Syro Steel Co. v. Kosydar

Appellant’s primary contention is that the assets in question should be treated as “idle equipment,” valued for tax purposes at ten percent of its original cost. The sole authority for this proposition is a 1948 directive of the Tax Commissioner, -which has previously been found by this court to have no statutory support. See Red Top Brewing Co. v. Bowers (1955), 163 Ohio St. 18.

Paragraph one of the syllabus in Red Top, supra, provides:

“Although the Tax Commissioner may give consideration to the fact that machinery and equipment are idle, in determining that the ‘true value of’ such machinery…