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WEYERHAEUSER CO. v. DEP'T OF REVENUE

No. 81-2936.

127 Ill. App.3d 323 (1984)

469 N.E.2d 267

WEYERHAEUSER COMPANY, Plaintiff-Appellant, v. THE DEPARTMENT OF REVENUE, Defendant-Appellee.

Appellate Court of Illinois — First District (4th Division).

Opinion filed September 13, 1984.

Attorney(s) appearing for the Case

David J. Creagan, Jr., and Paul V. Esposito, both of Chicago (Lewis, Overbeck & Furman, of counsel), for appellant.

Tyrone C. Fahner, Attorney General, of Springfield (Paul J. Bargiel, Special Assistant Attorney General, and Doss, Puchalski, Keenan & Bargiel, Ltd., of counsel), for appellee.

Judgment affirmed.

JUSTICE ROMITI delivered the opinion of the court:

Plaintiff-appellant Weyerhaeuser Company appeals from an order of the circuit court of Cook County upholding the determination of defendant-appellee, the Department of Revenue of the State of Illinois, that Weyerhaeuser owed $102,349 in additional income taxes. This additional tax liability resulted from the department's disallowance of a claimed valuation limitation amount of $147,035,792...

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