NATL. CITY BANK v. PORTERFIELD

No. 68-98.

15 Ohio St. 2d 235 (1968)

THE NATIONAL CITY BANK OF CLEVELAND, APPELLANT, v. PORTERFIELD, TAX COMMR., APPELLEE, ET AL.

Supreme Court of Ohio.

Decided July 17, 1968.


Attorney(s) appearing for the Case

Messrs. Squire, Sanders & Dempsey, Mr. Rufus S. Day, Jr., Mr. Robert A. Johnson and Mr. Theodore W. Jones, for appellant.

Mr. William B. Saxbe, attorney general and Mr. Jon A. Ziegler, for appellee.


Per Curiam.

In filing its financial institution return of taxable property for the year 1964, appellant excluded from the book value of its taxable shares the value of shares held by foreign insurance companies, domestic insurance companies and all dealers in intangibles. (Sections 5725.25 and 5725.26, Revised Code.) Upon audit, an increased assessment was issued by the Tax Commissioner to include the value of all such shares. Upon appellant's application for...

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