(Download) "Telco Leasing, Inc. v. Allphin" by Supreme Court of Illinois # eBook PDF Kindle ePub Free
eBook details
- Title: Telco Leasing, Inc. v. Allphin
- Author : Supreme Court of Illinois
- Release Date : January 14, 1976
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 62 KB
Description
This is an appeal from an order of the circuit court of Cook County granting the defendants' motion for summary judgment. The plaintiff is a corporation engaged in the business of leasing medical and scientific equipment and computers to hospitals, universities, laboratories and other institutions which provide health care services and research. Pursuant to lease agreements with certain nonprofit institutions, the plaintiff leased to those institutions equipment having a total cost of $1,943,535. The defendant Director of Revenue for the State of Illinois thereupon assessed use taxes in the amount of $77,741 against the plaintiff for the use of the leased equipment. The plaintiff subsequently paid under protest the assessed use taxes and an additional sum for penalty and interest.