Legal Opinion
Borden, Inc. v. Illinois Dept. of Revenue
Appellate Court of Illinois
Decided March 27, 1998No. 1-96-2408PublishedCited by 10 opinions
1Opinion of the CourtJustice Hourihane
Plaintiff, Borden, Inc. (Borden), appeals an order of the circuit court affirming a decision of the Director of the Illinois Department of Revenue (Director). The Director found that, for purposes of the Illinois Income Tax Act (Tax Act) (Ill. Rev. Stat. 1981, ch. 120, par. 1 — 101 et seq. (now 35 ILCS 5/101 et seq. (West 1996))), Borden’s three Pepsi-Cola subsidiaries (Pepsi Subs) were part of Borden’s “unitary business group” and the capital gains Borden realized from the sale of its Pepsi Subs stock in 1982 were “business income.” We affirm.
BACKGROUND
Borden, a New Jersey corporation with…
2Cases cited13 opinions
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- Allied-Signal, Inc. Ex Rel. Bendix Corp. v. Director, Division of TaxationSupreme Court of the United States · 1992
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- FW Woolworth Co. v. Taxation and Revenue Dept. of NMSupreme Court of the United States · 1982
- Caterpillar Tractor Co. v. LenckosIllinois Supreme Court · 1981
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3Cited by10 opinions
- Zebra Technologies Corp. v. TopinkaAppellate Court of Illinois · 2003
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