Timken Co. v. Lindley

R.C. 5701.03 reads in pertinent part: “As used in Title LVII of the Revised Code, ‘personal property’ includes every tangible thing which is the subject of ownership, whether animate or inanimate, other than patterns, jigs, dies, or drawings, which are held for use and not for sale in the ordinary course of business * * (Emphasis added.) As to the definition of the terms “patterns,” “jigs” and “dies,” the Revised Code is silent. Appellant contends that a general lexicon definition should apply, and that the meaning applied to these items by the Board of Tax Appeals was overbroad and…