![Illinois capital gains tax ruling [US SC]](https://www.jurist.org/wp-content/uploads/2021/12/jurist-white-text.png)
MeadWestvaco Corp. v. Illinois Department of Revenue, US Supreme Court, April 15, 2008 [overturning an Illinois state court decision allowing the state to tax a portion of the $1 billion capital gains realized by MeadWestvaco's predecessor when it sold its interest in Lexis/Nexis ]. Read the full text of the opinion [PDF]. Reported in JURIST's Paper Chase here.