Chicago Tool and Die Corporation (CTDC) recently purchased an aircraft for the top executives to use for

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Chicago Tool and Die Corporation (CTDC) recently purchased an aircraft for the top executives to use for customer visits, transporting employees from one location to another, and matters relating to acquisitions and lawsuits. Upon purchase, no Illinois sales tax was charged, as the seller did not have Illinois sales-tax nexus. The aircraft was hangared in Ohio but made numerous trips (more than 200) in and out of Illinois airports. In the year of purchase, was CTDC liable for Illinois use tax?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Federal Tax Research

ISBN: 9781285439396

10th Edition

Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill

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