Danville Lumber & Manufacturing Co. v. Parks

Citations

• 88 Ill. 463

Syllabus

<p>1. Taxation—capital stock of corporation. The assessment and taxation of the capital stock of a corporation over and above the valuation of its tangible property is not double taxation, and its collection will not be enjoined.</p> <p>2. Prior to the act of 1875, no distinction was made as to the rule of taxation between a corporation organized for manufacturing purposes and a railroad corporation.</p>