The newsletter of the ISBA’s Section on State & Local Taxation
Browse articles by year: 2014 (24)
Newsletter articles from 2004
A note from the editors
This is a reminder for those of you who registered for the 2004 IDOR Practitioners' Meeting, on the 5th Floor of the State of Illinois Building, 160 North LaSalle Street on November 5, 2004.
Swilley, et al. v. County of Cook, et al.
Factual Background: The Plaintiffs, a group of taxpayers, challenged the Cook County Treasurer's authority to transfer property to the City of Chicago, for no cash.
Taxpayers beware: Illinois broadens its state and local real estate transfer taxes
Effective June 1, 2004, the Illinois Real Estate Transfer Tax has been expanded to include not only transfers of real property by deeds and beneficial interests in land trusts, but also: (a) the transfer of ground leases that provide for a term of 30 years or more; and (b) the indirect transfer of an interest in real property as reflected by the transfer of a controlling interest in a real estate entity.
USX Corporation v. White (1st. Dist. 2004)
The appellate court upheld the Illinois Secretary of State's determination that a reverse triangular merger was not a statutory merger for Illinois franchise tax purposes.