Wheelock, Lovejoy & Co. v. Gill

Do the revenue laws of Illinois authorize the taxation of -a portion of the net credits and other intangibles of a foreign corporation? This appeal from the circuit court of Cook county raises no other question.

The appellant, a Massachusetts corporation and licensed to do business in Illinois, has maintained a branch office in Chicago for many years. It has regularly paid taxes upon all tangible property located and used in this State, including machinery, equipment and merchandise. In preparing the assessment books for 1934 the county assessor of Cook county placed two additional assessments…