Springfield Marine Bank v. Property Tax Appeal Board

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “[I]t is the capacity for earning income, rather than the income actually derived, which reflects ‘fair cash value’ for taxation purposes.”
• “[I]t is the capacity for earning income, rather than the income actually derived, which reflects ‘fair cash value’ for taxation purposes”
• nonexempt lessor may be taxed on the full value of the property even when the right to the use of the property was transferred under a 99-year lease to a charitable organization
• nonexempt lessor may be taxed on the full value of the property even when the right to the use of the property was transferred under a 99-year lease to a charitable organization

Source: CourtListener parenthetical corpus (CC0).