Middletown Iron & Steel Co. v. Evatt

The sole question is whether the appellant taxpayer, in processing scrap metal according to specifications so that the product would be usable in open-hearth furnaces for the production of steel, was a manufacturer. If so, the metal in process will be assessed at fifty per cent, of its true value in money; if not, at seventy per cent.

Section 5385, General Code, reads:

“A person who purchases, receives or holds personal property, of any description, for the purpose of adding to the value thereof by manufacturing, refining, recti*122fying, or by the combination of different materials with a view of…