The lessee of a corporation whose land is exempt from taxation is required to pay a tax upon the premises so leased, under Section 60, Chapter 120, Hurd's Statutes, 1905. People v. International Salt Co., 233 Ill. 223. What is an "institution of learning" for purposes of exemp tion. People v. St. Francis Academy, 233 Ill. 26. "Parsonages" are not exempt. People v. First Cong. Church, 232 Ill. 158. A stone quarry owned by the I. C. R. R. Co. from which stone for ballast is taken and used on the roadbed is exempt from taxation under its charter (Section 22), though the stone is quarried by a lessee and the ice privileges sold to a third person; when the quarry is not entirely abandoned by the company. People v. I. C. R. R. Co., 231 Ill. 151. Cars belonging to a foreign corporation (not a railroad company) are not taxable in Illinois. Nor are credits payable at its home office; when taxable there. In re Union Tank Line Co., 204 Ill. 347. Play ground of a school "in rear of school premises" held not exempt from tax as a public charity. McCullough v. Board of Review, 183 Ill. 373. Chicago Theological Seminary property is exempt from taxation only so far as used "in immediate connection with the seminary." People v. Chicago Theological Seminary, 174 III. 177. Land owned by a corporation not for profit, but not organized as a religious corporation, used for camp meetings, is not exempt from taxation. People v. Camp Meeting Ass'n, 160 Ill. 576. A library association owning and renting a building to a city for a public library is not exempt from taxation. People v. Peoria Library Ass'n, 157 Ill. 369. Y. M. C. A. property leased to tenants for profit is subject to taxation. People v. Y. M. C. A. of Peoria, 157 Ill. 403. Road and bridge tax. A tax levied for "building and incidental expenses" on bridges is illegal, unless repairs are shown to be contemplated by the statute. (Sec. 14, Chap. 121, Hurd, 1905.) People v. C. & La F. & C. Ry. Co., 231 Ill. 363. A tax levied under the Road and Bridge Act must be levied strictly according to statute (Section 119, Road and Bridge Act). A copy of the certificate of the highway commissioners sent to the County Clerk is not sufficient; the original certificate must be returned to the supervisors. T. St. L. & W. R. R. Co. v. People, 226 Ill. 557. An additional road and bridge tax must be based on a certificate of the commissioners, stating not only that a contingency exists, but must state the contingency. That the roads and bridges 'cannot be repaired with the regular tax is not a sufficient contingency. St. L. A. & T. H. Ry. Co. v. People, 224 Ill. 155. Highway commissioners are the judges of the contingency authorizing an additional bridge tax, but must state the contingency in their certificate. People v. E. J. & E. Ry. Co., 243 III. 546. C. C. C. & St. L. Ry. Co. v. People, 223 Ill. 18. The distinction between road taxes in townships under cash system and labor system discussed and held important. People v. K. & S. W. R. R. Co., 218 Ill. 588. Essentials of a valid road tax discussed. Road and bridge tax held invalid. C. I. & W. Ry. Co. v. People, 214 Ill. 302. Road and bridge tax record must show that levy was for a specific purpose authorized by law. People v. C. & E. I. R. R. Co., 214 Ill. 190. What is not a sufficient delinquent list of land for a road tax. People v. C. & E. I. R. R. Co., 214 Ill. 190. Specific amount of road and bridge tax, required for each purpose named; held not to be stated. I. C. R. R. Co. v. People, 213 Ill. 174. What certificate of levy for road and bridge tax should show. C. I. & W. Ry. Co. v. People, 207 Ill. 566. What is not a special town meeting such as may authorize a road and bridge tax. C. & E. I. R. R. Co. v. People, 206 Ill. 298. Road and bridge tax is invalid where the town auditor and assessor fail to "definitely and specifically direct" the purpose of the tax. C. & E. I. R. R. Co. v. People, 206 Ill. 296. Purposes of additional road tax must be specified particularly in the commissioners' certificate, the written consent of the auditors and of the assessor. C. C. C. & St. L. Ry. Co. v. People, 205 I11. 582. A road and bridge tax in excess of forty cents on the $100 must be authorized by a vote at town meeting duly called. C. I. & W. Ry. Co. v. People, 205 Ill. 538. A road and bridge tax levied at a time and place other than that provided by statute is illegal. C. & N. W. Ry. Co. v. People, 193 Ill. 594. Assessment of a railroad bridge extending into two States, across the line. Keokuk Bridge Co. v. People, 161 Ill. 132 (135). Taxation of coal rights. Coal rights severed from the fee may be assessed for taxation to the owner of the coal rights after the severance. People v. O'Gara Coal Co., 231 Ill. 172. Taxing bank property. Money invested in bonds by a bank and placed on deposit in a distant bank, but sold soon after April 1, evidences such fraud as justifies the board of review in assessing for taxation. In re People's Bank of Vermont, 203 Ill. 300. How national banks are properly taxed in Illinois-shares of stock-real estate. Ill. National Bank v. Kinsella, 201 Ill. 31. Double taxation not shown where bank stock and tangible property of bank are both taxed. Ill. National Bank v. Kinsella, 201 Ill. 31. Injunction lies at the instance of a bank to restrain collection of an illegal tax assessed upon the bank stock, or suit may be by individual stockholder. Knopf v. First Nat. Bank, 173 Ill. 331. Taxation of stock-How-Where. Interest on a "back assessment" of capital stock and franchise at 10 per cent is authorized by Section 276, Chapter 120, of the Revenue Act, where no re-valuation or re-assessment is made. People v. C. & A. Ry. Co., 228 II. 102. Method by which the assessed value of capital stock and franchises should be ascertained. State Board of Equalization v. People, 191 Ill. 528. Shares of stock and tangible corporate property are different kinds of property for taxation, and belong to different own ers; tangible property to the corporation, stock to the stockholder. Greenleaf v. Board of Review, 184 Ill. 226. Shares of stock in domestic or foreign corporations are taxable to the owner at his place of residence. (Clause 6, Section 1, Revenue Act.) Greenleaf v. Board of Review, 184 Ill. 226. Stock of a consolidated corporation is taxable in the State where it was organized, although the parties to the merger existed in different States. Keokuk Bridge Co. v. People, 161 Ill. 132 (142). Stockholders of loan association must pay tax on their stock. The real estate is taxed to the association. In re St. L. Loan & I. Co. 194 Ill. 609. Miscellaneous. Tunnels under city streets built and used by private corporations are taxable property and not "right and franchises," and subject to taxation as real property. Proceeding by mandamus to compel assessment. People v. Upham, 221 Ill. 555. Taxation of a corporation may be based on its indebtedness where the debts absorb the capital stock. Keokuk Bridge Co. v. People, 161 Ill. 132 (143). |