Caveney v. Bower
Case Date: 03/02/2001
Court: 2nd District Appellate
Docket No: 2-99-1427 Rel
March 2, 2001 No. 2--99--1427 IN THE APPELLATE COURT OF ILLINOIS SECOND DISTRICT
JUSTICE McLAREN delivered the opinion of the court: Defendants, Glen T. Bower, Judy Baar Topinka, and the Illinois Department ofRevenue (collectively, the State), appeal from the trial court's grant of summaryjudgment in favor of plaintiffs, Jack and Margaret Caveney. We affirm. The Caveneys are shareholders in Panduit Corporation. For the tax years endedDecember 31, 1993, 1994, and 1995, Panduit elected to be treated as a subchapter Scorporation for federal and state income tax purposes. See 26 U.S.C.A. |