LOCHER, J.
This cause presents two issues: (1) whether Cameo's gain occurred during or after the first taxable year in which Cameo computed its franchise tax liability by using the net income method; and (2) whether Cameo is entitled to an exclusion of $831,322.43 from the amount of taxable gain.
I.
R. C. 5733.06 requires corporations to calculate franchise tax liability under both the "net income" and "net worth" methods. The actual tax liability...
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