terminals, Inc. v. Lewis

This appeal involves a dispute between plaintiff, a foreign corporation and defendant, the Secretary of State of Illinois, over the method of computation that should be used in assessing the additional franchise tax for 1969.

The issue presented is whether the additional franchise taxes for 1969 should be computed according to the election, made in plaintiff’s 1969 annual report, to be taxed on a 100% basis or according to the method elected in the 1970 annual report which was apportioned instate basis.

The trial court ruled that the 1970 election was effective so that an apportionment method…