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ARMOUR & CO. v. KOSYDAR

No. 75-601.

46 Ohio St. 2d 450 (1976)

ARMOUR & COMPANY, APPELLANT, v. KOSYDAR, TAX COMMR., APPELLEE.

Supreme Court of Ohio.

Decided June 23, 1976.

Attorney(s) appearing for the Case

Messrs. Glander, Brant, Ledman & Newman, Mr. C. Emory Glander and Mr. James H. Ledman, for appellant.

Mr. William J. Brown, attorney general, and Mr. John C. Duffy, Jr., for appellee.

Per Curiam.

The franchise tax provided by R. C. 5733.01 through 5733.27 is computed by applying a "property" fraction to one-half of the share value of the company, and a "business done" fraction to the remaining one-half of the share value of the company. The share value of a company, under R. C. 5733.05, consists of the total book value of that company's capital, surplus, undivided profits, and reserves, with certain specified exceptions.

The Tax...

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