JUSTUS v. BOWERS

No. 35376.

167 Ohio St. 384 (1958)

JUSTUS ET AL., APPELLEES, v. BOWERS, TAX COMMR., APPELLANT.

Supreme Court of Ohio.

Decided March 19, 1958.


Attorney(s) appearing for the Case

Mr. John R. Evans, for appellees.

Mr. William Saxbe, attorney general, and Mr. Gerald A. Donahue, for appellant.


Per Curiam.

The question presented is whether the shares of stock of Carriage House Apartments, Inc., are investments within the meaning of Section 5701.06, Revised Code, defining investments for the purpose of taxation.

It is clear from the record that what each of these shareholders bought was an interest in real estate, an apartment building, for the sole purpose of occupying a portion of the same as a home. There is nothing to show any intent, plan...

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