Illinois Supreme Court March 23, 1977, 48399, 48611 cons. (Williams v. City of Chicago)

MR. JUSTICE UNDERWOOD

delivered the opinion of the court:

These consolidated appeals are concerned with the constitutionality of the Chicago Transaction Tax Ordinance, which imposes a tax on transactions consummated in the city of Chicago involving the transfer of real estate and the lease or rental of certain types of personal property. (Municipal Code of Chicago, ch. 200.1.