Appellate Court of Illinois June 29, 2001, 1 — 00—0433 (Hercules, Inc. v. Department of Revenue)

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United States · · · 29-06-2001

JUSTICE O’MARA FROSSARD

delivered the opinion of the court:

Plaintiff, Hercules, Inc., appeals the order of the circuit court affirming the Department of Revenue’s (Department) finding that plaintiff owes taxes on a $1.3 billion capital gain it earned in 1987.

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