Kroger Grocery & Baking Co. v. Evatt

The sole question in this case is whether the minimum balances maintained by appellant in the minor bank accounts outside Ohio had a situs in Ohio for the purpose of taxation.

The general rule is that intangibles have a tax situs at the domicile of the owner, and it is well established that the domicile of a corporation is the state of its organization. McBride, Exrx., v. City of Jersey City, 19 N. J. Misc., 637, 22 A. (2d), 567; Commonwealth v. Mundy Corp., 346 Pa., 482, 30 A. (2d), 878; In re Trus con Steel Co., 246 Mich., 174, 224 N. W., 653; Fidelity & Columbia Trust Co., Exr., v. City of…