Marc Lance Ford, Inc. v. Porterfield

The taxpayer contends that those automobiles removed from its new car inventory for use as demonstrators and officials’ cars and operated under dealer’s plates issued pursuant to Section 4503.27, Revised Code, should have been excluded from its inventory for personal property tax purposes. It bases this contention upon the part of Section 5701.03, Revised Code, which reads:

“As used in Title LVII of the Revised Code [providing for personal property taxation], ‘personal property’ includes every tangible thing which is the subject of ownership * * * other than * * * motor vehicles registered by…