Bodine Electric Co. v. Allphin

This suit was brought by Bodine Electric Co. (taxpayer) to review the decision of the Illinois Department of Revenue denying the taxpayer’s claim for a refund of its 1969 and 1970 State income taxes. In reversing the Department on administrative review and ordering the refund, the circuit court of Cook County held that the taxpayer was entitled to carry back and deduct a 1971 net operating loss from taxable years 1969 and 1970. From this portion of the final order, defendant, Director of the Department of Revenue, appeals.

For the relevant years 1968 through 1971, the taxpayer filed…